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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.
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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. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
New Individualism
Gilded Age
Oligopoly
Herbert Hoover
2. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Open Shop
Conglomerates
Military Industrial Complex 2
Sears
3. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Horizontal Integration
Open Prices
Ralph Nader
The Great Depression
4. Let the people do as they please
Laissez Faire
Richard T. Ely
Ralph Nader
Mircosoft
5. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
1913 Federal Reserve Board
Sherman Anti-Trust Act
Stagflation
Richard T. Ely
6. Panic of 1907 - 5 members - foreign transactions went through NY.
Mass Industry
1913 Federal Reserve Board
Anti-trust Policy
Military Industrial Complex 2
7. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Herbert Hoover
Post-Industrial Economy
Bill Gates - Paul Allen
Andrew Carnegie
8. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Leveraged Buyout
Employment & Production Act
Richard T. Ely
Booming American Automobile Industry
9. Alliance among public agencies - private firms and trade associations to handle international competitions.
Organization of Petroleum Exporting Countries
Industrial Policy
Decentralized Management
Marketing
10. Paper currency issued by the government to finance to civil war.
Associative State
Green Backs
John D. Rockafeller
Franchisor
11. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Corporate Management
University of PA
Mass Industry
Organization of Petroleum Exporting Countries
12. Goal was to represent the interests of American business in general.
Mass Industry
Consequences of Mergers
Most Favorited Nation
U.S Chamber of Commerce
13. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Bank Holidays
Sears
Franchisee
Keynes Economic Theory
14. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Closed Shop
Union Shop
Vertical Integration
Anti-trust Policy
15. Workers would enjoy the rights of association and the ability to influence wage levels.
Hepburn Act
Bill Gates - Paul Allen
Industrial Democracy
Military Industrial Complex
16. Promote economic recovery in Europe.
Marshall Plan
NAFTA
Marketing
1913 Federal Reserve Board
17. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Military Industrial Complex
Du Pont
The Great Depression
Open Prices
18. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Sears
Organization of Petroleum Exporting Countries
Business Bureaucracies
Stagflation
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.
1913 Federal Reserve Board
Consumer Durables
Franchisor
Frederick Taylor
20. Provided national advertising and mass production
Franchisor
Industrial Policy
Mass Industry
Francis Kellor
21. First college of business.
University of PA
Monetarism
Progressivism
Booming American Automobile Industry
22. Oil refining business. He was the first billionaire.
John D. Rockafeller
NAFTA
Franklin Roosevelt
Closed Shop
23. Sought to break up the control of big business to create more opportunities.
Trade
Populism
Open Prices
Oligopoly
24. Interstate Commerce Commission was strengthened. Regulated rates.
University of PA
Military Industrial Complex
Hepburn Act
Post-Industrial Economy
25. Close banks to keep people from withdrawing all of their money and collapsing the banks.
The Great Depression
Laissez Faire
Bank Holidays
Anti-trust Policy
26. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
1913 Federal Reserve Board
Civil War
Military Industrial Complex 2
Consumer Durables
27. Setting of prices by mangers of large firms.
Administrative pricing
Civil Rights Act
Conglomerates
Corporate Management
28. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Consumerism
Progressivism
Sherman Anti-Trust Act
Corporate Management
29. 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.
Marketing
Consequences of Mergers
Currency
Keynes Economic Theory
30. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Gilded Age
Associative State
Disposable Income
31. Worked divided by specific tasks. i.e. accounting - production - ect.
Decentralized Management
Post-Industrial Economy
Functional Departmentalization
Managerial Revolution
32. Most favored nation. Trade barriers raised.
NAFTA
Consequences of Mergers
Corporation
Trade
33. Companies had the right to manage. Union leaders.
Deregulation
Taft Hartley Act
Civil War
Populism
34. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Henry Ford
Employment & Production Act
Economic Prosperity
35. Programs intended to stabilize the economy while maintaining individual autonomy.
Salmon Chase
Decentralized Management
Associative State
Frederick Taylor
36. Creators of Microsoft
Booming American Automobile Industry
Bill Gates - Paul Allen
Horizontal Integration
Leveraged Buyout
37. Control all aspects of an industry from raw materials to retail.
Associative State
Vertical Integration
Consequences of Mergers
Franchisee
38. Could only hire union workers. Illegal
Trade
Populism
Hepburn Act
Closed Shop
39. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Currency
Francis Kellor
Social Responsibility
Marketing
40. President. Standard oil - american tobacco - us steel.
Functional Departmentalization
Keynes Economic Theory
William Taft
Salmon Chase
41. Developed the assembly line. Anti Union. Model T.
Industrial Policy
Henry Ford
Union Shop
Franchisee
42. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Employment & Production Act
John D. Rockafeller
Anti-trust Policy
43. Worlds largest provider of computer software for desktops.
Booming American Automobile Industry
Mircosoft
Marketing
Green Backs
44. Free trade between US - Canada - Mexico
NAFTA
Horizontal Integration
Trade
Business Bureaucracies
45. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Anti-trust Policy
Hostile Takeover
Corporation
Deregulation
46. Started as a gun powder company - Rate of return.
Closed Shop
Conglomerates
Du Pont
Henry Ford
47. 1929 stock market crashed
Bill Gates - Paul Allen
Du Pont
Herbert Hoover
Conglomerates
48. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Hepburn Act
Marketing
Trade
49. American firms were poised to dominate economic activity in a system of free trade.
Industrial Policy
Du Pont
Mann-Elkins Act
Economic Prosperity
50. Gold drain; exchange rates; free floating
Franchisor
Laissez Faire
Francis Kellor
Currency
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