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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. Most women were stalled at middle management levels.
Associative State
Consequences of Mergers
Deregulation
Glass Ceiling
2. Inflation continued in the absence of robust economic growth.
Booming American Automobile Industry
New Individualism
Stagflation
Sherman Anti-Trust Act
3. Employers can hire whoever they want. Both union and non union.
Salmon Chase
Frederick Taylor
Open Shop
1913 Federal Reserve Board
4. Corporate offices
Union Shop
Civil War
Employment & Production Act
Decentralized Management
5. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Franchisor
Francis Kellor
Anti-trust Policy
6. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex
Frederick Taylor
NAFTA
Taft Hartley Act
7. Income people could do with as the pleased.
Disposable Income
Progressivism
Frederick Taylor
Green Backs
8. Companies had the right to manage. Union leaders.
Open Prices
Corporation
Taft Hartley Act
Franchisor
9. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Disposable Income
Sears
Bank Holidays
Consumer Durables
10. Set of values that placed a higher priority on the use of good than on their production.
Hepburn Act
Consumerism
Vertical Integration
Mass Industry
11. 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.
Glass Ceiling
Herbert Hoover
Marketing
John D. Rockafeller
12. Sears.
Managerial Revolution
Decentralized Management
Welfare Capitalism
Montgomery Ward
13. 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.
Richard T. Ely
Currency
Frederick Taylor
William Taft
14. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Stagflation
Hostile Takeover
Administrative pricing
15. Urged the gov't to control the money supply in order to control inflation.
Sears
Associative State
Monetarism
Welfare Capitalism
16. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Taft Hartley Act
Marketing
Civil War
Military Industrial Complex 2
17. Provided national advertising and mass production
Progressivism
Montgomery Ward
Herbert Hoover
Franchisor
18. Free trade between US - Canada - Mexico
Keynes Economic Theory
Gilded Age
Corporate Management
NAFTA
19. Formalized business practices by standardized management practices.
Vertical Integration
Herbert Hoover
Managerial Revolution
1913 Federal Reserve Board
20. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Salmon Chase
Anti-trust Policy
Ralph Nader
Marketing
21. Interstate Commerce Commission was strengthened. Regulated rates.
Taft Hartley Act
Hepburn Act
Franchisor
Consequences of Mergers
22. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Mircosoft
Industrial Democracy
Corporate Management
Ralph Nader
23. Items purchased by consumers for use over more than a year or two.
Consumerism
Post-Industrial Economy
Booming American Automobile Industry
Consumer Durables
24. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Industrial Democracy
Economic Prosperity
Keynes Economic Theory
Welfare Capitalism
25. Committed her life to social reform - immigrant committee
Laissez Faire
Deregulation
Anti-trust Policy
Francis Kellor
26. Oil refining business. He was the first billionaire.
Disposable Income
Leveraged Buyout
Consumerism
John D. Rockafeller
27. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Decentralized Management
Military Industrial Complex
Progressivism
28. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Most Favorited Nation
Union Shop
Business Bureaucracies
Stagflation
29. Use borrowed money to buy company. Sometimes used to take 'stock private'
Frederick Taylor
Marketing
Functional Departmentalization
Leveraged Buyout
30. Business leaders sought to achieve cooperation among business - labor and government.
Vertical Integration
Civil Rights Act
Currency
Corporatism
31. A few firms dominate an industry. Price competition decreased.
Most Favorited Nation
Industrial Democracy
Oligopoly
Social Responsibility
32. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Andrew Carnegie
Deregulation
John D. Rockafeller
Progressivism
33. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Associative State
Consumerism
Marshall Plan
34. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
John D. Rockafeller
Corporation
Conglomerates
Ralph Nader
35. Sought to break up the control of big business to create more opportunities.
Deregulation
Populism
Marshall Plan
Hepburn Act
36. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Montgomery Ward
Francis Kellor
Open Prices
37. First college of business.
Progressivism
Administrative pricing
University of PA
New Individualism
38. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Andrew Carnegie
William Taft
Disposable Income
39. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Hostile Takeover
Union Shop
Bank Holidays
John D. Rockafeller
40. President. Standard oil - american tobacco - us steel.
University of PA
William Taft
Associative State
Franklin Roosevelt
41. Dominated the retail industry by mail order only selling.
Sears
Mass Industry
U.S Chamber of Commerce
Ralph Nader
42. Most favored nation. Trade barriers raised.
Glass Ceiling
Trade
Deregulation
Marketing
43. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Administrative pricing
Franklin Roosevelt
Corporation
Frederick Taylor
44. Goal was to represent the interests of American business in general.
Franchisor
U.S Chamber of Commerce
Decentralized Management
Mann-Elkins Act
45. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Mann-Elkins Act
Richard T. Ely
Hepburn Act
New Individualism
46. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Consumer Durables
Open Prices
Deregulation
47. Worlds largest provider of computer software for desktops.
Disposable Income
Monetarism
Mircosoft
Consumer Durables
48. Paper currency issued by the government to finance to civil war.
Industrial Policy
Decentralized Management
Green Backs
Franklin Roosevelt
49. Control all aspects of an industry from raw materials to retail.
Progressivism
Associative State
Vertical Integration
John D. Rockafeller
50. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Richard T. Ely
Populism
Organization of Petroleum Exporting Countries
Marketing