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Test your basic knowledge |
Management 101: Business History
Start Test
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. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Oligopoly
University of PA
Social Responsibility
2. Provided national advertising and mass production
Andrew Carnegie
Franchisor
Green Backs
Marshall Plan
3. Creators of Microsoft
Bill Gates - Paul Allen
The Great Depression
Associative State
Booming American Automobile Industry
4. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Functional Departmentalization
Laissez Faire
Employment & Production Act
5. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Salmon Chase
Closed Shop
Industrial Democracy
Conglomerates
6. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Closed Shop
Franklin Roosevelt
Franchisor
7. Setting of prices by mangers of large firms.
Disposable Income
Trade
Administrative pricing
Business Bureaucracies
8. Alliance among public agencies - private firms and trade associations to handle international competitions.
Post-Industrial Economy
Industrial Policy
Consumer Durables
Hostile Takeover
9. Could only hire union workers. Illegal
Deregulation
Andrew Carnegie
Closed Shop
Union Shop
10. Use borrowed money to buy company. Sometimes used to take 'stock private'
Corporate Management
Leveraged Buyout
Conglomerates
Sherman Anti-Trust Act
11. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Organization of Petroleum Exporting Countries
Franklin Roosevelt
Corporate Management
Currency
12. Panic of 1907 - 5 members - foreign transactions went through NY.
Consumerism
1913 Federal Reserve Board
Taft Hartley Act
Trade
13. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Industrial Democracy
Corporation
Marketing
Marketing
14. Control all aspects of an industry from raw materials to retail.
Franchisor
Conglomerates
Vertical Integration
Populism
15. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Corporate Management
Managerial Revolution
Functional Departmentalization
16. Income people could do with as the pleased.
Disposable Income
Open Shop
Franchisee
Henry Ford
17. Started as a gun powder company - Rate of return.
Populism
Stagflation
Andrew Carnegie
Du Pont
18. Inflation continued in the absence of robust economic growth.
Bill Gates - Paul Allen
Disposable Income
Oligopoly
Stagflation
19. Sec. of Treasury under lincoln. Father of national Banking system.
University of PA
Franklin Roosevelt
Salmon Chase
Monetarism
20. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Gilded Age
Richard T. Ely
Vertical Integration
21. 1929 stock market crashed
Deregulation
Herbert Hoover
Currency
Social Responsibility
22. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Andrew Carnegie
William Taft
Bill Gates - Paul Allen
Currency
23. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Welfare Capitalism
Deregulation
Open Prices
Hostile Takeover
24. Workers would enjoy the rights of association and the ability to influence wage levels.
Mann-Elkins Act
Employment & Production Act
Hostile Takeover
Industrial Democracy
25. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Oligopoly
Functional Departmentalization
Consumerism
26. Programs intended to stabilize the economy while maintaining individual autonomy.
Bill Gates - Paul Allen
Open Shop
Associative State
Decentralized Management
27. Sears.
Montgomery Ward
Social Responsibility
Consumerism
Franklin Roosevelt
28. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Associative State
Bank Holidays
Business Bureaucracies
Ralph Nader
29. Business - not independent trade unions should look after the best interest of the workers.
New Individualism
Green Backs
Welfare Capitalism
Open Shop
30. Let the people do as they please
Social Responsibility
Richard T. Ely
Leveraged Buyout
Laissez Faire
31. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Vertical Integration
New Individualism
Frederick Taylor
Post-Industrial Economy
32. Worlds largest provider of computer software for desktops.
Francis Kellor
Gilded Age
Mircosoft
Industrial Democracy
33. Dominated the retail industry by mail order only selling.
University of PA
Keynes Economic Theory
Sears
Industrial Policy
34. Use of stock tender to offer to buy a company that did not want to sell.
Vertical Integration
Managerial Revolution
Sherman Anti-Trust Act
Hostile Takeover
35. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Green Backs
Civil Rights Act
Bank Holidays
36. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Consumer Durables
NAFTA
Populism
37. Close banks to keep people from withdrawing all of their money and collapsing the banks.
U.S Chamber of Commerce
Green Backs
Military Industrial Complex
Bank Holidays
38. Interstate Commerce Commission was strengthened. Regulated rates.
Progressivism
Hepburn Act
Military Industrial Complex
Open Prices
39. Employers can hire whoever they want. Both union and non union.
Gilded Age
Open Shop
Bill Gates - Paul Allen
Post-Industrial Economy
40. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Industrial Policy
Glass Ceiling
Monetarism
Military Industrial Complex 2
41. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Taft Hartley Act
Ralph Nader
Andrew Carnegie
Sears
42. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Post-Industrial Economy
Military Industrial Complex
Most Favorited Nation
Horizontal Integration
43. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Glass Ceiling
Marshall Plan
Booming American Automobile Industry
44. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Social Responsibility
Richard T. Ely
Economic Prosperity
Oligopoly
45. Most favored nation. Trade barriers raised.
1913 Federal Reserve Board
Marketing
Trade
Taft Hartley Act
46. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Bill Gates - Paul Allen
Progressivism
Gilded Age
Stagflation
47. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Corporatism
Associative State
Oligopoly
Most Favorited Nation
48. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Gilded Age
The Great Depression
Populism
NAFTA
49. Free trade between US - Canada - Mexico
1913 Federal Reserve Board
University of PA
NAFTA
Corporatism
50. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Ralph Nader
Trade
John D. Rockafeller
Civil Rights Act