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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. Programs intended to stabilize the economy while maintaining individual autonomy.
Open Prices
Monetarism
Hostile Takeover
Associative State
2. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Oligopoly
Bank Holidays
Monetarism
NAFTA
3. Congress established a national banking system.
Social Responsibility
Marketing
Civil War
Mass Industry
4. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Trade
Frederick Taylor
The Great Depression
Hostile Takeover
5. American firms were poised to dominate economic activity in a system of free trade.
Ralph Nader
Marketing
Open Prices
Economic Prosperity
6. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Consequences of Mergers
Conglomerates
Military Industrial Complex 2
Salmon Chase
7. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Anti-trust Policy
Social Responsibility
Decentralized Management
8. Sears.
Du Pont
Montgomery Ward
Oligopoly
Vertical Integration
9. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Keynes Economic Theory
Military Industrial Complex
Bank Holidays
University of PA
10. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Marketing
Closed Shop
Franchisee
Laissez Faire
11. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Hepburn Act
Managerial Revolution
Administrative pricing
Franklin Roosevelt
12. Started as a gun powder company - Rate of return.
Du Pont
Francis Kellor
Mass Industry
Most Favorited Nation
13. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Montgomery Ward
Open Prices
Franklin Roosevelt
Decentralized Management
14. Let the people do as they please
Glass Ceiling
Laissez Faire
Decentralized Management
Corporate Management
15. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Civil Rights Act
Civil War
Most Favorited Nation
16. Promote economic recovery in Europe.
Industrial Democracy
Marshall Plan
Bank Holidays
Marketing
17. Panic of 1907 - 5 members - foreign transactions went through NY.
Franchisor
1913 Federal Reserve Board
Progressivism
John D. Rockafeller
18. Could only hire union workers. Illegal
Closed Shop
Laissez Faire
Military Industrial Complex 2
New Individualism
19. Most favored nation. Trade barriers raised.
Du Pont
Mann-Elkins Act
Currency
Trade
20. Alliance among public agencies - private firms and trade associations to handle international competitions.
Gilded Age
Mircosoft
Industrial Policy
Business Bureaucracies
21. 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.
Civil Rights Act
Marketing
Anti-trust Policy
Military Industrial Complex 2
22. Companies had the right to manage. Union leaders.
Sears
Managerial Revolution
Taft Hartley Act
New Individualism
23. Use borrowed money to buy company. Sometimes used to take 'stock private'
Social Responsibility
Leveraged Buyout
Administrative pricing
Oligopoly
24. Employers can hire whoever they want. Both union and non union.
Bank Holidays
Consequences of Mergers
Laissez Faire
Open Shop
25. Gold drain; exchange rates; free floating
Laissez Faire
Currency
Civil Rights Act
Disposable Income
26. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Franklin Roosevelt
Business Bureaucracies
Corporation
Trade
27. 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
Sears
Sherman Anti-Trust Act
Leveraged Buyout
28. Formalized business practices by standardized management practices.
The Great Depression
Employment & Production Act
Herbert Hoover
Managerial Revolution
29. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Military Industrial Complex
Oligopoly
Keynes Economic Theory
30. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Mircosoft
Union Shop
Economic Prosperity
Employment & Production Act
31. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Business Bureaucracies
Consequences of Mergers
Civil War
Keynes Economic Theory
32. Creators of Microsoft
Industrial Policy
Bill Gates - Paul Allen
Oligopoly
Hostile Takeover
33. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Employment & Production Act
Organization of Petroleum Exporting Countries
Union Shop
Herbert Hoover
34. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Green Backs
Consumerism
Corporation
New Individualism
35. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Oligopoly
University of PA
Industrial Democracy
Marketing
36. Interstate Commerce Commission was strengthened. Regulated rates.
Consumer Durables
Horizontal Integration
Hepburn Act
Conglomerates
37. Setting of prices by mangers of large firms.
Vertical Integration
1913 Federal Reserve Board
Administrative pricing
The Great Depression
38. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Marketing
Sears
Corporation
Progressivism
39. Few companies combines forces to control production of sale of a product.
Sears
Stagflation
Open Shop
Horizontal Integration
40. Items purchased by consumers for use over more than a year or two.
Booming American Automobile Industry
Corporate Management
Consumer Durables
Corporation
41. President. Standard oil - american tobacco - us steel.
Henry Ford
Consequences of Mergers
Richard T. Ely
William Taft
42. Free trade between US - Canada - Mexico
1913 Federal Reserve Board
NAFTA
Marketing
Civil Rights Act
43. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Most Favorited Nation
Marketing
Corporate Management
44. Burden of proof to raise rates was now the responsibility of the railroads.
Herbert Hoover
Corporate Management
Mann-Elkins Act
Functional Departmentalization
45. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Union Shop
Du Pont
Industrial Democracy
46. Control all aspects of an industry from raw materials to retail.
Henry Ford
Business Bureaucracies
Vertical Integration
Mann-Elkins Act
47. 1929 stock market crashed
Marketing
Herbert Hoover
Organization of Petroleum Exporting Countries
Sherman Anti-Trust Act
48. Goal was to represent the interests of American business in general.
Green Backs
U.S Chamber of Commerce
Industrial Democracy
Gilded Age
49. Most women were stalled at middle management levels.
Deregulation
Glass Ceiling
Consumerism
Trade
50. First college of business.
Monetarism
Henry Ford
1913 Federal Reserve Board
University of PA