SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
Test your basic knowledge |
Management 101: Business History
Start Test
Study First
Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Deregulation
Organization of Petroleum Exporting Countries
Marshall Plan
Franchisee
2. American firms were poised to dominate economic activity in a system of free trade.
Corporatism
Post-Industrial Economy
Hostile Takeover
Economic Prosperity
3. Let the people do as they please
Military Industrial Complex 2
Laissez Faire
Montgomery Ward
Stagflation
4. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Franchisor
Horizontal Integration
Most Favorited Nation
Consumer Durables
5. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Consequences of Mergers
Richard T. Ely
Open Prices
Anti-trust Policy
6. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Conglomerates
Consequences of Mergers
The Great Depression
Social Responsibility
7. Setting of the firms strategy according to realistic observations of available customers and then organizing the firm to coordinate production - distribution - sales and service according to these observations.
Marketing
NAFTA
Decentralized Management
Military Industrial Complex
8. Setting of prices by mangers of large firms.
Stagflation
Taft Hartley Act
Administrative pricing
Industrial Policy
9. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Bill Gates - Paul Allen
Francis Kellor
Andrew Carnegie
Trade
10. Goal was to represent the interests of American business in general.
Deregulation
Mass Industry
U.S Chamber of Commerce
Progressivism
11. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Most Favorited Nation
Laissez Faire
Functional Departmentalization
Bank Holidays
12. Creators of Microsoft
Civil War
Marketing
Bill Gates - Paul Allen
Industrial Democracy
13. First college of business.
University of PA
Anti-trust Policy
Conglomerates
Closed Shop
14. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Open Prices
Glass Ceiling
Conglomerates
New Individualism
15. Formalized business practices by standardized management practices.
Glass Ceiling
Horizontal Integration
Managerial Revolution
Consequences of Mergers
16. Gold drain; exchange rates; free floating
Franchisee
Green Backs
Currency
Horizontal Integration
17. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Franchisor
Mass Industry
Social Responsibility
Monetarism
18. Employers can hire whoever they want. Both union and non union.
Open Shop
Leveraged Buyout
Frederick Taylor
Vertical Integration
19. 1929 stock market crashed
Herbert Hoover
Administrative pricing
Open Shop
Marshall Plan
20. Oil refining business. He was the first billionaire.
Closed Shop
U.S Chamber of Commerce
Decentralized Management
John D. Rockafeller
21. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Deregulation
Marketing
Franklin Roosevelt
22. Burden of proof to raise rates was now the responsibility of the railroads.
Industrial Policy
Mann-Elkins Act
Sears
Du Pont
23. Urged the gov't to control the money supply in order to control inflation.
Monetarism
1913 Federal Reserve Board
Deregulation
Currency
24. Items purchased by consumers for use over more than a year or two.
Corporatism
Consumer Durables
Hepburn Act
Booming American Automobile Industry
25. Sec. of Treasury under lincoln. Father of national Banking system.
Stagflation
Industrial Policy
Salmon Chase
Mass Industry
26. Set of values that placed a higher priority on the use of good than on their production.
Montgomery Ward
Civil War
Consumerism
Civil Rights Act
27. Companies had the right to manage. Union leaders.
Taft Hartley Act
Functional Departmentalization
Consequences of Mergers
Salmon Chase
28. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Civil Rights Act
Corporation
Deregulation
Monetarism
29. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Consequences of Mergers
Welfare Capitalism
Corporate Management
Gilded Age
30. Sought to break up the control of big business to create more opportunities.
Populism
Currency
Bill Gates - Paul Allen
Francis Kellor
31. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Franchisee
Corporate Management
1913 Federal Reserve Board
Union Shop
32. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Franklin Roosevelt
Vertical Integration
Military Industrial Complex
33. Free trade between US - Canada - Mexico
NAFTA
Du Pont
Booming American Automobile Industry
Consequences of Mergers
34. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
NAFTA
Richard T. Ely
Civil War
Military Industrial Complex 2
35. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Mann-Elkins Act
Open Prices
Leveraged Buyout
36. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Currency
Stagflation
Social Responsibility
Anti-trust Policy
37. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Associative State
Taft Hartley Act
Leveraged Buyout
Marketing
38. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Stagflation
Marshall Plan
Corporatism
Franchisee
39. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Closed Shop
Andrew Carnegie
Marshall Plan
40. Most favored nation. Trade barriers raised.
Hostile Takeover
Open Shop
Mann-Elkins Act
Trade
41. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Civil War
Marshall Plan
Corporation
Deregulation
42. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
New Individualism
Oligopoly
Mircosoft
43. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Disposable Income
Corporatism
Conglomerates
Deregulation
44. Few companies combines forces to control production of sale of a product.
U.S Chamber of Commerce
Keynes Economic Theory
Horizontal Integration
Organization of Petroleum Exporting Countries
45. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Post-Industrial Economy
Welfare Capitalism
Business Bureaucracies
Gilded Age
46. Promote economic recovery in Europe.
Bank Holidays
Civil Rights Act
Marketing
Marshall Plan
47. Business - not independent trade unions should look after the best interest of the workers.
Glass Ceiling
Sherman Anti-Trust Act
Welfare Capitalism
1913 Federal Reserve Board
48. Father of Scientific Management. Studied individual tasks to make them more efficient. Used a stop watch to measure time it takes to complete a task.
Frederick Taylor
Vertical Integration
Horizontal Integration
Conglomerates
49. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Administrative pricing
Francis Kellor
Franklin Roosevelt
Oligopoly
50. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex 2
Military Industrial Complex
Union Shop
Oligopoly