SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Interstate Commerce Commission was strengthened. Regulated rates.
Booming American Automobile Industry
Horizontal Integration
Hepburn Act
Glass Ceiling
2. Programs intended to stabilize the economy while maintaining individual autonomy.
Currency
Herbert Hoover
Military Industrial Complex 2
Associative State
3. Inflation continued in the absence of robust economic growth.
Glass Ceiling
Consumerism
Open Shop
Stagflation
4. Burden of proof to raise rates was now the responsibility of the railroads.
Corporatism
Open Prices
Mann-Elkins Act
Corporate Management
5. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Frederick Taylor
Most Favorited Nation
Social Responsibility
Vertical Integration
6. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Corporation
Taft Hartley Act
Frederick Taylor
7. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Corporate Management
Salmon Chase
Sears
8. Panic of 1907 - 5 members - foreign transactions went through NY.
Franchisor
Administrative pricing
1913 Federal Reserve Board
Vertical Integration
9. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Conglomerates
Social Responsibility
Ralph Nader
Civil War
10. Gold drain; exchange rates; free floating
Currency
Mass Industry
New Individualism
Hepburn Act
11. Most favored nation. Trade barriers raised.
Trade
Salmon Chase
Hostile Takeover
Social Responsibility
12. Started as a gun powder company - Rate of return.
Union Shop
Marketing
Du Pont
Laissez Faire
13. Use borrowed money to buy company. Sometimes used to take 'stock private'
Social Responsibility
Leveraged Buyout
Vertical Integration
Herbert Hoover
14. Developed the assembly line. Anti Union. Model T.
University of PA
Henry Ford
Laissez Faire
Associative State
15. Business leaders sought to achieve cooperation among business - labor and government.
Vertical Integration
Organization of Petroleum Exporting Countries
Corporatism
Military Industrial Complex
16. Provided national advertising and mass production
Franchisor
Marshall Plan
Sherman Anti-Trust Act
Organization of Petroleum Exporting Countries
17. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Franchisor
Trade
Andrew Carnegie
18. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Union Shop
Montgomery Ward
Trade
19. 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.
Frederick Taylor
Business Bureaucracies
Deregulation
Booming American Automobile Industry
20. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Industrial Policy
Franchisee
Monetarism
21. Promote economic recovery in Europe.
Corporatism
Frederick Taylor
Consumer Durables
Marshall Plan
22. A few firms dominate an industry. Price competition decreased.
Marketing
Gilded Age
Currency
Oligopoly
23. Creators of Microsoft
Bill Gates - Paul Allen
Marketing
Disposable Income
University of PA
24. Setting of prices by mangers of large firms.
Administrative pricing
Social Responsibility
Military Industrial Complex
Vertical Integration
25. Alliance among public agencies - private firms and trade associations to handle international competitions.
Marketing
Decentralized Management
Business Bureaucracies
Industrial Policy
26. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Civil War
Salmon Chase
Ralph Nader
27. President. Standard oil - american tobacco - us steel.
Civil Rights Act
Vertical Integration
Hostile Takeover
William Taft
28. Congress established a national banking system.
Civil War
NAFTA
Associative State
Consequences of Mergers
29. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Stagflation
Du Pont
New Individualism
30. Companies had the right to manage. Union leaders.
Taft Hartley Act
Hepburn Act
Monetarism
Herbert Hoover
31. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Monetarism
Post-Industrial Economy
Closed Shop
Organization of Petroleum Exporting Countries
32. Set of values that placed a higher priority on the use of good than on their production.
Marshall Plan
Bill Gates - Paul Allen
Consumerism
Richard T. Ely
33. Employers can hire whoever they want. Both union and non union.
Conglomerates
Open Shop
Bill Gates - Paul Allen
Civil War
34. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Herbert Hoover
Industrial Democracy
Corporate Management
Civil Rights Act
35. Worked divided by specific tasks. i.e. accounting - production - ect.
Corporate Management
Business Bureaucracies
Functional Departmentalization
Employment & Production Act
36. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Consumerism
Francis Kellor
Vertical Integration
37. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Consumer Durables
Open Prices
Mann-Elkins Act
Most Favorited Nation
38. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Open Prices
Sherman Anti-Trust Act
Civil Rights Act
39. Committed her life to social reform - immigrant committee
Glass Ceiling
Keynes Economic Theory
Francis Kellor
Social Responsibility
40. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Frederick Taylor
Franchisee
Deregulation
Managerial Revolution
41. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Military Industrial Complex
Richard T. Ely
Andrew Carnegie
Economic Prosperity
42. Worlds largest provider of computer software for desktops.
Populism
Franchisor
Mircosoft
Military Industrial Complex
43. First college of business.
Civil Rights Act
University of PA
Consumer Durables
Associative State
44. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Ralph Nader
Disposable Income
Administrative pricing
45. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
William Taft
U.S Chamber of Commerce
Marketing
46. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Montgomery Ward
Civil Rights Act
Herbert Hoover
John D. Rockafeller
47. Formalized business practices by standardized management practices.
Franchisor
Corporatism
Managerial Revolution
Industrial Democracy
48. Let the people do as they please
Ralph Nader
Post-Industrial Economy
Civil War
Laissez Faire
49. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Glass Ceiling
University of PA
Associative State
50. Business - not independent trade unions should look after the best interest of the workers.
Corporation
Union Shop
Du Pont
Welfare Capitalism