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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. Control all aspects of an industry from raw materials to retail.
Leveraged Buyout
Vertical Integration
Du Pont
Oligopoly
2. A few firms dominate an industry. Price competition decreased.
Oligopoly
Hostile Takeover
Marketing
Keynes Economic Theory
3. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Populism
Post-Industrial Economy
Associative State
Frederick Taylor
4. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
The Great Depression
New Individualism
Du Pont
Social Responsibility
5. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Consumer Durables
Business Bureaucracies
Welfare Capitalism
Oligopoly
6. Income people could do with as the pleased.
Corporate Management
Disposable Income
Anti-trust Policy
Military Industrial Complex 2
7. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
1913 Federal Reserve Board
Consequences of Mergers
Social Responsibility
Sherman Anti-Trust Act
8. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Franklin Roosevelt
Consumerism
Most Favorited Nation
Sherman Anti-Trust Act
9. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Social Responsibility
Franchisor
Disposable Income
Keynes Economic Theory
10. Inflation continued in the absence of robust economic growth.
Administrative pricing
Stagflation
NAFTA
Managerial Revolution
11. Sought to break up the control of big business to create more opportunities.
Bank Holidays
Populism
Francis Kellor
Marketing
12. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Mass Industry
Richard T. Ely
Glass Ceiling
13. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Salmon Chase
Disposable Income
Bill Gates - Paul Allen
14. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Currency
Deregulation
William Taft
Trade
15. American firms were poised to dominate economic activity in a system of free trade.
Military Industrial Complex 2
Hostile Takeover
Economic Prosperity
Open Shop
16. Programs intended to stabilize the economy while maintaining individual autonomy.
New Individualism
John D. Rockafeller
Managerial Revolution
Associative State
17. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Bank Holidays
Mircosoft
Progressivism
Keynes Economic Theory
18. Most women were stalled at middle management levels.
Horizontal Integration
Vertical Integration
Trade
Glass Ceiling
19. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Social Responsibility
Progressivism
Union Shop
Functional Departmentalization
20. Gold drain; exchange rates; free floating
Currency
Montgomery Ward
Mann-Elkins Act
Hepburn Act
21. Started as a gun powder company - Rate of return.
Military Industrial Complex 2
Deregulation
Du Pont
Booming American Automobile Industry
22. 1929 stock market crashed
Oligopoly
Herbert Hoover
Francis Kellor
Keynes Economic Theory
23. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Francis Kellor
1913 Federal Reserve Board
Open Shop
24. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Industrial Democracy
Du Pont
Herbert Hoover
Corporate Management
25. Sears.
Henry Ford
Francis Kellor
Montgomery Ward
Sherman Anti-Trust Act
26. Let the people do as they please
Taft Hartley Act
Laissez Faire
Anti-trust Policy
Corporate Management
27. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Corporate Management
Employment & Production Act
Marshall Plan
Functional Departmentalization
28. Sec. of Treasury under lincoln. Father of national Banking system.
Administrative pricing
Keynes Economic Theory
Salmon Chase
Henry Ford
29. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Post-Industrial Economy
Marketing
Salmon Chase
30. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Francis Kellor
Richard T. Ely
Associative State
Consumer Durables
31. Employers can hire whoever they want. Both union and non union.
Mass Industry
Salmon Chase
Disposable Income
Open Shop
32. Could only hire union workers. Illegal
Closed Shop
Associative State
Booming American Automobile Industry
Civil War
33. Committed her life to social reform - immigrant committee
Stagflation
Francis Kellor
Consumerism
Mircosoft
34. 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.
Organization of Petroleum Exporting Countries
Frederick Taylor
Laissez Faire
Administrative pricing
35. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Keynes Economic Theory
Andrew Carnegie
Marshall Plan
Taft Hartley Act
36. Reduction in diversification. Reduction in layers of management.
Most Favorited Nation
Consequences of Mergers
Employment & Production Act
Glass Ceiling
37. Creators of Microsoft
Administrative pricing
Henry Ford
Bill Gates - Paul Allen
Booming American Automobile Industry
38. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Social Responsibility
Bank Holidays
Ralph Nader
Stagflation
39. Burden of proof to raise rates was now the responsibility of the railroads.
Deregulation
Mann-Elkins Act
Managerial Revolution
Business Bureaucracies
40. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Henry Ford
Closed Shop
Taft Hartley Act
41. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Bill Gates - Paul Allen
Open Prices
Conglomerates
42. Paper currency issued by the government to finance to civil war.
Green Backs
1913 Federal Reserve Board
Leveraged Buyout
Economic Prosperity
43. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
John D. Rockafeller
1913 Federal Reserve Board
Salmon Chase
44. President. Standard oil - american tobacco - us steel.
Salmon Chase
Marshall Plan
William Taft
Civil Rights Act
45. Congress established a national banking system.
Most Favorited Nation
Mass Industry
Civil War
Conglomerates
46. Developed the assembly line. Anti Union. Model T.
Salmon Chase
Booming American Automobile Industry
Henry Ford
Stagflation
47. Oil refining business. He was the first billionaire.
John D. Rockafeller
Administrative pricing
Franchisor
Consumer Durables
48. Promote economic recovery in Europe.
Hostile Takeover
Currency
Consequences of Mergers
Marshall Plan
49. Interstate Commerce Commission was strengthened. Regulated rates.
Consumer Durables
Oligopoly
Disposable Income
Hepburn Act
50. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Deregulation
Laissez Faire
Vertical Integration