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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. Worlds largest provider of computer software for desktops.
Mircosoft
Leveraged Buyout
Oligopoly
Franchisor
2. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Union Shop
Economic Prosperity
Booming American Automobile Industry
3. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Consumer Durables
Administrative pricing
U.S Chamber of Commerce
Conglomerates
4. Creators of Microsoft
Associative State
Civil War
Military Industrial Complex 2
Bill Gates - Paul Allen
5. Control all aspects of an industry from raw materials to retail.
Stagflation
Vertical Integration
Herbert Hoover
Mass Industry
6. Income people could do with as the pleased.
Populism
Herbert Hoover
Disposable Income
Vertical Integration
7. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Progressivism
Du Pont
Social Responsibility
8. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
The Great Depression
Organization of Petroleum Exporting Countries
Populism
Stagflation
9. Formalized business practices by standardized management practices.
Franchisor
Francis Kellor
Bank Holidays
Managerial Revolution
10. Companies had the right to manage. Union leaders.
Du Pont
Taft Hartley Act
Marketing
Mircosoft
11. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Business Bureaucracies
Decentralized Management
Deregulation
12. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Frederick Taylor
Montgomery Ward
Henry Ford
13. Alliance among public agencies - private firms and trade associations to handle international competitions.
Marketing
Industrial Policy
Closed Shop
Franchisor
14. Programs intended to stabilize the economy while maintaining individual autonomy.
Sears
Bill Gates - Paul Allen
Associative State
Gilded Age
15. Sec. of Treasury under lincoln. Father of national Banking system.
Civil Rights Act
Bill Gates - Paul Allen
Salmon Chase
Horizontal Integration
16. A few firms dominate an industry. Price competition decreased.
Horizontal Integration
Herbert Hoover
Organization of Petroleum Exporting Countries
Oligopoly
17. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Franchisor
Deregulation
Organization of Petroleum Exporting Countries
Open Shop
18. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Andrew Carnegie
Open Prices
Business Bureaucracies
Bill Gates - Paul Allen
19. Congress established a national banking system.
Marketing
Horizontal Integration
Trade
Civil War
20. Could only hire union workers. Illegal
Closed Shop
Decentralized Management
Frederick Taylor
Vertical Integration
21. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Ralph Nader
Populism
Bill Gates - Paul Allen
22. Business leaders sought to achieve cooperation among business - labor and government.
Ralph Nader
Corporatism
Taft Hartley Act
Consequences of Mergers
23. Paper currency issued by the government to finance to civil war.
Progressivism
Green Backs
Mircosoft
Trade
24. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Corporate Management
Consequences of Mergers
Employment & Production Act
Consumer Durables
25. Inflation continued in the absence of robust economic growth.
Economic Prosperity
Social Responsibility
Stagflation
Mass Industry
26. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Franchisor
Laissez Faire
Social Responsibility
Sherman Anti-Trust Act
27. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Marshall Plan
Industrial Policy
Stagflation
28. Set of values that placed a higher priority on the use of good than on their production.
U.S Chamber of Commerce
Associative State
The Great Depression
Consumerism
29. Urged the gov't to control the money supply in order to control inflation.
Frederick Taylor
Herbert Hoover
Welfare Capitalism
Monetarism
30. Setting of prices by mangers of large firms.
Administrative pricing
Francis Kellor
Employment & Production Act
Franchisor
31. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Welfare Capitalism
Military Industrial Complex 2
Industrial Policy
32. Sought to break up the control of big business to create more opportunities.
Salmon Chase
Populism
Richard T. Ely
Managerial Revolution
33. Provided national advertising and mass production
Bill Gates - Paul Allen
Hostile Takeover
Franchisor
Keynes Economic Theory
34. 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.
Union Shop
Henry Ford
Marketing
University of PA
35. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Currency
Mass Industry
Gilded Age
Functional Departmentalization
36. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Stagflation
Franchisee
Keynes Economic Theory
Open Prices
37. Few companies combines forces to control production of sale of a product.
Currency
Hepburn Act
Taft Hartley Act
Horizontal Integration
38. Items purchased by consumers for use over more than a year or two.
Corporate Management
Vertical Integration
Managerial Revolution
Consumer Durables
39. Developed the assembly line. Anti Union. Model T.
Henry Ford
Associative State
Herbert Hoover
Functional Departmentalization
40. Employers can hire whoever they want. Both union and non union.
Marketing
Open Shop
Monetarism
Anti-trust Policy
41. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Organization of Petroleum Exporting Countries
Marketing
Anti-trust Policy
Sears
42. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Closed Shop
Disposable Income
Welfare Capitalism
43. Goal was to represent the interests of American business in general.
Decentralized Management
Hostile Takeover
Economic Prosperity
U.S Chamber of Commerce
44. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
NAFTA
Civil Rights Act
Booming American Automobile Industry
Keynes Economic Theory
45. Business - not independent trade unions should look after the best interest of the workers.
Henry Ford
Union Shop
Welfare Capitalism
Horizontal Integration
46. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Andrew Carnegie
Military Industrial Complex 2
Business Bureaucracies
Civil Rights Act
47. Let the people do as they please
Union Shop
Consequences of Mergers
Laissez Faire
Salmon Chase
48. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Hepburn Act
Post-Industrial Economy
Decentralized Management
49. Gold drain; exchange rates; free floating
Booming American Automobile Industry
Francis Kellor
Currency
Franchisor
50. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Marshall Plan
Ralph Nader
Corporate Management
Administrative pricing