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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. Committed her life to social reform - immigrant committee
Mircosoft
Salmon Chase
Populism
Francis Kellor
2. Inflation continued in the absence of robust economic growth.
Booming American Automobile Industry
Stagflation
Gilded Age
Progressivism
3. Goal was to represent the interests of American business in general.
Functional Departmentalization
Marketing
Richard T. Ely
U.S Chamber of Commerce
4. President. Standard oil - american tobacco - us steel.
Monetarism
Stagflation
Mass Industry
William Taft
5. GM - Ford - and Chrysler dominated the market. GM=50% share
Social Responsibility
Booming American Automobile Industry
Closed Shop
1913 Federal Reserve Board
6. Panic of 1907 - 5 members - foreign transactions went through NY.
New Individualism
Booming American Automobile Industry
Keynes Economic Theory
1913 Federal Reserve Board
7. Sec. of Treasury under lincoln. Father of national Banking system.
Corporate Management
Marketing
Gilded Age
Salmon Chase
8. Burden of proof to raise rates was now the responsibility of the railroads.
Employment & Production Act
Mann-Elkins Act
Union Shop
Mircosoft
9. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Open Prices
Currency
Marketing
10. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Leveraged Buyout
Military Industrial Complex 2
Employment & Production Act
Open Shop
11. Reduction in diversification. Reduction in layers of management.
Vertical Integration
NAFTA
Mircosoft
Consequences of Mergers
12. Employers can hire whoever they want. Both union and non union.
Vertical Integration
University of PA
Glass Ceiling
Open Shop
13. Companies had the right to manage. Union leaders.
Taft Hartley Act
Oligopoly
Bill Gates - Paul Allen
Montgomery Ward
14. 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.
Managerial Revolution
Marketing
Frederick Taylor
Mircosoft
15. Most favored nation. Trade barriers raised.
Laissez Faire
Trade
Montgomery Ward
Franchisee
16. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Decentralized Management
Monetarism
New Individualism
17. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Bank Holidays
Sherman Anti-Trust Act
Open Shop
Business Bureaucracies
18. Congress established a national banking system.
Civil War
Deregulation
Salmon Chase
Francis Kellor
19. Setting of prices by mangers of large firms.
Leveraged Buyout
Populism
Ralph Nader
Administrative pricing
20. Free trade between US - Canada - Mexico
Ralph Nader
Mircosoft
Andrew Carnegie
NAFTA
21. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Social Responsibility
Deregulation
Marketing
Post-Industrial Economy
22. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Economic Prosperity
Bill Gates - Paul Allen
The Great Depression
23. 1929 stock market crashed
Closed Shop
Disposable Income
Marketing
Herbert Hoover
24. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Union Shop
Functional Departmentalization
Anti-trust Policy
Conglomerates
25. Gold drain; exchange rates; free floating
John D. Rockafeller
Henry Ford
Corporate Management
Currency
26. Started as a gun powder company - Rate of return.
Ralph Nader
Military Industrial Complex 2
Du Pont
Corporatism
27. Urged the gov't to control the money supply in order to control inflation.
Laissez Faire
Monetarism
Civil Rights Act
Consumerism
28. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
U.S Chamber of Commerce
Andrew Carnegie
Open Shop
29. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Marshall Plan
Sears
Laissez Faire
30. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Organization of Petroleum Exporting Countries
Disposable Income
Military Industrial Complex
William Taft
31. Provided national advertising and mass production
Richard T. Ely
Hepburn Act
Franchisor
Corporate Management
32. Alliance among public agencies - private firms and trade associations to handle international competitions.
Gilded Age
Industrial Policy
Montgomery Ward
Economic Prosperity
33. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Gilded Age
Keynes Economic Theory
Consumer Durables
Social Responsibility
34. A few firms dominate an industry. Price competition decreased.
Oligopoly
Salmon Chase
Decentralized Management
William Taft
35. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Franklin Roosevelt
Bank Holidays
Open Prices
36. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Post-Industrial Economy
Populism
New Individualism
37. Most women were stalled at middle management levels.
Military Industrial Complex 2
Gilded Age
Marshall Plan
Glass Ceiling
38. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Taft Hartley Act
Welfare Capitalism
Disposable Income
39. Workers would enjoy the rights of association and the ability to influence wage levels.
Green Backs
Military Industrial Complex
Mass Industry
Industrial Democracy
40. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Disposable Income
Franchisor
Organization of Petroleum Exporting Countries
41. Sears.
Keynes Economic Theory
Anti-trust Policy
Deregulation
Montgomery Ward
42. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Corporation
Du Pont
Decentralized Management
43. Corporate offices
Union Shop
Horizontal Integration
Decentralized Management
Mann-Elkins Act
44. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
University of PA
Organization of Petroleum Exporting Countries
Business Bureaucracies
The Great Depression
45. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mircosoft
Franchisee
Herbert Hoover
Mass Industry
46. Income people could do with as the pleased.
Disposable Income
Franchisor
New Individualism
Associative State
47. Worked divided by specific tasks. i.e. accounting - production - ect.
Industrial Policy
Stagflation
Functional Departmentalization
Associative State
48. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Trade
Welfare Capitalism
Mircosoft
49. First college of business.
Sherman Anti-Trust Act
University of PA
Monetarism
Progressivism
50. Business leaders sought to achieve cooperation among business - labor and government.
Sears
Corporatism
Progressivism
Business Bureaucracies