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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. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Bank Holidays
Hostile Takeover
Post-Industrial Economy
2. Committed her life to social reform - immigrant committee
Francis Kellor
Hepburn Act
Andrew Carnegie
Frederick Taylor
3. Developed the assembly line. Anti Union. Model T.
Organization of Petroleum Exporting Countries
Marketing
Henry Ford
Sears
4. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Richard T. Ely
Taft Hartley Act
Civil Rights Act
The Great Depression
5. Worlds largest provider of computer software for desktops.
Social Responsibility
Mircosoft
Sherman Anti-Trust Act
Closed Shop
6. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Mircosoft
The Great Depression
Glass Ceiling
7. Income people could do with as the pleased.
Currency
Industrial Democracy
Franklin Roosevelt
Disposable Income
8. Companies had the right to manage. Union leaders.
Marketing
Taft Hartley Act
Corporate Management
Monetarism
9. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
NAFTA
John D. Rockafeller
Populism
Civil Rights Act
10. 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.
Corporate Management
Franchisor
Marketing
Keynes Economic Theory
11. Worked divided by specific tasks. i.e. accounting - production - ect.
Horizontal Integration
Marshall Plan
New Individualism
Functional Departmentalization
12. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Glass Ceiling
Marketing
Henry Ford
13. Interstate Commerce Commission was strengthened. Regulated rates.
Salmon Chase
Currency
Oligopoly
Hepburn Act
14. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Social Responsibility
Vertical Integration
Anti-trust Policy
Military Industrial Complex
15. Congress established a national banking system.
Corporate Management
Corporation
Open Prices
Civil War
16. Could only hire union workers. Illegal
Keynes Economic Theory
Closed Shop
Franklin Roosevelt
Progressivism
17. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Mann-Elkins Act
Decentralized Management
Marketing
18. A few firms dominate an industry. Price competition decreased.
Progressivism
Decentralized Management
Oligopoly
Functional Departmentalization
19. Promote economic recovery in Europe.
Keynes Economic Theory
Marshall Plan
Montgomery Ward
Deregulation
20. Urged the gov't to control the money supply in order to control inflation.
Welfare Capitalism
Bank Holidays
Monetarism
Open Prices
21. Oil refining business. He was the first billionaire.
Most Favorited Nation
Consequences of Mergers
Sherman Anti-Trust Act
John D. Rockafeller
22. Let the people do as they please
Herbert Hoover
Currency
Decentralized Management
Laissez Faire
23. Control all aspects of an industry from raw materials to retail.
Franchisee
Disposable Income
Corporate Management
Vertical Integration
24. Creators of Microsoft
Industrial Democracy
Bill Gates - Paul Allen
Functional Departmentalization
Union Shop
25. Programs intended to stabilize the economy while maintaining individual autonomy.
Andrew Carnegie
Corporate Management
Bank Holidays
Associative State
26. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Military Industrial Complex 2
Marshall Plan
Military Industrial Complex
27. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Henry Ford
Administrative pricing
Post-Industrial Economy
Conglomerates
28. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Economic Prosperity
John D. Rockafeller
Welfare Capitalism
29. Gold drain; exchange rates; free floating
Leveraged Buyout
Currency
Sherman Anti-Trust Act
Mann-Elkins Act
30. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Trade
Sherman Anti-Trust Act
Union Shop
Decentralized Management
31. Provided national advertising and mass production
Franchisor
Military Industrial Complex 2
Deregulation
Horizontal Integration
32. Corporate offices
Decentralized Management
Civil War
Hostile Takeover
Open Shop
33. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
New Individualism
Most Favorited Nation
Anti-trust Policy
Sherman Anti-Trust Act
34. 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.
Keynes Economic Theory
Frederick Taylor
U.S Chamber of Commerce
Civil Rights Act
35. Items purchased by consumers for use over more than a year or two.
Sears
U.S Chamber of Commerce
Consumer Durables
Marshall Plan
36. Burden of proof to raise rates was now the responsibility of the railroads.
University of PA
Mann-Elkins Act
Administrative pricing
Progressivism
37. First college of business.
University of PA
Civil War
Deregulation
Keynes Economic Theory
38. Paper currency issued by the government to finance to civil war.
Green Backs
Economic Prosperity
Most Favorited Nation
Populism
39. Started as a gun powder company - Rate of return.
Du Pont
Frederick Taylor
Consumer Durables
Progressivism
40. Alliance among public agencies - private firms and trade associations to handle international competitions.
NAFTA
Industrial Policy
Marketing
Economic Prosperity
41. Employers can hire whoever they want. Both union and non union.
Vertical Integration
Associative State
Open Shop
Economic Prosperity
42. Inflation continued in the absence of robust economic growth.
Deregulation
Stagflation
Frederick Taylor
Franklin Roosevelt
43. Goal was to represent the interests of American business in general.
Conglomerates
Most Favorited Nation
Union Shop
U.S Chamber of Commerce
44. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Marketing
Francis Kellor
Montgomery Ward
Bank Holidays
45. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Deregulation
Most Favorited Nation
Business Bureaucracies
Administrative pricing
46. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Deregulation
Sherman Anti-Trust Act
Managerial Revolution
Trade
47. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Herbert Hoover
Open Shop
Frederick Taylor
Mass Industry
48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
The Great Depression
Gilded Age
Economic Prosperity
Henry Ford
49. President. Standard oil - american tobacco - us steel.
William Taft
Military Industrial Complex 2
Consumerism
Progressivism
50. Set of values that placed a higher priority on the use of good than on their production.
Civil War
Consumerism
Herbert Hoover
Trade
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