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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. A few firms dominate an industry. Price competition decreased.
Marketing
University of PA
Salmon Chase
Oligopoly
2. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Closed Shop
NAFTA
Mass Industry
Henry Ford
3. Alliance among public agencies - private firms and trade associations to handle international competitions.
Henry Ford
John D. Rockafeller
Stagflation
Industrial Policy
4. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Richard T. Ely
Booming American Automobile Industry
Progressivism
Open Prices
5. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Stagflation
Marketing
Franchisee
6. Business - not independent trade unions should look after the best interest of the workers.
Post-Industrial Economy
Monetarism
Oligopoly
Welfare Capitalism
7. Few companies combines forces to control production of sale of a product.
Ralph Nader
Marketing
Laissez Faire
Horizontal Integration
8. Congress established a national banking system.
Gilded Age
Booming American Automobile Industry
Civil War
Du Pont
9. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Currency
Industrial Democracy
Frederick Taylor
10. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Ralph Nader
Deregulation
Franklin Roosevelt
Administrative pricing
11. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Trade
Social Responsibility
Taft Hartley Act
Mass Industry
12. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Oligopoly
Richard T. Ely
Stagflation
Populism
13. 1929 stock market crashed
Organization of Petroleum Exporting Countries
Consumer Durables
Ralph Nader
Herbert Hoover
14. Interstate Commerce Commission was strengthened. Regulated rates.
Functional Departmentalization
Corporate Management
Hepburn Act
Stagflation
15. Started as a gun powder company - Rate of return.
Progressivism
Deregulation
Taft Hartley Act
Du Pont
16. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Oligopoly
Military Industrial Complex
Populism
Keynes Economic Theory
17. Set of values that placed a higher priority on the use of good than on their production.
Currency
Functional Departmentalization
Consumerism
NAFTA
18. Employers can hire whoever they want. Both union and non union.
Open Shop
Stagflation
Corporatism
NAFTA
19. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Du Pont
Francis Kellor
Closed Shop
Ralph Nader
20. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Gilded Age
Social Responsibility
Hepburn Act
Corporation
21. 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.
Consumer Durables
Richard T. Ely
Frederick Taylor
Disposable Income
22. Paper currency issued by the government to finance to civil war.
Green Backs
Welfare Capitalism
Andrew Carnegie
Laissez Faire
23. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Salmon Chase
Civil Rights Act
University of PA
Booming American Automobile Industry
24. Control all aspects of an industry from raw materials to retail.
Employment & Production Act
Currency
Bank Holidays
Vertical Integration
25. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Sherman Anti-Trust Act
Mann-Elkins Act
Currency
26. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Corporate Management
Disposable Income
1913 Federal Reserve Board
27. Developed the assembly line. Anti Union. Model T.
Henry Ford
Franklin Roosevelt
Marketing
Trade
28. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Marketing
Disposable Income
Gilded Age
29. Promote economic recovery in Europe.
Keynes Economic Theory
Business Bureaucracies
Post-Industrial Economy
Marshall Plan
30. Gold drain; exchange rates; free floating
Taft Hartley Act
Consequences of Mergers
Currency
Union Shop
31. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
New Individualism
Most Favorited Nation
Corporate Management
32. Committed her life to social reform - immigrant committee
Union Shop
Populism
Stagflation
Francis Kellor
33. Worked divided by specific tasks. i.e. accounting - production - ect.
Gilded Age
Consumerism
Functional Departmentalization
Franklin Roosevelt
34. Corporate offices
Keynes Economic Theory
Booming American Automobile Industry
Decentralized Management
Industrial Democracy
35. Urged the gov't to control the money supply in order to control inflation.
Franchisor
John D. Rockafeller
Monetarism
Bill Gates - Paul Allen
36. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Marshall Plan
Functional Departmentalization
John D. Rockafeller
37. 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
Anti-trust Policy
Glass Ceiling
Bill Gates - Paul Allen
38. Business leaders sought to achieve cooperation among business - labor and government.
New Individualism
Corporatism
Progressivism
Henry Ford
39. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Montgomery Ward
Economic Prosperity
Military Industrial Complex
40. Sears.
Montgomery Ward
Military Industrial Complex
Glass Ceiling
Military Industrial Complex 2
41. Oil refining business. He was the first billionaire.
Du Pont
John D. Rockafeller
Corporation
Taft Hartley Act
42. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Stagflation
Conglomerates
Marketing
43. Panic of 1907 - 5 members - foreign transactions went through NY.
Marshall Plan
Consumerism
Du Pont
1913 Federal Reserve Board
44. Goal was to represent the interests of American business in general.
Corporation
Franchisee
Glass Ceiling
U.S Chamber of Commerce
45. Reduction in diversification. Reduction in layers of management.
Du Pont
Consequences of Mergers
Military Industrial Complex 2
Hepburn Act
46. First college of business.
Corporatism
Sherman Anti-Trust Act
University of PA
Economic Prosperity
47. Free trade between US - Canada - Mexico
Marketing
Consequences of Mergers
NAFTA
Marshall Plan
48. Companies had the right to manage. Union leaders.
Social Responsibility
Monetarism
Military Industrial Complex
Taft Hartley Act
49. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Corporatism
Laissez Faire
Andrew Carnegie
50. President. Standard oil - american tobacco - us steel.
William Taft
Most Favorited Nation
Oligopoly
Sears
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