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Test your basic knowledge |
Management 101: Business History
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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. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Franchisor
Taft Hartley Act
Business Bureaucracies
The Great Depression
2. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Vertical Integration
Glass Ceiling
Andrew Carnegie
3. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Glass Ceiling
Gilded Age
Consumer Durables
Trade
4. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Closed Shop
Sears
Industrial Democracy
The Great Depression
5. Paper currency issued by the government to finance to civil war.
Anti-trust Policy
Green Backs
Consequences of Mergers
The Great Depression
6. Started as a gun powder company - Rate of return.
Marketing
Du Pont
Frederick Taylor
Taft Hartley Act
7. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Richard T. Ely
Mass Industry
Andrew Carnegie
Horizontal Integration
8. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Franklin Roosevelt
Marketing
Richard T. Ely
Administrative pricing
9. Control all aspects of an industry from raw materials to retail.
Oligopoly
Franchisor
Glass Ceiling
Vertical Integration
10. Sears.
Decentralized Management
Populism
Military Industrial Complex 2
Montgomery Ward
11. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Keynes Economic Theory
Union Shop
Bank Holidays
Franchisee
12. Most favored nation. Trade barriers raised.
Frederick Taylor
Deregulation
Trade
John D. Rockafeller
13. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Bill Gates - Paul Allen
Franchisor
Monetarism
14. Use of stock tender to offer to buy a company that did not want to sell.
Deregulation
Richard T. Ely
Welfare Capitalism
Hostile Takeover
15. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
U.S Chamber of Commerce
Richard T. Ely
Horizontal Integration
16. Workers would enjoy the rights of association and the ability to influence wage levels.
Herbert Hoover
Associative State
Industrial Democracy
Franchisee
17. Inflation continued in the absence of robust economic growth.
Bank Holidays
Stagflation
Marshall Plan
Civil War
18. Few companies combines forces to control production of sale of a product.
Social Responsibility
Mann-Elkins Act
Bill Gates - Paul Allen
Horizontal Integration
19. Items purchased by consumers for use over more than a year or two.
Frederick Taylor
Du Pont
Consumer Durables
Consumerism
20. First college of business.
Economic Prosperity
Sherman Anti-Trust Act
University of PA
Welfare Capitalism
21. Formalized business practices by standardized management practices.
Managerial Revolution
Business Bureaucracies
Laissez Faire
William Taft
22. Corporate offices
NAFTA
Oligopoly
Andrew Carnegie
Decentralized Management
23. GM - Ford - and Chrysler dominated the market. GM=50% share
Du Pont
Marketing
The Great Depression
Booming American Automobile Industry
24. Companies had the right to manage. Union leaders.
Oligopoly
Monetarism
Taft Hartley Act
Andrew Carnegie
25. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Francis Kellor
Booming American Automobile Industry
Progressivism
Franchisor
26. Burden of proof to raise rates was now the responsibility of the railroads.
The Great Depression
Salmon Chase
Herbert Hoover
Mann-Elkins Act
27. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Military Industrial Complex
Deregulation
Business Bureaucracies
Bank Holidays
28. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Anti-trust Policy
Keynes Economic Theory
Welfare Capitalism
Sherman Anti-Trust Act
29. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Bank Holidays
Corporatism
Henry Ford
30. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Stagflation
Progressivism
Organization of Petroleum Exporting Countries
Glass Ceiling
31. Developed the assembly line. Anti Union. Model T.
Henry Ford
Corporate Management
NAFTA
Gilded Age
32. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Closed Shop
Taft Hartley Act
Corporate Management
33. Urged the gov't to control the money supply in order to control inflation.
University of PA
1913 Federal Reserve Board
Monetarism
Corporation
34. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Booming American Automobile Industry
Conglomerates
Hostile Takeover
Hepburn Act
35. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Vertical Integration
New Individualism
Open Shop
36. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Deregulation
Keynes Economic Theory
Open Prices
Functional Departmentalization
37. Dominated the retail industry by mail order only selling.
Sears
Mann-Elkins Act
NAFTA
Employment & Production Act
38. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Open Prices
Laissez Faire
Franchisor
Civil Rights Act
39. Let the people do as they please
Leveraged Buyout
U.S Chamber of Commerce
Laissez Faire
Mircosoft
40. Sec. of Treasury under lincoln. Father of national Banking system.
Conglomerates
Salmon Chase
Monetarism
NAFTA
41. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Economic Prosperity
Franchisee
Herbert Hoover
Populism
42. Sought to break up the control of big business to create more opportunities.
Populism
Mann-Elkins Act
Salmon Chase
Employment & Production Act
43. 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.
Conglomerates
Marketing
Open Shop
Sherman Anti-Trust Act
44. American firms were poised to dominate economic activity in a system of free trade.
Most Favorited Nation
Economic Prosperity
Ralph Nader
Corporation
45. Defense department became a significant source for scientific and engineering. Led by private firms and university.
University of PA
Military Industrial Complex
Closed Shop
Sears
46. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Open Prices
Employment & Production Act
Laissez Faire
Managerial Revolution
47. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Deregulation
Managerial Revolution
1913 Federal Reserve Board
48. Gold drain; exchange rates; free floating
Currency
Henry Ford
Hepburn Act
Post-Industrial Economy
49. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Henry Ford
Keynes Economic Theory
Organization of Petroleum Exporting Countries
Corporation
50. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Civil Rights Act
Most Favorited Nation
Horizontal Integration
Keynes Economic Theory