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Test your basic knowledge |
Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
NAFTA
Gilded Age
Industrial Democracy
2. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Closed Shop
Laissez Faire
Business Bureaucracies
3. Sears.
Vertical Integration
Keynes Economic Theory
Stagflation
Montgomery Ward
4. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Corporate Management
Mass Industry
Consumerism
5. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Populism
Glass Ceiling
Associative State
6. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Francis Kellor
Green Backs
Hostile Takeover
7. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Corporatism
Anti-trust Policy
Ralph Nader
Industrial Democracy
8. Goal was to represent the interests of American business in general.
Marketing
U.S Chamber of Commerce
Administrative pricing
Ralph Nader
9. Sought to break up the control of big business to create more opportunities.
University of PA
Military Industrial Complex
Francis Kellor
Populism
10. Paper currency issued by the government to finance to civil war.
Hostile Takeover
Green Backs
Marshall Plan
William Taft
11. Setting of prices by mangers of large firms.
Sherman Anti-Trust Act
Administrative pricing
Most Favorited Nation
Salmon Chase
12. Provided national advertising and mass production
Franchisor
Employment & Production Act
Leveraged Buyout
Post-Industrial Economy
13. Free trade between US - Canada - Mexico
Mircosoft
NAFTA
Industrial Policy
Marketing
14. Let the people do as they please
Disposable Income
Salmon Chase
Associative State
Laissez Faire
15. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Francis Kellor
Sears
Conglomerates
16. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Salmon Chase
Du Pont
Stagflation
17. Started as a gun powder company - Rate of return.
Du Pont
Closed Shop
Disposable Income
Mass Industry
18. President. Standard oil - american tobacco - us steel.
Andrew Carnegie
Disposable Income
Marshall Plan
William Taft
19. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Hostile Takeover
Corporate Management
Populism
20. Could only hire union workers. Illegal
Vertical Integration
Closed Shop
Marketing
Managerial Revolution
21. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Franchisee
Keynes Economic Theory
Sherman Anti-Trust Act
Deregulation
22. Sec. of Treasury under lincoln. Father of national Banking system.
Monetarism
John D. Rockafeller
Salmon Chase
Hepburn Act
23. Companies had the right to manage. Union leaders.
Open Shop
Taft Hartley Act
Sherman Anti-Trust Act
Associative State
24. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Military Industrial Complex
Gilded Age
Hepburn Act
25. Oil refining business. He was the first billionaire.
Mircosoft
John D. Rockafeller
Closed Shop
Marketing
26. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
1913 Federal Reserve Board
Mass Industry
Oligopoly
27. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Vertical Integration
Military Industrial Complex
Du Pont
Organization of Petroleum Exporting Countries
28. Income people could do with as the pleased.
Vertical Integration
Franchisor
William Taft
Disposable Income
29. Employers can hire whoever they want. Both union and non union.
Oligopoly
University of PA
Open Shop
Richard T. Ely
30. Inflation continued in the absence of robust economic growth.
Stagflation
Sears
William Taft
Consequences of Mergers
31. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Conglomerates
Corporate Management
Consumer Durables
The Great Depression
32. Congress established a national banking system.
Civil War
Laissez Faire
Sherman Anti-Trust Act
Welfare Capitalism
33. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Montgomery Ward
Andrew Carnegie
Glass Ceiling
34. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Marshall Plan
John D. Rockafeller
Green Backs
Conglomerates
35. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Trade
Corporation
Managerial Revolution
Open Shop
36. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Organization of Petroleum Exporting Countries
Civil Rights Act
Bank Holidays
37. GM - Ford - and Chrysler dominated the market. GM=50% share
Military Industrial Complex
Populism
Booming American Automobile Industry
University of PA
38. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Open Prices
Economic Prosperity
Decentralized Management
39. Gold drain; exchange rates; free floating
Social Responsibility
Taft Hartley Act
Currency
Mircosoft
40. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Military Industrial Complex 2
Civil Rights Act
Andrew Carnegie
Progressivism
41. 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.
Marketing
Andrew Carnegie
Civil Rights Act
Currency
42. Most women were stalled at middle management levels.
Laissez Faire
Consequences of Mergers
Booming American Automobile Industry
Glass Ceiling
43. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
John D. Rockafeller
Most Favorited Nation
U.S Chamber of Commerce
Andrew Carnegie
44. Business - not independent trade unions should look after the best interest of the workers.
Oligopoly
Welfare Capitalism
Closed Shop
Hostile Takeover
45. Worlds largest provider of computer software for desktops.
Mircosoft
John D. Rockafeller
Industrial Policy
Corporation
46. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Populism
Marketing
Corporation
47. Corporate offices
1913 Federal Reserve Board
Hostile Takeover
Organization of Petroleum Exporting Countries
Decentralized Management
48. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Mircosoft
Laissez Faire
Union Shop
Marketing
49. Few companies combines forces to control production of sale of a product.
Populism
U.S Chamber of Commerce
Montgomery Ward
Horizontal Integration
50. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Associative State
Oligopoly
Sears
Mass Industry
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