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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.
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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. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Industrial Policy
Laissez Faire
Union Shop
2. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Industrial Democracy
Disposable Income
Consumer Durables
The Great Depression
3. Inflation continued in the absence of robust economic growth.
University of PA
Stagflation
Herbert Hoover
Social Responsibility
4. 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.
Horizontal Integration
Sherman Anti-Trust Act
Marketing
Ralph Nader
5. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Bill Gates - Paul Allen
Corporate Management
Franchisee
Decentralized Management
6. Formalized business practices by standardized management practices.
Civil Rights Act
Employment & Production Act
Managerial Revolution
U.S Chamber of Commerce
7. Sears.
Montgomery Ward
Consumerism
Trade
Du Pont
8. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Marketing
University of PA
Disposable Income
9. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
1913 Federal Reserve Board
Keynes Economic Theory
Green Backs
Monetarism
10. Business - not independent trade unions should look after the best interest of the workers.
Post-Industrial Economy
Welfare Capitalism
Gilded Age
Conglomerates
11. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Civil Rights Act
Montgomery Ward
Marketing
12. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
William Taft
New Individualism
Civil War
13. Provided national advertising and mass production
Franchisor
Mann-Elkins Act
Glass Ceiling
William Taft
14. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
NAFTA
Marketing
Trade
Conglomerates
15. Promote economic recovery in Europe.
Business Bureaucracies
Post-Industrial Economy
Leveraged Buyout
Marshall Plan
16. Paper currency issued by the government to finance to civil war.
Corporation
Welfare Capitalism
Green Backs
Social Responsibility
17. Few companies combines forces to control production of sale of a product.
Franchisor
Horizontal Integration
Mann-Elkins Act
Andrew Carnegie
18. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Functional Departmentalization
Open Prices
Business Bureaucracies
U.S Chamber of Commerce
19. Committed her life to social reform - immigrant committee
Open Prices
Corporate Management
Laissez Faire
Francis Kellor
20. Started as a gun powder company - Rate of return.
Consequences of Mergers
Du Pont
Marketing
Open Prices
21. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Populism
New Individualism
Sears
22. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
New Individualism
Civil War
Richard T. Ely
23. Use borrowed money to buy company. Sometimes used to take 'stock private'
John D. Rockafeller
Leveraged Buyout
Currency
Closed Shop
24. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Closed Shop
Andrew Carnegie
Sears
25. 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.
Frederick Taylor
Monetarism
The Great Depression
Taft Hartley Act
26. Congress established a national banking system.
Booming American Automobile Industry
Francis Kellor
Civil War
U.S Chamber of Commerce
27. Interstate Commerce Commission was strengthened. Regulated rates.
John D. Rockafeller
Decentralized Management
Franchisee
Hepburn Act
28. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Bill Gates - Paul Allen
Decentralized Management
New Individualism
Marketing
29. Developed the assembly line. Anti Union. Model T.
Consumer Durables
Henry Ford
NAFTA
Franchisee
30. Burden of proof to raise rates was now the responsibility of the railroads.
Most Favorited Nation
NAFTA
Mann-Elkins Act
Disposable Income
31. First college of business.
Organization of Petroleum Exporting Countries
University of PA
Marshall Plan
Industrial Democracy
32. Use of stock tender to offer to buy a company that did not want to sell.
Trade
Montgomery Ward
Decentralized Management
Hostile Takeover
33. Most favored nation. Trade barriers raised.
William Taft
Trade
Horizontal Integration
Corporation
34. American firms were poised to dominate economic activity in a system of free trade.
Functional Departmentalization
Economic Prosperity
Bank Holidays
Corporation
35. Alliance among public agencies - private firms and trade associations to handle international competitions.
Richard T. Ely
Laissez Faire
Booming American Automobile Industry
Industrial Policy
36. Goal was to represent the interests of American business in general.
John D. Rockafeller
Montgomery Ward
Bill Gates - Paul Allen
U.S Chamber of Commerce
37. Most women were stalled at middle management levels.
Most Favorited Nation
Glass Ceiling
Associative State
Corporatism
38. Let the people do as they please
Laissez Faire
Herbert Hoover
Disposable Income
Consumerism
39. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Horizontal Integration
Union Shop
Marketing
Civil War
40. Worlds largest provider of computer software for desktops.
Green Backs
Henry Ford
Mircosoft
Francis Kellor
41. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Franchisee
Functional Departmentalization
Consumer Durables
42. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Consequences of Mergers
Hepburn Act
Economic Prosperity
43. GM - Ford - and Chrysler dominated the market. GM=50% share
John D. Rockafeller
Consumer Durables
Vertical Integration
Booming American Automobile Industry
44. Ultimate authority of nations economic well being shifted from private arena - to public arena.
University of PA
Mircosoft
Employment & Production Act
Progressivism
45. A few firms dominate an industry. Price competition decreased.
Oligopoly
Herbert Hoover
Franchisee
Disposable Income
46. Setting of prices by mangers of large firms.
Franchisor
Franchisee
Administrative pricing
New Individualism
47. Set of values that placed a higher priority on the use of good than on their production.
Industrial Policy
New Individualism
Industrial Democracy
Consumerism
48. 1929 stock market crashed
Montgomery Ward
Horizontal Integration
Sears
Herbert Hoover
49. Employers can hire whoever they want. Both union and non union.
Consumerism
Open Shop
Functional Departmentalization
Economic Prosperity
50. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Progressivism
Franklin Roosevelt
Trade
Disposable Income
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