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Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Civil War
Booming American Automobile Industry
Conglomerates
Horizontal Integration
2. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
New Individualism
Andrew Carnegie
Open Prices
Bank Holidays
3. 1929 stock market crashed
Sherman Anti-Trust Act
Economic Prosperity
Herbert Hoover
Managerial Revolution
4. Most women were stalled at middle management levels.
Herbert Hoover
Hepburn Act
Glass Ceiling
Open Shop
5. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Open Shop
New Individualism
Franchisor
Union Shop
6. American firms were poised to dominate economic activity in a system of free trade.
Hostile Takeover
Keynes Economic Theory
Economic Prosperity
Franchisor
7. Income people could do with as the pleased.
Keynes Economic Theory
U.S Chamber of Commerce
Disposable Income
Sears
8. Setting of prices by mangers of large firms.
Taft Hartley Act
Richard T. Ely
Civil Rights Act
Administrative pricing
9. Provided national advertising and mass production
Military Industrial Complex
Hostile Takeover
Franchisor
Montgomery Ward
10. Worlds largest provider of computer software for desktops.
Mass Industry
Mircosoft
Frederick Taylor
Trade
11. Could only hire union workers. Illegal
Organization of Petroleum Exporting Countries
Anti-trust Policy
Closed Shop
Salmon Chase
12. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Associative State
Bank Holidays
Marketing
13. Burden of proof to raise rates was now the responsibility of the railroads.
Business Bureaucracies
Mann-Elkins Act
Industrial Policy
Bill Gates - Paul Allen
14. Free trade between US - Canada - Mexico
Sears
Marketing
NAFTA
Social Responsibility
15. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Sherman Anti-Trust Act
Bill Gates - Paul Allen
Disposable Income
16. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Taft Hartley Act
Corporatism
Consequences of Mergers
17. Started as a gun powder company - Rate of return.
Monetarism
Du Pont
Associative State
Marketing
18. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Corporation
Sherman Anti-Trust Act
Industrial Democracy
Booming American Automobile Industry
19. Business - not independent trade unions should look after the best interest of the workers.
Administrative pricing
Sears
Welfare Capitalism
Taft Hartley Act
20. First college of business.
Closed Shop
Vertical Integration
Military Industrial Complex
University of PA
21. President. Standard oil - american tobacco - us steel.
Corporation
Mann-Elkins Act
William Taft
Consequences of Mergers
22. Set of values that placed a higher priority on the use of good than on their production.
Stagflation
Civil Rights Act
Social Responsibility
Consumerism
23. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
University of PA
Hostile Takeover
Post-Industrial Economy
24. Oil refining business. He was the first billionaire.
John D. Rockafeller
Bill Gates - Paul Allen
Ralph Nader
1913 Federal Reserve Board
25. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Organization of Petroleum Exporting Countries
Ralph Nader
Military Industrial Complex
Economic Prosperity
26. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Green Backs
Booming American Automobile Industry
Organization of Petroleum Exporting Countries
Disposable Income
27. Use borrowed money to buy company. Sometimes used to take 'stock private'
Laissez Faire
Anti-trust Policy
John D. Rockafeller
Leveraged Buyout
28. Reduction in diversification. Reduction in layers of management.
Montgomery Ward
Consequences of Mergers
Keynes Economic Theory
University of PA
29. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Military Industrial Complex 2
Marketing
Stagflation
30. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Union Shop
Disposable Income
Glass Ceiling
31. Sears.
Consumerism
Business Bureaucracies
Mann-Elkins Act
Montgomery Ward
32. Promote economic recovery in Europe.
Organization of Petroleum Exporting Countries
Decentralized Management
Marshall Plan
Gilded Age
33. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
U.S Chamber of Commerce
Herbert Hoover
Franklin Roosevelt
34. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Civil Rights Act
Franklin Roosevelt
John D. Rockafeller
New Individualism
35. Control all aspects of an industry from raw materials to retail.
Administrative pricing
Laissez Faire
Leveraged Buyout
Vertical Integration
36. Use of stock tender to offer to buy a company that did not want to sell.
Civil Rights Act
Hostile Takeover
Civil War
Post-Industrial Economy
37. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Vertical Integration
Union Shop
William Taft
38. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Economic Prosperity
Taft Hartley Act
Corporate Management
Employment & Production Act
39. Companies had the right to manage. Union leaders.
Taft Hartley Act
Industrial Democracy
Franklin Roosevelt
Vertical Integration
40. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Salmon Chase
Deregulation
Mircosoft
Bill Gates - Paul Allen
41. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Hepburn Act
Consumer Durables
NAFTA
Corporation
42. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Conglomerates
Laissez Faire
Employment & Production Act
43. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
The Great Depression
Mass Industry
Keynes Economic Theory
44. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
John D. Rockafeller
Corporate Management
Decentralized Management
Welfare Capitalism
45. Developed the assembly line. Anti Union. Model T.
Oligopoly
Civil Rights Act
Marketing
Henry Ford
46. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Civil Rights Act
Union Shop
Associative State
47. Gold drain; exchange rates; free floating
Taft Hartley Act
Franklin Roosevelt
Currency
Henry Ford
48. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Industrial Policy
Sears
Business Bureaucracies
49. Sought to break up the control of big business to create more opportunities.
Glass Ceiling
Open Prices
Populism
Francis Kellor
50. Creators of Microsoft
Military Industrial Complex 2
The Great Depression
Franchisee
Bill Gates - Paul Allen
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