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Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Glass Ceiling
Civil Rights Act
Marketing
Taft Hartley Act
2. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Corporatism
Marketing
Green Backs
New Individualism
3. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Corporatism
Marketing
Trade
Conglomerates
4. Sears.
Civil Rights Act
John D. Rockafeller
University of PA
Montgomery Ward
5. GM - Ford - and Chrysler dominated the market. GM=50% share
Marketing
Booming American Automobile Industry
Industrial Democracy
Glass Ceiling
6. Reduction in diversification. Reduction in layers of management.
Sherman Anti-Trust Act
John D. Rockafeller
Consequences of Mergers
The Great Depression
7. Panic of 1907 - 5 members - foreign transactions went through NY.
Franchisor
Consumer Durables
1913 Federal Reserve Board
Open Shop
8. 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
Most Favorited Nation
Montgomery Ward
Deregulation
9. Promote economic recovery in Europe.
New Individualism
Functional Departmentalization
1913 Federal Reserve Board
Marshall Plan
10. Developed the assembly line. Anti Union. Model T.
Henry Ford
Du Pont
Herbert Hoover
Hepburn Act
11. Income people could do with as the pleased.
Disposable Income
Keynes Economic Theory
University of PA
Laissez Faire
12. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Managerial Revolution
Progressivism
Laissez Faire
Sherman Anti-Trust Act
13. Sought to break up the control of big business to create more opportunities.
Populism
Horizontal Integration
Bank Holidays
NAFTA
14. Set of values that placed a higher priority on the use of good than on their production.
Managerial Revolution
Decentralized Management
Consumerism
John D. Rockafeller
15. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Monetarism
Open Shop
Sherman Anti-Trust Act
16. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Leveraged Buyout
Gilded Age
Business Bureaucracies
17. Alliance among public agencies - private firms and trade associations to handle international competitions.
Frederick Taylor
Business Bureaucracies
Industrial Policy
Economic Prosperity
18. First college of business.
University of PA
U.S Chamber of Commerce
Richard T. Ely
Organization of Petroleum Exporting Countries
19. Urged the gov't to control the money supply in order to control inflation.
Populism
Mircosoft
Conglomerates
Monetarism
20. 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.
The Great Depression
Marketing
Administrative pricing
Anti-trust Policy
21. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Most Favorited Nation
Gilded Age
University of PA
22. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Organization of Petroleum Exporting Countries
Franchisee
Mann-Elkins Act
23. President. Standard oil - american tobacco - us steel.
The Great Depression
Salmon Chase
Civil Rights Act
William Taft
24. Most favored nation. Trade barriers raised.
Hostile Takeover
Stagflation
Trade
Populism
25. Employers can hire whoever they want. Both union and non union.
Open Shop
Anti-trust Policy
Marketing
Mircosoft
26. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Economic Prosperity
Consumerism
Decentralized Management
27. Items purchased by consumers for use over more than a year or two.
Military Industrial Complex
Marketing
Francis Kellor
Consumer Durables
28. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Booming American Automobile Industry
Organization of Petroleum Exporting Countries
Anti-trust Policy
University of PA
29. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Andrew Carnegie
Military Industrial Complex
Open Prices
Leveraged Buyout
30. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Social Responsibility
Green Backs
Currency
Post-Industrial Economy
31. Creators of Microsoft
Most Favorited Nation
1913 Federal Reserve Board
Bill Gates - Paul Allen
Progressivism
32. Committed her life to social reform - immigrant committee
Post-Industrial Economy
Industrial Democracy
Glass Ceiling
Francis Kellor
33. A few firms dominate an industry. Price competition decreased.
Oligopoly
Open Shop
Associative State
William Taft
34. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
The Great Depression
Military Industrial Complex
Keynes Economic Theory
Business Bureaucracies
35. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Deregulation
Laissez Faire
Monetarism
36. Free trade between US - Canada - Mexico
Horizontal Integration
NAFTA
Hostile Takeover
Ralph Nader
37. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
New Individualism
Organization of Petroleum Exporting Countries
Franchisee
Consumerism
38. Programs intended to stabilize the economy while maintaining individual autonomy.
University of PA
Associative State
John D. Rockafeller
Stagflation
39. Companies had the right to manage. Union leaders.
Progressivism
Functional Departmentalization
Monetarism
Taft Hartley Act
40. Worked divided by specific tasks. i.e. accounting - production - ect.
Marketing
Functional Departmentalization
William Taft
Anti-trust Policy
41. Retailer - mail-order companies. Name brand products - advertising - catalogs.
1913 Federal Reserve Board
Mass Industry
Richard T. Ely
Franchisor
42. Control all aspects of an industry from raw materials to retail.
Henry Ford
Stagflation
Civil Rights Act
Vertical Integration
43. Use of stock tender to offer to buy a company that did not want to sell.
Ralph Nader
1913 Federal Reserve Board
Hostile Takeover
Montgomery Ward
44. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Oligopoly
Ralph Nader
Laissez Faire
Decentralized Management
45. Dominated the retail industry by mail order only selling.
Sears
Anti-trust Policy
Leveraged Buyout
Closed Shop
46. Oil refining business. He was the first billionaire.
Hepburn Act
Du Pont
Civil Rights Act
John D. Rockafeller
47. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Social Responsibility
Progressivism
Consequences of Mergers
Deregulation
48. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Welfare Capitalism
Civil Rights Act
U.S Chamber of Commerce
49. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Mircosoft
1913 Federal Reserve Board
Sherman Anti-Trust Act
Business Bureaucracies
50. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Bank Holidays
Sherman Anti-Trust Act
Booming American Automobile Industry
Civil Rights Act
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