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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. Set of values that placed a higher priority on the use of good than on their production.
Green Backs
Consumerism
Civil Rights Act
Conglomerates
2. Could only hire union workers. Illegal
Closed Shop
Marketing
Horizontal Integration
Franklin Roosevelt
3. Gold drain; exchange rates; free floating
Francis Kellor
Consumer Durables
Du Pont
Currency
4. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Andrew Carnegie
Deregulation
Consequences of Mergers
Mann-Elkins Act
5. 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
The Great Depression
Stagflation
Gilded Age
6. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Functional Departmentalization
Closed Shop
Montgomery Ward
New Individualism
7. A few firms dominate an industry. Price competition decreased.
Oligopoly
Mircosoft
Taft Hartley Act
John D. Rockafeller
8. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Franklin Roosevelt
Keynes Economic Theory
Ralph Nader
Administrative pricing
9. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Gilded Age
Mass Industry
Bank Holidays
Marketing
10. Worlds largest provider of computer software for desktops.
Military Industrial Complex 2
Mircosoft
Social Responsibility
Welfare Capitalism
11. Items purchased by consumers for use over more than a year or two.
Francis Kellor
Green Backs
Consumer Durables
University of PA
12. Promote economic recovery in Europe.
Marshall Plan
Corporate Management
Ralph Nader
Sherman Anti-Trust Act
13. Inflation continued in the absence of robust economic growth.
Salmon Chase
Union Shop
Franklin Roosevelt
Stagflation
14. Panic of 1907 - 5 members - foreign transactions went through NY.
Vertical Integration
1913 Federal Reserve Board
Disposable Income
Frederick Taylor
15. Sears.
Sherman Anti-Trust Act
Post-Industrial Economy
Montgomery Ward
Franchisee
16. First college of business.
Union Shop
Marshall Plan
Herbert Hoover
University of PA
17. Use of stock tender to offer to buy a company that did not want to sell.
Green Backs
Post-Industrial Economy
Keynes Economic Theory
Hostile Takeover
18. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Civil Rights Act
Vertical Integration
The Great Depression
Consumerism
19. 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.
Associative State
Marketing
John D. Rockafeller
Leveraged Buyout
20. Income people could do with as the pleased.
Stagflation
Disposable Income
Keynes Economic Theory
Most Favorited Nation
21. Goal was to represent the interests of American business in general.
Populism
1913 Federal Reserve Board
U.S Chamber of Commerce
Marketing
22. Let the people do as they please
Keynes Economic Theory
Laissez Faire
Taft Hartley Act
Henry Ford
23. Sought to break up the control of big business to create more opportunities.
Union Shop
Populism
Progressivism
Managerial Revolution
24. 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.
Leveraged Buyout
Horizontal Integration
Currency
Frederick Taylor
25. Few companies combines forces to control production of sale of a product.
Corporatism
Hostile Takeover
Horizontal Integration
Marshall Plan
26. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Taft Hartley Act
Most Favorited Nation
Anti-trust Policy
Montgomery Ward
27. Congress established a national banking system.
Sears
Civil War
Bank Holidays
Franchisee
28. Programs intended to stabilize the economy while maintaining individual autonomy.
Economic Prosperity
Open Prices
Administrative pricing
Associative State
29. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Hostile Takeover
Herbert Hoover
Frederick Taylor
Progressivism
30. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Taft Hartley Act
Glass Ceiling
Open Shop
Social Responsibility
31. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Deregulation
Oligopoly
Herbert Hoover
Organization of Petroleum Exporting Countries
32. Burden of proof to raise rates was now the responsibility of the railroads.
Social Responsibility
Hepburn Act
Mann-Elkins Act
Sears
33. Dominated the retail industry by mail order only selling.
Mircosoft
Employment & Production Act
Sears
Marshall Plan
34. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Associative State
Decentralized Management
Mass Industry
Sears
35. Business - not independent trade unions should look after the best interest of the workers.
Hepburn Act
Industrial Policy
Business Bureaucracies
Welfare Capitalism
36. Most favored nation. Trade barriers raised.
Trade
Employment & Production Act
Welfare Capitalism
Corporate Management
37. Creators of Microsoft
Decentralized Management
Sherman Anti-Trust Act
Mircosoft
Bill Gates - Paul Allen
38. President. Standard oil - american tobacco - us steel.
Union Shop
NAFTA
William Taft
Disposable Income
39. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Stagflation
Conglomerates
Managerial Revolution
40. Setting of prices by mangers of large firms.
Decentralized Management
Vertical Integration
NAFTA
Administrative pricing
41. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Salmon Chase
Organization of Petroleum Exporting Countries
Oligopoly
Ralph Nader
42. Developed the assembly line. Anti Union. Model T.
Franklin Roosevelt
Henry Ford
Marketing
Du Pont
43. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Industrial Democracy
Military Industrial Complex
Union Shop
William Taft
44. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
The Great Depression
Horizontal Integration
Richard T. Ely
Salmon Chase
45. Control all aspects of an industry from raw materials to retail.
Functional Departmentalization
Franchisor
Vertical Integration
Decentralized Management
46. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
William Taft
Franklin Roosevelt
Social Responsibility
47. Employers can hire whoever they want. Both union and non union.
Open Shop
Consequences of Mergers
Employment & Production Act
Horizontal Integration
48. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Franchisor
Laissez Faire
1913 Federal Reserve Board
Corporation
49. Most women were stalled at middle management levels.
Frederick Taylor
Bill Gates - Paul Allen
Glass Ceiling
Mann-Elkins Act
50. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Herbert Hoover
Progressivism
Oligopoly