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Test your basic knowledge |
Management 101: Business History
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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. Panic of 1907 - 5 members - foreign transactions went through NY.
Consumerism
Mann-Elkins Act
1913 Federal Reserve Board
Franklin Roosevelt
2. Set of values that placed a higher priority on the use of good than on their production.
Corporation
Consumerism
Corporate Management
Industrial Democracy
3. 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.
Keynes Economic Theory
Marketing
John D. Rockafeller
Herbert Hoover
4. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Franklin Roosevelt
Keynes Economic Theory
Hepburn Act
Monetarism
5. Gold drain; exchange rates; free floating
Bill Gates - Paul Allen
Mircosoft
Sherman Anti-Trust Act
Currency
6. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Montgomery Ward
Francis Kellor
Corporation
Glass Ceiling
7. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Union Shop
Stagflation
Deregulation
New Individualism
8. Sec. of Treasury under lincoln. Father of national Banking system.
New Individualism
Franklin Roosevelt
Military Industrial Complex 2
Salmon Chase
9. Oil refining business. He was the first billionaire.
Managerial Revolution
Progressivism
John D. Rockafeller
Anti-trust Policy
10. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Mass Industry
Consumerism
Consequences of Mergers
Marketing
11. Interstate Commerce Commission was strengthened. Regulated rates.
Frederick Taylor
Taft Hartley Act
The Great Depression
Hepburn Act
12. Sought to break up the control of big business to create more opportunities.
Populism
The Great Depression
New Individualism
Corporation
13. Sears.
Montgomery Ward
Leveraged Buyout
Corporation
Franklin Roosevelt
14. Defense department became a significant source for scientific and engineering. Led by private firms and university.
University of PA
Military Industrial Complex
Monetarism
Salmon Chase
15. President. Standard oil - american tobacco - us steel.
William Taft
Franklin Roosevelt
The Great Depression
Disposable Income
16. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
University of PA
Hostile Takeover
Open Prices
Sherman Anti-Trust Act
17. 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
Franklin Roosevelt
Montgomery Ward
Oligopoly
18. Control all aspects of an industry from raw materials to retail.
Consumer Durables
Employment & Production Act
Vertical Integration
Industrial Policy
19. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Trade
Most Favorited Nation
John D. Rockafeller
Disposable Income
20. 1929 stock market crashed
Herbert Hoover
Social Responsibility
Mann-Elkins Act
Sherman Anti-Trust Act
21. Burden of proof to raise rates was now the responsibility of the railroads.
Franklin Roosevelt
Anti-trust Policy
Hostile Takeover
Mann-Elkins Act
22. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Military Industrial Complex 2
Disposable Income
Civil Rights Act
Industrial Democracy
23. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Franchisee
Managerial Revolution
Decentralized Management
Richard T. Ely
24. Reduction in diversification. Reduction in layers of management.
Military Industrial Complex 2
Mircosoft
Consequences of Mergers
Du Pont
25. Urged the gov't to control the money supply in order to control inflation.
University of PA
NAFTA
Military Industrial Complex 2
Monetarism
26. Could only hire union workers. Illegal
Social Responsibility
Decentralized Management
Closed Shop
William Taft
27. Dominated the retail industry by mail order only selling.
Sears
Deregulation
Franchisor
Keynes Economic Theory
28. Corporate offices
Corporatism
Leveraged Buyout
Decentralized Management
Salmon Chase
29. Provided national advertising and mass production
University of PA
Consumerism
Andrew Carnegie
Franchisor
30. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Monetarism
Decentralized Management
Horizontal Integration
31. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Civil Rights Act
Franklin Roosevelt
Union Shop
Social Responsibility
32. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Business Bureaucracies
Franchisee
Bill Gates - Paul Allen
33. Congress established a national banking system.
Keynes Economic Theory
Most Favorited Nation
Civil War
Herbert Hoover
34. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Marshall Plan
Deregulation
U.S Chamber of Commerce
Post-Industrial Economy
35. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Montgomery Ward
Business Bureaucracies
The Great Depression
36. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Trade
Andrew Carnegie
Consumer Durables
Vertical Integration
37. Promote economic recovery in Europe.
Marshall Plan
Herbert Hoover
Booming American Automobile Industry
Progressivism
38. Goal was to represent the interests of American business in general.
Civil War
Employment & Production Act
Post-Industrial Economy
U.S Chamber of Commerce
39. GM - Ford - and Chrysler dominated the market. GM=50% share
Oligopoly
Booming American Automobile Industry
Military Industrial Complex
Industrial Policy
40. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Trade
Sherman Anti-Trust Act
Vertical Integration
Gilded Age
41. Worlds largest provider of computer software for desktops.
Bill Gates - Paul Allen
Disposable Income
Deregulation
Mircosoft
42. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Franchisor
Mass Industry
U.S Chamber of Commerce
Ralph Nader
43. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Conglomerates
Montgomery Ward
William Taft
44. Employers can hire whoever they want. Both union and non union.
Marshall Plan
Open Shop
Oligopoly
Military Industrial Complex
45. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Employment & Production Act
Open Prices
Mass Industry
Conglomerates
46. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Mircosoft
Marshall Plan
New Individualism
Bank Holidays
47. American firms were poised to dominate economic activity in a system of free trade.
Montgomery Ward
Marketing
Laissez Faire
Economic Prosperity
48. Business - not independent trade unions should look after the best interest of the workers.
Frederick Taylor
Welfare Capitalism
Deregulation
Functional Departmentalization
49. Companies had the right to manage. Union leaders.
New Individualism
Marshall Plan
Anti-trust Policy
Taft Hartley Act
50. Items purchased by consumers for use over more than a year or two.
Industrial Democracy
Social Responsibility
Consumer Durables
Mass Industry