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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. Paper currency issued by the government to finance to civil war.
Associative State
Franchisee
Green Backs
Progressivism
2. Gold drain; exchange rates; free floating
Consumerism
Corporatism
Managerial Revolution
Currency
3. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Closed Shop
Hostile Takeover
Union Shop
University of PA
4. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
The Great Depression
Industrial Democracy
Sherman Anti-Trust Act
Mircosoft
5. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
William Taft
Marketing
Progressivism
Marketing
6. Sec. of Treasury under lincoln. Father of national Banking system.
Monetarism
Administrative pricing
Salmon Chase
Gilded Age
7. GM - Ford - and Chrysler dominated the market. GM=50% share
Taft Hartley Act
Functional Departmentalization
Booming American Automobile Industry
Managerial Revolution
8. Urged the gov't to control the money supply in order to control inflation.
The Great Depression
Consumerism
Monetarism
Leveraged Buyout
9. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Franchisee
Keynes Economic Theory
Monetarism
Organization of Petroleum Exporting Countries
10. Inflation continued in the absence of robust economic growth.
Bank Holidays
Stagflation
Vertical Integration
Closed Shop
11. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Bank Holidays
Employment & Production Act
Andrew Carnegie
Post-Industrial Economy
12. Business - not independent trade unions should look after the best interest of the workers.
U.S Chamber of Commerce
Consumer Durables
Welfare Capitalism
Franchisee
13. Sears.
Montgomery Ward
Andrew Carnegie
Welfare Capitalism
Booming American Automobile Industry
14. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Horizontal Integration
Industrial Policy
Franchisee
Business Bureaucracies
15. Business leaders sought to achieve cooperation among business - labor and government.
Salmon Chase
NAFTA
Horizontal Integration
Corporatism
16. 1929 stock market crashed
Herbert Hoover
Military Industrial Complex
Salmon Chase
Administrative pricing
17. Use borrowed money to buy company. Sometimes used to take 'stock private'
Disposable Income
Leveraged Buyout
Richard T. Ely
Anti-trust Policy
18. Workers would enjoy the rights of association and the ability to influence wage levels.
Sears
Corporatism
Marketing
Industrial Democracy
19. Creators of Microsoft
Bill Gates - Paul Allen
Frederick Taylor
Sherman Anti-Trust Act
Currency
20. Few companies combines forces to control production of sale of a product.
Populism
Most Favorited Nation
Horizontal Integration
Social Responsibility
21. Goal was to represent the interests of American business in general.
Booming American Automobile Industry
Montgomery Ward
U.S Chamber of Commerce
Bill Gates - Paul Allen
22. Close banks to keep people from withdrawing all of their money and collapsing the banks.
The Great Depression
Bank Holidays
Frederick Taylor
Conglomerates
23. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Sears
Mann-Elkins Act
Decentralized Management
Social Responsibility
24. Oil refining business. He was the first billionaire.
U.S Chamber of Commerce
Progressivism
John D. Rockafeller
Military Industrial Complex
25. First college of business.
Sears
Richard T. Ely
Industrial Democracy
University of PA
26. Companies had the right to manage. Union leaders.
Industrial Policy
Sherman Anti-Trust Act
Corporate Management
Taft Hartley Act
27. Control all aspects of an industry from raw materials to retail.
Corporate Management
Mircosoft
Vertical Integration
Bank Holidays
28. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Oligopoly
Gilded Age
Business Bureaucracies
Administrative pricing
29. Most favored nation. Trade barriers raised.
Vertical Integration
Administrative pricing
Industrial Democracy
Trade
30. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Hostile Takeover
Stagflation
Bill Gates - Paul Allen
31. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Union Shop
Andrew Carnegie
Marshall Plan
Disposable Income
32. Corporate offices
Corporate Management
Du Pont
Henry Ford
Decentralized Management
33. Congress established a national banking system.
Military Industrial Complex
Civil War
Laissez Faire
Horizontal Integration
34. Committed her life to social reform - immigrant committee
Welfare Capitalism
Military Industrial Complex 2
Francis Kellor
Sherman Anti-Trust Act
35. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Franklin Roosevelt
Mass Industry
Green Backs
Keynes Economic Theory
36. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Frederick Taylor
Marketing
Trade
37. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Andrew Carnegie
Industrial Policy
U.S Chamber of Commerce
Employment & Production Act
38. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Green Backs
Francis Kellor
Henry Ford
New Individualism
39. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
1913 Federal Reserve Board
Frederick Taylor
Social Responsibility
40. Employers can hire whoever they want. Both union and non union.
Conglomerates
Civil War
Open Shop
Functional Departmentalization
41. Most women were stalled at middle management levels.
Laissez Faire
Conglomerates
Functional Departmentalization
Glass Ceiling
42. Use of stock tender to offer to buy a company that did not want to sell.
Administrative pricing
Deregulation
Hostile Takeover
Bank Holidays
43. Income people could do with as the pleased.
Disposable Income
Taft Hartley Act
Functional Departmentalization
Administrative pricing
44. Sought to break up the control of big business to create more opportunities.
Gilded Age
Hostile Takeover
Horizontal Integration
Populism
45. Interstate Commerce Commission was strengthened. Regulated rates.
Gilded Age
Hepburn Act
Mann-Elkins Act
Consumerism
46. Provided national advertising and mass production
Franchisor
Hostile Takeover
Corporatism
Progressivism
47. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Sherman Anti-Trust Act
Military Industrial Complex
Industrial Democracy
University of PA
48. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Industrial Policy
Deregulation
Sears
Ralph Nader
49. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
University of PA
The Great Depression
Bill Gates - Paul Allen
Business Bureaucracies
50. Reduction in diversification. Reduction in layers of management.
Business Bureaucracies
Consequences of Mergers
Populism
Mann-Elkins Act
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