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Test your basic knowledge |
Management 101: Business History
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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. Alliance among public agencies - private firms and trade associations to handle international competitions.
Franklin Roosevelt
Stagflation
Conglomerates
Industrial Policy
2. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Francis Kellor
Post-Industrial Economy
Leveraged Buyout
3. Gold drain; exchange rates; free floating
Taft Hartley Act
Ralph Nader
Business Bureaucracies
Currency
4. Worlds largest provider of computer software for desktops.
Mircosoft
Conglomerates
Franklin Roosevelt
Consumer Durables
5. Started as a gun powder company - Rate of return.
Consequences of Mergers
Du Pont
Hostile Takeover
Franchisor
6. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Francis Kellor
Glass Ceiling
Ralph Nader
Currency
7. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Gilded Age
Glass Ceiling
Administrative pricing
8. Sears.
Taft Hartley Act
Employment & Production Act
Montgomery Ward
Du Pont
9. GM - Ford - and Chrysler dominated the market. GM=50% share
Mann-Elkins Act
Booming American Automobile Industry
Marshall Plan
Anti-trust Policy
10. Inflation continued in the absence of robust economic growth.
Horizontal Integration
Stagflation
1913 Federal Reserve Board
Consumerism
11. A few firms dominate an industry. Price competition decreased.
Mircosoft
Mann-Elkins Act
Oligopoly
Salmon Chase
12. Could only hire union workers. Illegal
Montgomery Ward
Closed Shop
Progressivism
Trade
13. Few companies combines forces to control production of sale of a product.
Civil War
Du Pont
Horizontal Integration
Corporatism
14. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Marketing
Union Shop
Franchisor
Vertical Integration
15. Corporate offices
Conglomerates
Decentralized Management
Herbert Hoover
Consumerism
16. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Leveraged Buyout
Keynes Economic Theory
Richard T. Ely
Franklin Roosevelt
17. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Social Responsibility
Business Bureaucracies
Deregulation
Functional Departmentalization
18. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Closed Shop
University of PA
Most Favorited Nation
Progressivism
19. Control all aspects of an industry from raw materials to retail.
Anti-trust Policy
Mircosoft
Vertical Integration
Franchisee
20. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Sears
Progressivism
1913 Federal Reserve Board
21. Let the people do as they please
Military Industrial Complex
New Individualism
Francis Kellor
Laissez Faire
22. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Progressivism
Civil Rights Act
Andrew Carnegie
Du Pont
23. Goal was to represent the interests of American business in general.
Gilded Age
The Great Depression
U.S Chamber of Commerce
Herbert Hoover
24. Committed her life to social reform - immigrant committee
Trade
Francis Kellor
Marketing
Corporation
25. Promote economic recovery in Europe.
Glass Ceiling
Marshall Plan
Closed Shop
Employment & Production Act
26. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Functional Departmentalization
Franklin Roosevelt
Corporate Management
Gilded Age
27. Provided national advertising and mass production
Monetarism
Franchisor
Welfare Capitalism
Functional Departmentalization
28. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Marshall Plan
Mass Industry
Social Responsibility
Disposable Income
29. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Bank Holidays
Glass Ceiling
Bill Gates - Paul Allen
30. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Associative State
Francis Kellor
Vertical Integration
31. Creators of Microsoft
Populism
Economic Prosperity
Bill Gates - Paul Allen
Marketing
32. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Open Prices
University of PA
Conglomerates
33. Use of stock tender to offer to buy a company that did not want to sell.
Populism
Welfare Capitalism
Hostile Takeover
Deregulation
34. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Organization of Petroleum Exporting Countries
Open Shop
Consequences of Mergers
Post-Industrial Economy
35. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Mann-Elkins Act
Marketing
Social Responsibility
36. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Franchisee
Consumer Durables
Anti-trust Policy
Frederick Taylor
37. Programs intended to stabilize the economy while maintaining individual autonomy.
Laissez Faire
Administrative pricing
Associative State
Consumerism
38. Income people could do with as the pleased.
Disposable Income
Corporate Management
Closed Shop
Populism
39. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Marketing
Welfare Capitalism
Sears
New Individualism
40. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Corporation
Bank Holidays
Populism
Business Bureaucracies
41. Companies had the right to manage. Union leaders.
Union Shop
Franklin Roosevelt
Taft Hartley Act
Oligopoly
42. Free trade between US - Canada - Mexico
Hostile Takeover
Hepburn Act
Corporatism
NAFTA
43. Employers can hire whoever they want. Both union and non union.
Disposable Income
Open Shop
Corporate Management
Mircosoft
44. 1929 stock market crashed
Organization of Petroleum Exporting Countries
Herbert Hoover
Glass Ceiling
University of PA
45. Most favored nation. Trade barriers raised.
Trade
NAFTA
Industrial Policy
Post-Industrial Economy
46. Urged the gov't to control the money supply in order to control inflation.
Industrial Policy
John D. Rockafeller
Monetarism
Marketing
47. 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.
Frederick Taylor
New Individualism
Populism
Sears
48. Paper currency issued by the government to finance to civil war.
New Individualism
Progressivism
Decentralized Management
Green Backs
49. Business - not independent trade unions should look after the best interest of the workers.
Employment & Production Act
Organization of Petroleum Exporting Countries
Closed Shop
Welfare Capitalism
50. Developed the assembly line. Anti Union. Model T.
Social Responsibility
Henry Ford
Marshall Plan
Progressivism