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Test your basic knowledge |
Management 101: Business History
Start Test
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. Provided national advertising and mass production
Hostile Takeover
Sears
Franchisor
Ralph Nader
2. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Progressivism
Leveraged Buyout
Industrial Policy
3. Interstate Commerce Commission was strengthened. Regulated rates.
Oligopoly
Administrative pricing
Hepburn Act
Francis Kellor
4. Setting of prices by mangers of large firms.
Francis Kellor
Consumerism
Administrative pricing
Open Prices
5. 1929 stock market crashed
Oligopoly
Du Pont
Herbert Hoover
Consequences of Mergers
6. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Sears
New Individualism
Keynes Economic Theory
7. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Business Bureaucracies
Marketing
Associative State
Union Shop
8. Free trade between US - Canada - Mexico
NAFTA
Marketing
Hostile Takeover
The Great Depression
9. Most women were stalled at middle management levels.
Glass Ceiling
University of PA
Anti-trust Policy
Open Prices
10. Dominated the retail industry by mail order only selling.
Henry Ford
Sherman Anti-Trust Act
Sears
Trade
11. Promote economic recovery in Europe.
Social Responsibility
Consumerism
Military Industrial Complex 2
Marshall Plan
12. Worlds largest provider of computer software for desktops.
Civil Rights Act
Progressivism
Mircosoft
Closed Shop
13. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Decentralized Management
Horizontal Integration
Sears
New Individualism
14. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Keynes Economic Theory
New Individualism
Franklin Roosevelt
Post-Industrial Economy
15. Most favored nation. Trade barriers raised.
Trade
U.S Chamber of Commerce
University of PA
Montgomery Ward
16. Income people could do with as the pleased.
Disposable Income
Open Prices
Glass Ceiling
Marketing
17. Burden of proof to raise rates was now the responsibility of the railroads.
University of PA
Mann-Elkins Act
Closed Shop
Franchisee
18. Panic of 1907 - 5 members - foreign transactions went through NY.
Closed Shop
Marketing
1913 Federal Reserve Board
Business Bureaucracies
19. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Corporate Management
Economic Prosperity
Mass Industry
Progressivism
20. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Frederick Taylor
Bank Holidays
Employment & Production Act
Gilded Age
21. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Herbert Hoover
Consumer Durables
Mircosoft
Social Responsibility
22. Few companies combines forces to control production of sale of a product.
Monetarism
Consequences of Mergers
Horizontal Integration
Associative State
23. Sec. of Treasury under lincoln. Father of national Banking system.
New Individualism
Associative State
Salmon Chase
Hostile Takeover
24. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Employment & Production Act
Henry Ford
Mann-Elkins Act
25. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Hostile Takeover
Laissez Faire
Military Industrial Complex
26. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Consumerism
Richard T. Ely
Deregulation
Corporatism
27. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Corporate Management
Disposable Income
Sherman Anti-Trust Act
28. 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.
New Individualism
Marketing
Franchisor
Hostile Takeover
29. First college of business.
Conglomerates
Trade
Marshall Plan
University of PA
30. GM - Ford - and Chrysler dominated the market. GM=50% share
Anti-trust Policy
Booming American Automobile Industry
University of PA
Open Prices
31. Formalized business practices by standardized management practices.
Managerial Revolution
Progressivism
Military Industrial Complex
Social Responsibility
32. Paper currency issued by the government to finance to civil war.
Open Prices
Green Backs
Glass Ceiling
Civil War
33. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Corporatism
Salmon Chase
Military Industrial Complex
34. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Taft Hartley Act
Mass Industry
Union Shop
Civil Rights Act
35. Urged the gov't to control the money supply in order to control inflation.
Green Backs
Consequences of Mergers
The Great Depression
Monetarism
36. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Henry Ford
Taft Hartley Act
Military Industrial Complex 2
37. Developed the assembly line. Anti Union. Model T.
Henry Ford
Laissez Faire
Most Favorited Nation
Taft Hartley Act
38. President. Standard oil - american tobacco - us steel.
Green Backs
William Taft
Mircosoft
Open Shop
39. Oil refining business. He was the first billionaire.
NAFTA
Populism
William Taft
John D. Rockafeller
40. Started as a gun powder company - Rate of return.
Francis Kellor
Social Responsibility
Du Pont
Organization of Petroleum Exporting Countries
41. Gold drain; exchange rates; free floating
Franchisee
Currency
Business Bureaucracies
Deregulation
42. Alliance among public agencies - private firms and trade associations to handle international competitions.
Consumer Durables
Industrial Policy
Mann-Elkins Act
Glass Ceiling
43. Worked divided by specific tasks. i.e. accounting - production - ect.
Post-Industrial Economy
Booming American Automobile Industry
Functional Departmentalization
University of PA
44. Employers can hire whoever they want. Both union and non union.
Hepburn Act
Progressivism
Taft Hartley Act
Open Shop
45. Business - not independent trade unions should look after the best interest of the workers.
Military Industrial Complex
Welfare Capitalism
Trade
Corporatism
46. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Hostile Takeover
Mann-Elkins Act
Mircosoft
47. American firms were poised to dominate economic activity in a system of free trade.
Richard T. Ely
Economic Prosperity
Franklin Roosevelt
University of PA
48. Goal was to represent the interests of American business in general.
Sherman Anti-Trust Act
Marshall Plan
Consumer Durables
U.S Chamber of Commerce
49. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Consequences of Mergers
Business Bureaucracies
Marketing
William Taft
50. Companies had the right to manage. Union leaders.
The Great Depression
Sears
Taft Hartley Act
Post-Industrial Economy