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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. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Civil Rights Act
Bill Gates - Paul Allen
Post-Industrial Economy
Richard T. Ely
2. 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
Economic Prosperity
Civil Rights Act
Administrative pricing
3. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Industrial Policy
Mass Industry
Marketing
Military Industrial Complex
4. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Populism
Post-Industrial Economy
Hepburn Act
5. Congress established a national banking system.
Hostile Takeover
Ralph Nader
Civil War
Social Responsibility
6. Programs intended to stabilize the economy while maintaining individual autonomy.
Corporate Management
Business Bureaucracies
Mass Industry
Associative State
7. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Populism
Military Industrial Complex 2
Glass Ceiling
University of PA
8. Business - not independent trade unions should look after the best interest of the workers.
Conglomerates
Civil War
Andrew Carnegie
Welfare Capitalism
9. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Corporatism
Oligopoly
Progressivism
10. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Bill Gates - Paul Allen
Mann-Elkins Act
Monetarism
Progressivism
11. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Civil Rights Act
Social Responsibility
Military Industrial Complex 2
Franklin Roosevelt
12. Reduction in diversification. Reduction in layers of management.
Francis Kellor
Booming American Automobile Industry
NAFTA
Consequences of Mergers
13. Free trade between US - Canada - Mexico
Military Industrial Complex 2
NAFTA
Deregulation
Open Prices
14. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Du Pont
Currency
Ralph Nader
Open Prices
15. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Henry Ford
Open Prices
Taft Hartley Act
16. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Currency
Oligopoly
Administrative pricing
Gilded Age
17. Worked divided by specific tasks. i.e. accounting - production - ect.
Military Industrial Complex
Functional Departmentalization
The Great Depression
Employment & Production Act
18. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Open Shop
Marketing
Ralph Nader
Frederick Taylor
19. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Business Bureaucracies
Industrial Policy
Civil Rights Act
Closed Shop
20. Corporate offices
Military Industrial Complex 2
Decentralized Management
Frederick Taylor
1913 Federal Reserve Board
21. Committed her life to social reform - immigrant committee
Vertical Integration
Civil Rights Act
Sears
Francis Kellor
22. Oil refining business. He was the first billionaire.
Frederick Taylor
Mircosoft
John D. Rockafeller
The Great Depression
23. First college of business.
Gilded Age
University of PA
Francis Kellor
Oligopoly
24. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Military Industrial Complex
Post-Industrial Economy
Frederick Taylor
Mass Industry
25. Dominated the retail industry by mail order only selling.
Deregulation
Civil Rights Act
Progressivism
Sears
26. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Horizontal Integration
Taft Hartley Act
Social Responsibility
Corporation
27. President. Standard oil - american tobacco - us steel.
Frederick Taylor
Montgomery Ward
Administrative pricing
William Taft
28. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Mann-Elkins Act
Mass Industry
Glass Ceiling
29. Sears.
Montgomery Ward
Employment & Production Act
Conglomerates
Welfare Capitalism
30. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Industrial Democracy
1913 Federal Reserve Board
Gilded Age
31. Most women were stalled at middle management levels.
Most Favorited Nation
Ralph Nader
Glass Ceiling
Open Prices
32. Promote economic recovery in Europe.
Taft Hartley Act
Industrial Policy
Marshall Plan
Business Bureaucracies
33. Items purchased by consumers for use over more than a year or two.
U.S Chamber of Commerce
University of PA
Military Industrial Complex
Consumer Durables
34. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
The Great Depression
Industrial Policy
Vertical Integration
35. Worlds largest provider of computer software for desktops.
Mircosoft
Progressivism
Conglomerates
Organization of Petroleum Exporting Countries
36. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Open Prices
Civil Rights Act
William Taft
37. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Gilded Age
Industrial Policy
Conglomerates
38. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Decentralized Management
Herbert Hoover
William Taft
39. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Sears
Economic Prosperity
Marketing
Open Prices
40. Use of stock tender to offer to buy a company that did not want to sell.
Consumerism
The Great Depression
Hostile Takeover
University of PA
41. Companies had the right to manage. Union leaders.
University of PA
Taft Hartley Act
Andrew Carnegie
Booming American Automobile Industry
42. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Corporation
University of PA
Currency
The Great Depression
43. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Green Backs
Business Bureaucracies
Corporate Management
Welfare Capitalism
44. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Keynes Economic Theory
Union Shop
Henry Ford
Business Bureaucracies
45. Setting of prices by mangers of large firms.
Administrative pricing
Welfare Capitalism
Progressivism
Hostile Takeover
46. Let the people do as they please
Consumerism
Corporate Management
Laissez Faire
Glass Ceiling
47. Urged the gov't to control the money supply in order to control inflation.
Progressivism
Industrial Democracy
Monetarism
Civil Rights Act
48. Creators of Microsoft
Closed Shop
Ralph Nader
Bill Gates - Paul Allen
Open Shop
49. 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.
William Taft
Marketing
1913 Federal Reserve Board
Business Bureaucracies
50. Employers can hire whoever they want. Both union and non union.
New Individualism
Glass Ceiling
Open Shop
Administrative pricing