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Test your basic knowledge |
Management 101: Business History
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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. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Andrew Carnegie
Functional Departmentalization
Managerial Revolution
2. Oil refining business. He was the first billionaire.
John D. Rockafeller
William Taft
Montgomery Ward
Social Responsibility
3. Could only hire union workers. Illegal
Closed Shop
Associative State
Herbert Hoover
Keynes Economic Theory
4. Promote economic recovery in Europe.
The Great Depression
Corporation
Marshall Plan
Corporate Management
5. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Bank Holidays
Trade
Open Shop
6. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Open Prices
U.S Chamber of Commerce
Functional Departmentalization
7. Sears.
Marketing
Marshall Plan
Franklin Roosevelt
Montgomery Ward
8. Companies had the right to manage. Union leaders.
Ralph Nader
Populism
Decentralized Management
Taft Hartley Act
9. Free trade between US - Canada - Mexico
Oligopoly
Administrative pricing
Herbert Hoover
NAFTA
10. Started as a gun powder company - Rate of return.
Bank Holidays
Leveraged Buyout
Du Pont
Oligopoly
11. Formalized business practices by standardized management practices.
Mass Industry
Marketing
Conglomerates
Managerial Revolution
12. Dominated the retail industry by mail order only selling.
Keynes Economic Theory
Open Shop
Sears
Welfare Capitalism
13. Programs intended to stabilize the economy while maintaining individual autonomy.
Ralph Nader
Associative State
Hostile Takeover
Keynes Economic Theory
14. Use borrowed money to buy company. Sometimes used to take 'stock private'
Franklin Roosevelt
Social Responsibility
NAFTA
Leveraged Buyout
15. Creators of Microsoft
Laissez Faire
Welfare Capitalism
Andrew Carnegie
Bill Gates - Paul Allen
16. Income people could do with as the pleased.
Taft Hartley Act
Trade
Disposable Income
Associative State
17. Interstate Commerce Commission was strengthened. Regulated rates.
Franchisor
Corporation
1913 Federal Reserve Board
Hepburn Act
18. Inflation continued in the absence of robust economic growth.
Stagflation
Bank Holidays
Marketing
University of PA
19. Committed her life to social reform - immigrant committee
New Individualism
Administrative pricing
Mass Industry
Francis Kellor
20. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Associative State
Business Bureaucracies
Marshall Plan
Progressivism
21. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Marketing
Deregulation
The Great Depression
Employment & Production Act
22. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Consequences of Mergers
Civil War
Richard T. Ely
Social Responsibility
23. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Corporation
Deregulation
Civil War
Corporatism
24. Most women were stalled at middle management levels.
Glass Ceiling
Horizontal Integration
Associative State
Disposable Income
25. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Vertical Integration
Organization of Petroleum Exporting Countries
Mass Industry
Marketing
26. Most favored nation. Trade barriers raised.
Trade
Social Responsibility
Bill Gates - Paul Allen
Sears
27. 1929 stock market crashed
Functional Departmentalization
Vertical Integration
Herbert Hoover
NAFTA
28. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Franchisor
William Taft
Progressivism
Andrew Carnegie
29. Alliance among public agencies - private firms and trade associations to handle international competitions.
Vertical Integration
Herbert Hoover
Industrial Policy
Deregulation
30. Workers would enjoy the rights of association and the ability to influence wage levels.
Richard T. Ely
Conglomerates
Industrial Democracy
Henry Ford
31. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
U.S Chamber of Commerce
The Great Depression
Bill Gates - Paul Allen
Salmon Chase
32. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Vertical Integration
Consumer Durables
Glass Ceiling
Gilded Age
33. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Glass Ceiling
Managerial Revolution
Hostile Takeover
34. Provided national advertising and mass production
Trade
University of PA
Organization of Petroleum Exporting Countries
Franchisor
35. Gold drain; exchange rates; free floating
Vertical Integration
The Great Depression
Hostile Takeover
Currency
36. Paper currency issued by the government to finance to civil war.
Managerial Revolution
Closed Shop
Henry Ford
Green Backs
37. A few firms dominate an industry. Price competition decreased.
Civil Rights Act
New Individualism
Sherman Anti-Trust Act
Oligopoly
38. Business - not independent trade unions should look after the best interest of the workers.
Consumerism
Welfare Capitalism
Franchisor
Du Pont
39. Burden of proof to raise rates was now the responsibility of the railroads.
Industrial Policy
Mann-Elkins Act
Oligopoly
Marketing
40. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Military Industrial Complex
Monetarism
Employment & Production Act
41. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Mircosoft
Welfare Capitalism
Keynes Economic Theory
Franklin Roosevelt
42. Sought to break up the control of big business to create more opportunities.
Disposable Income
Andrew Carnegie
The Great Depression
Populism
43. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Disposable Income
John D. Rockafeller
Andrew Carnegie
Franchisee
44. Items purchased by consumers for use over more than a year or two.
Corporate Management
Marketing
Richard T. Ely
Consumer Durables
45. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Du Pont
Progressivism
Richard T. Ely
46. Reduction in diversification. Reduction in layers of management.
Mass Industry
Monetarism
Consequences of Mergers
Industrial Policy
47. Goal was to represent the interests of American business in general.
Horizontal Integration
John D. Rockafeller
Sherman Anti-Trust Act
U.S Chamber of Commerce
48. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Franchisor
Consumerism
Bank Holidays
Economic Prosperity
49. Setting of prices by mangers of large firms.
Herbert Hoover
Administrative pricing
Civil Rights Act
Stagflation
50. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Vertical Integration
Sherman Anti-Trust Act
Decentralized Management
Conglomerates