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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. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Green Backs
Bill Gates - Paul Allen
Marshall Plan
2. Sears.
Corporate Management
Montgomery Ward
Open Prices
Open Shop
3. American firms were poised to dominate economic activity in a system of free trade.
Industrial Policy
Vertical Integration
Economic Prosperity
U.S Chamber of Commerce
4. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Functional Departmentalization
Ralph Nader
Managerial Revolution
Business Bureaucracies
5. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Gilded Age
Franklin Roosevelt
Sears
Post-Industrial Economy
6. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Green Backs
Franchisor
Franchisee
7. Let the people do as they please
Herbert Hoover
Andrew Carnegie
Union Shop
Laissez Faire
8. Inflation continued in the absence of robust economic growth.
Booming American Automobile Industry
Trade
Stagflation
Andrew Carnegie
9. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Leveraged Buyout
Union Shop
Mann-Elkins Act
Richard T. Ely
10. Paper currency issued by the government to finance to civil war.
The Great Depression
Green Backs
Leveraged Buyout
Corporation
11. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Industrial Democracy
Progressivism
NAFTA
Disposable Income
12. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Francis Kellor
Welfare Capitalism
Hostile Takeover
Corporate Management
13. Developed the assembly line. Anti Union. Model T.
Post-Industrial Economy
Du Pont
Henry Ford
Closed Shop
14. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Civil War
Henry Ford
Decentralized Management
15. Worlds largest provider of computer software for desktops.
Consequences of Mergers
Mircosoft
Corporate Management
Post-Industrial Economy
16. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Conglomerates
William Taft
Keynes Economic Theory
Gilded Age
17. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
1913 Federal Reserve Board
Sears
Sherman Anti-Trust Act
18. GM - Ford - and Chrysler dominated the market. GM=50% share
Conglomerates
Frederick Taylor
Booming American Automobile Industry
Closed Shop
19. A few firms dominate an industry. Price competition decreased.
Oligopoly
Post-Industrial Economy
Herbert Hoover
Stagflation
20. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Functional Departmentalization
Horizontal Integration
Mass Industry
Open Shop
21. 1929 stock market crashed
Bank Holidays
Gilded Age
Richard T. Ely
Herbert Hoover
22. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Hostile Takeover
Franklin Roosevelt
Anti-trust Policy
23. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Corporate Management
Functional Departmentalization
Frederick Taylor
Anti-trust Policy
24. Panic of 1907 - 5 members - foreign transactions went through NY.
NAFTA
Marketing
1913 Federal Reserve Board
Glass Ceiling
25. Oil refining business. He was the first billionaire.
Hostile Takeover
Organization of Petroleum Exporting Countries
John D. Rockafeller
Industrial Policy
26. Programs intended to stabilize the economy while maintaining individual autonomy.
Closed Shop
Industrial Democracy
Decentralized Management
Associative State
27. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Union Shop
Laissez Faire
Industrial Democracy
Corporation
28. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Taft Hartley Act
Marketing
Conglomerates
Gilded Age
29. Promote economic recovery in Europe.
Franchisor
Green Backs
Marshall Plan
NAFTA
30. Most favored nation. Trade barriers raised.
Consumer Durables
Trade
U.S Chamber of Commerce
Consumerism
31. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Associative State
Frederick Taylor
Most Favorited Nation
Employment & Production Act
32. 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.
Stagflation
Horizontal Integration
Glass Ceiling
Marketing
33. Worked divided by specific tasks. i.e. accounting - production - ect.
Hostile Takeover
Du Pont
Functional Departmentalization
University of PA
34. First college of business.
University of PA
Marketing
The Great Depression
Business Bureaucracies
35. Control all aspects of an industry from raw materials to retail.
Leveraged Buyout
Vertical Integration
Civil War
Oligopoly
36. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Consequences of Mergers
Andrew Carnegie
Mircosoft
Economic Prosperity
37. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Marshall Plan
Green Backs
Consequences of Mergers
38. Creators of Microsoft
Managerial Revolution
Bill Gates - Paul Allen
Herbert Hoover
Closed Shop
39. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Mircosoft
Currency
1913 Federal Reserve Board
Military Industrial Complex 2
40. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Decentralized Management
Marketing
Corporate Management
Administrative pricing
41. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Booming American Automobile Industry
Montgomery Ward
Post-Industrial Economy
42. Gold drain; exchange rates; free floating
Military Industrial Complex
Gilded Age
Welfare Capitalism
Currency
43. Most women were stalled at middle management levels.
Glass Ceiling
Vertical Integration
Mass Industry
Taft Hartley Act
44. Sec. of Treasury under lincoln. Father of national Banking system.
NAFTA
William Taft
Salmon Chase
Hostile Takeover
45. Congress established a national banking system.
Open Prices
Marketing
Franklin Roosevelt
Civil War
46. Provided national advertising and mass production
Franchisor
Social Responsibility
Du Pont
Franchisee
47. Started as a gun powder company - Rate of return.
Sherman Anti-Trust Act
Franchisee
Vertical Integration
Du Pont
48. Use borrowed money to buy company. Sometimes used to take 'stock private'
Booming American Automobile Industry
Leveraged Buyout
Industrial Democracy
Andrew Carnegie
49. Use of stock tender to offer to buy a company that did not want to sell.
Montgomery Ward
Vertical Integration
Franchisor
Hostile Takeover
50. Committed her life to social reform - immigrant committee
Hepburn Act
Herbert Hoover
Closed Shop
Francis Kellor