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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. Burden of proof to raise rates was now the responsibility of the railroads.
Managerial Revolution
Bank Holidays
Industrial Democracy
Mann-Elkins Act
2. Most favored nation. Trade barriers raised.
Trade
Sherman Anti-Trust Act
Hostile Takeover
Social Responsibility
3. Transportation. Airline Act. Rail Act. Motor Carrier Act.
New Individualism
Progressivism
Deregulation
Anti-trust Policy
4. Committed her life to social reform - immigrant committee
Francis Kellor
Leveraged Buyout
Consumerism
Oligopoly
5. Formalized business practices by standardized management practices.
Managerial Revolution
Currency
Salmon Chase
Frederick Taylor
6. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Oligopoly
Military Industrial Complex 2
Corporate Management
Populism
7. Oil refining business. He was the first billionaire.
John D. Rockafeller
Glass Ceiling
Consequences of Mergers
Military Industrial Complex
8. Free trade between US - Canada - Mexico
NAFTA
Populism
Social Responsibility
Laissez Faire
9. Developed the assembly line. Anti Union. Model T.
Gilded Age
Henry Ford
Bank Holidays
Consumer Durables
10. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Keynes Economic Theory
Hostile Takeover
Taft Hartley Act
Open Prices
11. Congress established a national banking system.
The Great Depression
Social Responsibility
Associative State
Civil War
12. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Monetarism
Corporation
Franchisee
Marketing
13. Corporate offices
Green Backs
Conglomerates
Welfare Capitalism
Decentralized Management
14. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Sherman Anti-Trust Act
Open Prices
Deregulation
Social Responsibility
15. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Consequences of Mergers
New Individualism
Bank Holidays
Glass Ceiling
16. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Francis Kellor
Open Shop
Bill Gates - Paul Allen
17. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Hepburn Act
Consumerism
The Great Depression
Franchisor
18. Goal was to represent the interests of American business in general.
Populism
U.S Chamber of Commerce
Consumer Durables
Civil War
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.
Gilded Age
Ralph Nader
Civil Rights Act
Frederick Taylor
20. Could only hire union workers. Illegal
Open Prices
Corporation
Decentralized Management
Closed Shop
21. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Leveraged Buyout
Oligopoly
Vertical Integration
Gilded Age
22. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Functional Departmentalization
Monetarism
Employment & Production Act
NAFTA
23. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Associative State
Corporation
Salmon Chase
24. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Corporate Management
Salmon Chase
Union Shop
25. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Welfare Capitalism
Employment & Production Act
Business Bureaucracies
Sherman Anti-Trust Act
26. President. Standard oil - american tobacco - us steel.
Employment & Production Act
Open Shop
William Taft
Populism
27. Companies had the right to manage. Union leaders.
Conglomerates
Oligopoly
Bill Gates - Paul Allen
Taft Hartley Act
28. Inflation continued in the absence of robust economic growth.
Marshall Plan
Herbert Hoover
Stagflation
Bank Holidays
29. Employers can hire whoever they want. Both union and non union.
Populism
Open Shop
Civil War
Green Backs
30. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
NAFTA
Du Pont
William Taft
31. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Welfare Capitalism
Conglomerates
Consumerism
32. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Hostile Takeover
Business Bureaucracies
Glass Ceiling
John D. Rockafeller
33. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Franchisor
Salmon Chase
Horizontal Integration
34. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Associative State
1913 Federal Reserve Board
Du Pont
35. Few companies combines forces to control production of sale of a product.
Industrial Democracy
Disposable Income
Horizontal Integration
Corporate Management
36. Set of values that placed a higher priority on the use of good than on their production.
Closed Shop
Consumerism
Marketing
Gilded Age
37. Use of stock tender to offer to buy a company that did not want to sell.
Welfare Capitalism
Du Pont
Hostile Takeover
Anti-trust Policy
38. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
NAFTA
Gilded Age
Conglomerates
Hepburn Act
39. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Salmon Chase
Franchisor
Corporatism
40. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Bill Gates - Paul Allen
Union Shop
Consumer Durables
Keynes Economic Theory
41. Sought to break up the control of big business to create more opportunities.
Populism
Industrial Policy
Keynes Economic Theory
William Taft
42. Promote economic recovery in Europe.
Social Responsibility
Marshall Plan
1913 Federal Reserve Board
Henry Ford
43. Items purchased by consumers for use over more than a year or two.
Anti-trust Policy
Franchisor
Industrial Democracy
Consumer Durables
44. First college of business.
Stagflation
Andrew Carnegie
University of PA
NAFTA
45. Interstate Commerce Commission was strengthened. Regulated rates.
Civil Rights Act
Richard T. Ely
Sears
Hepburn Act
46. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Ralph Nader
Francis Kellor
Marketing
47. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Frederick Taylor
Richard T. Ely
Hepburn Act
Stagflation
48. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Most Favorited Nation
Organization of Petroleum Exporting Countries
Progressivism
Green Backs
49. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Economic Prosperity
Booming American Automobile Industry
Bill Gates - Paul Allen
Andrew Carnegie
50. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Closed Shop
Corporatism
Sherman Anti-Trust Act
Union Shop