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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. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Business Bureaucracies
Sherman Anti-Trust Act
Progressivism
Industrial Policy
2. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Leveraged Buyout
Social Responsibility
Bank Holidays
Keynes Economic Theory
3. First college of business.
University of PA
Sherman Anti-Trust Act
Vertical Integration
Hepburn Act
4. Setting of prices by mangers of large firms.
Decentralized Management
Administrative pricing
Functional Departmentalization
Organization of Petroleum Exporting Countries
5. 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.
Civil Rights Act
Managerial Revolution
Consumerism
Marketing
6. A few firms dominate an industry. Price competition decreased.
Andrew Carnegie
Laissez Faire
Oligopoly
Most Favorited Nation
7. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Progressivism
Anti-trust Policy
Organization of Petroleum Exporting Countries
New Individualism
8. Income people could do with as the pleased.
Oligopoly
Bank Holidays
Disposable Income
Trade
9. Workers would enjoy the rights of association and the ability to influence wage levels.
William Taft
Industrial Democracy
Consequences of Mergers
Franchisee
10. Employers can hire whoever they want. Both union and non union.
Administrative pricing
Open Shop
Monetarism
Decentralized Management
11. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Keynes Economic Theory
Montgomery Ward
Franklin Roosevelt
Employment & Production Act
12. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Andrew Carnegie
Organization of Petroleum Exporting Countries
Consequences of Mergers
Corporation
13. Creators of Microsoft
Marketing
Bill Gates - Paul Allen
Progressivism
Civil Rights Act
14. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Bill Gates - Paul Allen
Francis Kellor
Post-Industrial Economy
Oligopoly
15. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Post-Industrial Economy
Hepburn Act
Trade
Keynes Economic Theory
16. Programs intended to stabilize the economy while maintaining individual autonomy.
Civil Rights Act
Associative State
Vertical Integration
Herbert Hoover
17. Use borrowed money to buy company. Sometimes used to take 'stock private'
Du Pont
William Taft
Marketing
Leveraged Buyout
18. Corporate offices
Decentralized Management
Mass Industry
Consumer Durables
Welfare Capitalism
19. Urged the gov't to control the money supply in order to control inflation.
Marketing
Monetarism
Gilded Age
Union Shop
20. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Welfare Capitalism
Ralph Nader
Progressivism
Military Industrial Complex
21. Sec. of Treasury under lincoln. Father of national Banking system.
Business Bureaucracies
Glass Ceiling
Salmon Chase
Military Industrial Complex 2
22. Few companies combines forces to control production of sale of a product.
Marshall Plan
Civil War
New Individualism
Horizontal Integration
23. Sears.
Montgomery Ward
Closed Shop
Gilded Age
Mass Industry
24. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Marketing
Business Bureaucracies
Deregulation
Currency
25. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Open Shop
Franklin Roosevelt
Green Backs
26. Companies had the right to manage. Union leaders.
Marketing
Stagflation
Taft Hartley Act
Keynes Economic Theory
27. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Oligopoly
Marshall Plan
Sherman Anti-Trust Act
Franklin Roosevelt
28. Business leaders sought to achieve cooperation among business - labor and government.
Francis Kellor
Functional Departmentalization
Corporatism
Booming American Automobile Industry
29. Goal was to represent the interests of American business in general.
Taft Hartley Act
Gilded Age
Welfare Capitalism
U.S Chamber of Commerce
30. Sought to break up the control of big business to create more opportunities.
Organization of Petroleum Exporting Countries
Richard T. Ely
Populism
Decentralized Management
31. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Post-Industrial Economy
The Great Depression
Laissez Faire
Progressivism
32. Most women were stalled at middle management levels.
Glass Ceiling
Ralph Nader
Mircosoft
Hepburn Act
33. Worlds largest provider of computer software for desktops.
Vertical Integration
Mircosoft
Richard T. Ely
Franchisor
34. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Oligopoly
Open Prices
John D. Rockafeller
Industrial Democracy
35. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
John D. Rockafeller
Civil Rights Act
The Great Depression
Trade
36. Promote economic recovery in Europe.
Progressivism
Union Shop
Marshall Plan
Sears
37. Provided national advertising and mass production
U.S Chamber of Commerce
Glass Ceiling
Montgomery Ward
Franchisor
38. GM - Ford - and Chrysler dominated the market. GM=50% share
Vertical Integration
Administrative pricing
Military Industrial Complex 2
Booming American Automobile Industry
39. Oil refining business. He was the first billionaire.
John D. Rockafeller
Closed Shop
Decentralized Management
Industrial Policy
40. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
John D. Rockafeller
Salmon Chase
Anti-trust Policy
Corporation
41. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Associative State
Corporate Management
Mann-Elkins Act
Horizontal Integration
42. Items purchased by consumers for use over more than a year or two.
Ralph Nader
Consumer Durables
Leveraged Buyout
Horizontal Integration
43. Worked divided by specific tasks. i.e. accounting - production - ect.
Du Pont
Functional Departmentalization
Military Industrial Complex
Industrial Democracy
44. Set of values that placed a higher priority on the use of good than on their production.
Horizontal Integration
Disposable Income
Consumerism
Green Backs
45. Paper currency issued by the government to finance to civil war.
Green Backs
Marketing
Salmon Chase
Conglomerates
46. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Military Industrial Complex 2
Corporate Management
Bill Gates - Paul Allen
47. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Montgomery Ward
Managerial Revolution
University of PA
48. Gold drain; exchange rates; free floating
Civil War
Most Favorited Nation
Currency
Civil Rights Act
49. Congress established a national banking system.
Marshall Plan
Hepburn Act
Civil War
Open Prices
50. Most favored nation. Trade barriers raised.
Franchisee
Mann-Elkins Act
Trade
Richard T. Ely