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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. Goal was to represent the interests of American business in general.
Marketing
Corporate Management
U.S Chamber of Commerce
Corporation
2. Most women were stalled at middle management levels.
Closed Shop
Glass Ceiling
Post-Industrial Economy
Welfare Capitalism
3. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Taft Hartley Act
1913 Federal Reserve Board
Marketing
4. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Booming American Automobile Industry
Corporatism
Economic Prosperity
Social Responsibility
5. Workers would enjoy the rights of association and the ability to influence wage levels.
Consumer Durables
Industrial Democracy
Green Backs
Consequences of Mergers
6. Started as a gun powder company - Rate of return.
Mann-Elkins Act
Civil Rights Act
Du Pont
Franklin Roosevelt
7. 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.
U.S Chamber of Commerce
Franklin Roosevelt
Frederick Taylor
Administrative pricing
8. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Civil Rights Act
Taft Hartley Act
Industrial Democracy
9. Developed the assembly line. Anti Union. Model T.
Deregulation
Consumerism
Taft Hartley Act
Henry Ford
10. GM - Ford - and Chrysler dominated the market. GM=50% share
Industrial Policy
Booming American Automobile Industry
Herbert Hoover
Open Prices
11. Income people could do with as the pleased.
Civil Rights Act
Disposable Income
Richard T. Ely
U.S Chamber of Commerce
12. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Industrial Policy
Anti-trust Policy
U.S Chamber of Commerce
Franklin Roosevelt
13. Companies had the right to manage. Union leaders.
Sherman Anti-Trust Act
William Taft
Taft Hartley Act
Franchisee
14. Paper currency issued by the government to finance to civil war.
Franklin Roosevelt
Decentralized Management
Green Backs
Laissez Faire
15. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Stagflation
Franchisee
U.S Chamber of Commerce
16. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Franchisor
Andrew Carnegie
Booming American Automobile Industry
17. Interstate Commerce Commission was strengthened. Regulated rates.
Business Bureaucracies
Ralph Nader
Progressivism
Hepburn Act
18. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Business Bureaucracies
Consumer Durables
Keynes Economic Theory
Monetarism
19. Creators of Microsoft
Bill Gates - Paul Allen
Marshall Plan
Corporate Management
Stagflation
20. Items purchased by consumers for use over more than a year or two.
Gilded Age
Consumer Durables
Open Prices
Consequences of Mergers
21. Employers can hire whoever they want. Both union and non union.
Organization of Petroleum Exporting Countries
Green Backs
Glass Ceiling
Open Shop
22. Programs intended to stabilize the economy while maintaining individual autonomy.
Currency
Marketing
Associative State
1913 Federal Reserve Board
23. 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.
Employment & Production Act
Marketing
Sherman Anti-Trust Act
Deregulation
24. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Oligopoly
Herbert Hoover
Franchisee
Hepburn Act
25. Formalized business practices by standardized management practices.
Corporation
Sears
Managerial Revolution
Functional Departmentalization
26. President. Standard oil - american tobacco - us steel.
John D. Rockafeller
Montgomery Ward
Closed Shop
William Taft
27. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Stagflation
Closed Shop
Ralph Nader
Trade
28. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Taft Hartley Act
Salmon Chase
Mircosoft
29. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Open Shop
Leveraged Buyout
Decentralized Management
Organization of Petroleum Exporting Countries
30. Sears.
Montgomery Ward
Marketing
Vertical Integration
Mircosoft
31. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
U.S Chamber of Commerce
Andrew Carnegie
Conglomerates
32. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Deregulation
Franklin Roosevelt
Keynes Economic Theory
Sears
33. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Trade
Progressivism
Richard T. Ely
34. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Managerial Revolution
Economic Prosperity
Richard T. Ely
Marketing
35. Free trade between US - Canada - Mexico
NAFTA
Sears
John D. Rockafeller
Mircosoft
36. Sought to break up the control of big business to create more opportunities.
Populism
Taft Hartley Act
U.S Chamber of Commerce
New Individualism
37. 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
Consumer Durables
Hepburn Act
Montgomery Ward
38. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Military Industrial Complex
Henry Ford
Deregulation
39. Promote economic recovery in Europe.
Employment & Production Act
NAFTA
Marshall Plan
John D. Rockafeller
40. Gold drain; exchange rates; free floating
Currency
Employment & Production Act
Administrative pricing
Conglomerates
41. Setting of prices by mangers of large firms.
Administrative pricing
Taft Hartley Act
Franchisor
Corporatism
42. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Industrial Democracy
Stagflation
1913 Federal Reserve Board
Military Industrial Complex
43. Let the people do as they please
Francis Kellor
Laissez Faire
Post-Industrial Economy
Associative State
44. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Vertical Integration
Glass Ceiling
Decentralized Management
45. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Deregulation
Progressivism
Populism
Post-Industrial Economy
46. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Henry Ford
Green Backs
Corporation
47. Use of stock tender to offer to buy a company that did not want to sell.
Mircosoft
Post-Industrial Economy
Hostile Takeover
Administrative pricing
48. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Mass Industry
Du Pont
Marshall Plan
49. Oil refining business. He was the first billionaire.
John D. Rockafeller
Marketing
Richard T. Ely
Stagflation
50. Committed her life to social reform - immigrant committee
Sherman Anti-Trust Act
Military Industrial Complex 2
Industrial Policy
Francis Kellor