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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. Could only hire union workers. Illegal
Closed Shop
Franchisee
Corporation
Hepburn Act
2. Sec. of Treasury under lincoln. Father of national Banking system.
University of PA
Hepburn Act
Corporate Management
Salmon Chase
3. Gold drain; exchange rates; free floating
Economic Prosperity
Civil Rights Act
Currency
Laissez Faire
4. Few companies combines forces to control production of sale of a product.
Business Bureaucracies
Horizontal Integration
Currency
Salmon Chase
5. Promote economic recovery in Europe.
Gilded Age
Economic Prosperity
Marshall Plan
Vertical Integration
6. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Military Industrial Complex 2
Deregulation
Mircosoft
7. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Franklin Roosevelt
Conglomerates
Social Responsibility
New Individualism
8. Creators of Microsoft
Hepburn Act
Bill Gates - Paul Allen
Open Prices
Managerial Revolution
9. Employers can hire whoever they want. Both union and non union.
Mass Industry
Keynes Economic Theory
Social Responsibility
Open Shop
10. Oil refining business. He was the first billionaire.
Most Favorited Nation
John D. Rockafeller
Henry Ford
Industrial Policy
11. Business leaders sought to achieve cooperation among business - labor and government.
Laissez Faire
Military Industrial Complex
Marshall Plan
Corporatism
12. Dominated the retail industry by mail order only selling.
Keynes Economic Theory
Civil Rights Act
Sears
Military Industrial Complex
13. Inflation continued in the absence of robust economic growth.
Business Bureaucracies
Consumerism
Sherman Anti-Trust Act
Stagflation
14. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Consumer Durables
Business Bureaucracies
Du Pont
Trade
15. Worlds largest provider of computer software for desktops.
Administrative pricing
Hostile Takeover
Organization of Petroleum Exporting Countries
Mircosoft
16. 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.
Montgomery Ward
Civil Rights Act
Post-Industrial Economy
Marketing
17. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Post-Industrial Economy
Leveraged Buyout
Disposable Income
Franklin Roosevelt
18. First college of business.
Conglomerates
University of PA
Post-Industrial Economy
1913 Federal Reserve Board
19. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Currency
Andrew Carnegie
Laissez Faire
Deregulation
20. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Employment & Production Act
Administrative pricing
Salmon Chase
21. A few firms dominate an industry. Price competition decreased.
Hostile Takeover
The Great Depression
Decentralized Management
Oligopoly
22. Provided national advertising and mass production
Francis Kellor
Sherman Anti-Trust Act
Franchisor
Corporatism
23. Income people could do with as the pleased.
Henry Ford
Disposable Income
Conglomerates
Franchisor
24. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Franchisor
Vertical Integration
Employment & Production Act
Marketing
25. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Green Backs
Marketing
Mass Industry
Anti-trust Policy
26. Business - not independent trade unions should look after the best interest of the workers.
Military Industrial Complex
Disposable Income
Welfare Capitalism
Corporatism
27. President. Standard oil - american tobacco - us steel.
Civil Rights Act
Corporatism
Associative State
William Taft
28. Free trade between US - Canada - Mexico
NAFTA
Anti-trust Policy
Consumerism
Andrew Carnegie
29. GM - Ford - and Chrysler dominated the market. GM=50% share
Consumerism
Business Bureaucracies
Booming American Automobile Industry
William Taft
30. Items purchased by consumers for use over more than a year or two.
Post-Industrial Economy
Montgomery Ward
Oligopoly
Consumer Durables
31. Formalized business practices by standardized management practices.
Managerial Revolution
Military Industrial Complex
Industrial Policy
Economic Prosperity
32. Setting of prices by mangers of large firms.
Montgomery Ward
Economic Prosperity
Civil Rights Act
Administrative pricing
33. 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.
Bill Gates - Paul Allen
Francis Kellor
Managerial Revolution
Frederick Taylor
34. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Glass Ceiling
Military Industrial Complex 2
Corporation
Welfare Capitalism
35. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Herbert Hoover
Marketing
Deregulation
Leveraged Buyout
36. Congress established a national banking system.
Decentralized Management
Employment & Production Act
Civil War
Welfare Capitalism
37. Sears.
Post-Industrial Economy
Montgomery Ward
Laissez Faire
Welfare Capitalism
38. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Post-Industrial Economy
Taft Hartley Act
Keynes Economic Theory
Consequences of Mergers
39. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Anti-trust Policy
Consumer Durables
Populism
40. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Currency
Henry Ford
Social Responsibility
Herbert Hoover
41. Use borrowed money to buy company. Sometimes used to take 'stock private'
Horizontal Integration
NAFTA
Ralph Nader
Leveraged Buyout
42. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Bank Holidays
Monetarism
Functional Departmentalization
Conglomerates
43. Companies had the right to manage. Union leaders.
Horizontal Integration
Francis Kellor
Taft Hartley Act
Functional Departmentalization
44. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
NAFTA
Leveraged Buyout
Salmon Chase
45. Started as a gun powder company - Rate of return.
Keynes Economic Theory
The Great Depression
Du Pont
Economic Prosperity
46. Committed her life to social reform - immigrant committee
Franchisor
Salmon Chase
Francis Kellor
Civil War
47. Worked divided by specific tasks. i.e. accounting - production - ect.
Green Backs
Franchisee
Functional Departmentalization
Administrative pricing
48. Corporate offices
Decentralized Management
Corporatism
Francis Kellor
Consumer Durables
49. 1929 stock market crashed
Decentralized Management
Herbert Hoover
Populism
Progressivism
50. Alliance among public agencies - private firms and trade associations to handle international competitions.
Progressivism
Monetarism
Hepburn Act
Industrial Policy