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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. 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
Post-Industrial Economy
Welfare Capitalism
Gilded Age
2. Sought to break up the control of big business to create more opportunities.
Corporate Management
Decentralized Management
Populism
Trade
3. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Industrial Democracy
Open Prices
Anti-trust Policy
William Taft
4. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Stagflation
Salmon Chase
Marketing
Mass Industry
5. Programs intended to stabilize the economy while maintaining individual autonomy.
Montgomery Ward
Mircosoft
Consumerism
Associative State
6. Corporate offices
Decentralized Management
Social Responsibility
Consumerism
Booming American Automobile Industry
7. 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.
Mircosoft
Marketing
Sherman Anti-Trust Act
Civil Rights Act
8. First college of business.
University of PA
Union Shop
Most Favorited Nation
Franchisee
9. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Andrew Carnegie
Organization of Petroleum Exporting Countries
Civil Rights Act
Social Responsibility
10. Alliance among public agencies - private firms and trade associations to handle international competitions.
Frederick Taylor
Industrial Policy
Deregulation
Du Pont
11. Formalized business practices by standardized management practices.
Bill Gates - Paul Allen
Managerial Revolution
Consumerism
Oligopoly
12. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Consumer Durables
Deregulation
NAFTA
13. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Booming American Automobile Industry
Organization of Petroleum Exporting Countries
Civil War
Conglomerates
14. Started as a gun powder company - Rate of return.
Deregulation
Civil War
Conglomerates
Du Pont
15. Worlds largest provider of computer software for desktops.
Mircosoft
Currency
Francis Kellor
New Individualism
16. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Franklin Roosevelt
Industrial Policy
Business Bureaucracies
17. Oil refining business. He was the first billionaire.
Du Pont
Stagflation
John D. Rockafeller
Booming American Automobile Industry
18. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Mann-Elkins Act
Military Industrial Complex 2
Vertical Integration
Frederick Taylor
19. Worked divided by specific tasks. i.e. accounting - production - ect.
Bill Gates - Paul Allen
Du Pont
Functional Departmentalization
Conglomerates
20. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Mircosoft
Sherman Anti-Trust Act
Keynes Economic Theory
Taft Hartley Act
21. Sec. of Treasury under lincoln. Father of national Banking system.
Trade
Salmon Chase
Franchisor
New Individualism
22. Urged the gov't to control the money supply in order to control inflation.
Sears
1913 Federal Reserve Board
William Taft
Monetarism
23. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Consumer Durables
Keynes Economic Theory
Richard T. Ely
Economic Prosperity
24. Burden of proof to raise rates was now the responsibility of the railroads.
Consumerism
Mann-Elkins Act
Most Favorited Nation
Business Bureaucracies
25. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Open Prices
Anti-trust Policy
Marketing
Deregulation
26. Provided national advertising and mass production
Decentralized Management
Franchisor
Francis Kellor
Anti-trust Policy
27. Few companies combines forces to control production of sale of a product.
Franchisor
Horizontal Integration
Marketing
U.S Chamber of Commerce
28. Employers can hire whoever they want. Both union and non union.
Business Bureaucracies
Open Shop
Booming American Automobile Industry
Social Responsibility
29. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Leveraged Buyout
The Great Depression
Gilded Age
Decentralized Management
30. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Green Backs
Mann-Elkins Act
Corporate Management
31. Paper currency issued by the government to finance to civil war.
Trade
Green Backs
Franklin Roosevelt
NAFTA
32. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Union Shop
Marshall Plan
Corporate Management
Anti-trust Policy
33. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
U.S Chamber of Commerce
Ralph Nader
Montgomery Ward
Anti-trust Policy
34. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Welfare Capitalism
Managerial Revolution
Bill Gates - Paul Allen
Union Shop
35. Items purchased by consumers for use over more than a year or two.
Herbert Hoover
Consequences of Mergers
Consumer Durables
Economic Prosperity
36. Committed her life to social reform - immigrant committee
Bank Holidays
1913 Federal Reserve Board
Francis Kellor
Trade
37. Dominated the retail industry by mail order only selling.
Monetarism
Sears
Herbert Hoover
Military Industrial Complex
38. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Marketing
NAFTA
Conglomerates
Glass Ceiling
39. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Laissez Faire
Business Bureaucracies
Industrial Democracy
Mass Industry
40. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Mann-Elkins Act
Montgomery Ward
Business Bureaucracies
Green Backs
41. Workers would enjoy the rights of association and the ability to influence wage levels.
Booming American Automobile Industry
Frederick Taylor
Industrial Democracy
Marketing
42. Developed the assembly line. Anti Union. Model T.
Civil War
Henry Ford
Industrial Policy
Consequences of Mergers
43. Congress established a national banking system.
Salmon Chase
Leveraged Buyout
Mircosoft
Civil War
44. Promote economic recovery in Europe.
Leveraged Buyout
Corporatism
Gilded Age
Marshall Plan
45. Could only hire union workers. Illegal
Civil Rights Act
Business Bureaucracies
Closed Shop
Franchisee
46. Set of values that placed a higher priority on the use of good than on their production.
Sherman Anti-Trust Act
Marketing
Associative State
Consumerism
47. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex
Most Favorited Nation
Salmon Chase
Managerial Revolution
48. Most women were stalled at middle management levels.
Business Bureaucracies
Glass Ceiling
Green Backs
NAFTA
49. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Laissez Faire
New Individualism
Union Shop
Mann-Elkins Act
50. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Taft Hartley Act
Civil Rights Act
Consumer Durables
Sherman Anti-Trust Act