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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
Hostile Takeover
Industrial Democracy
Horizontal Integration
Francis Kellor
2. Burden of proof to raise rates was now the responsibility of the railroads.
Hostile Takeover
Managerial Revolution
Mann-Elkins Act
Industrial Democracy
3. Few companies combines forces to control production of sale of a product.
Andrew Carnegie
Open Shop
Deregulation
Horizontal Integration
4. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Taft Hartley Act
Henry Ford
Marketing
Oligopoly
5. Business leaders sought to achieve cooperation among business - labor and government.
Welfare Capitalism
Populism
Corporatism
Mann-Elkins Act
6. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Military Industrial Complex 2
Civil Rights Act
Conglomerates
Post-Industrial Economy
7. Employers can hire whoever they want. Both union and non union.
Open Shop
Montgomery Ward
Most Favorited Nation
Military Industrial Complex 2
8. Developed the assembly line. Anti Union. Model T.
Marshall Plan
Conglomerates
Henry Ford
Decentralized Management
9. Use of stock tender to offer to buy a company that did not want to sell.
New Individualism
Hostile Takeover
Frederick Taylor
Salmon Chase
10. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Deregulation
Du Pont
Business Bureaucracies
University of PA
11. Panic of 1907 - 5 members - foreign transactions went through NY.
Currency
1913 Federal Reserve Board
U.S Chamber of Commerce
Conglomerates
12. Formalized business practices by standardized management practices.
Taft Hartley Act
Managerial Revolution
Stagflation
Functional Departmentalization
13. Oil refining business. He was the first billionaire.
Administrative pricing
John D. Rockafeller
Corporate Management
Marketing
14. Use borrowed money to buy company. Sometimes used to take 'stock private'
Economic Prosperity
Post-Industrial Economy
Leveraged Buyout
Corporatism
15. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Civil Rights Act
Deregulation
Andrew Carnegie
Green Backs
16. Setting of prices by mangers of large firms.
Salmon Chase
Administrative pricing
Corporation
Herbert Hoover
17. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Currency
Stagflation
Social Responsibility
Trade
18. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex 2
Military Industrial Complex
U.S Chamber of Commerce
Disposable Income
19. Could only hire union workers. Illegal
Populism
William Taft
New Individualism
Closed Shop
20. Income people could do with as the pleased.
Disposable Income
Leveraged Buyout
Industrial Democracy
Currency
21. 1929 stock market crashed
Laissez Faire
Herbert Hoover
Franchisee
Decentralized Management
22. Programs intended to stabilize the economy while maintaining individual autonomy.
Gilded Age
John D. Rockafeller
Associative State
Leveraged Buyout
23. Worlds largest provider of computer software for desktops.
Marketing
Du Pont
Mircosoft
Decentralized Management
24. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Organization of Petroleum Exporting Countries
Functional Departmentalization
Oligopoly
Anti-trust Policy
25. Corporate offices
Salmon Chase
Booming American Automobile Industry
Decentralized Management
Hostile Takeover
26. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Most Favorited Nation
Hostile Takeover
Post-Industrial Economy
Bank Holidays
27. Reduction in diversification. Reduction in layers of management.
Consumer Durables
Military Industrial Complex 2
Administrative pricing
Consequences of Mergers
28. Urged the gov't to control the money supply in order to control inflation.
New Individualism
Associative State
Monetarism
Consequences of Mergers
29. Sought to break up the control of big business to create more opportunities.
Progressivism
Horizontal Integration
Populism
Andrew Carnegie
30. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
U.S Chamber of Commerce
Marshall Plan
Employment & Production Act
31. Let the people do as they please
Laissez Faire
Horizontal Integration
Currency
Booming American Automobile Industry
32. A few firms dominate an industry. Price competition decreased.
Andrew Carnegie
Consequences of Mergers
Oligopoly
Consumerism
33. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Laissez Faire
Oligopoly
Mass Industry
34. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Keynes Economic Theory
Welfare Capitalism
Franklin Roosevelt
35. Dominated the retail industry by mail order only selling.
Hostile Takeover
Sears
Administrative pricing
Consumerism
36. Provided national advertising and mass production
Progressivism
Herbert Hoover
Franchisor
Green Backs
37. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Ralph Nader
NAFTA
Herbert Hoover
The Great Depression
38. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Leveraged Buyout
Laissez Faire
Gilded Age
39. First college of business.
Bank Holidays
Welfare Capitalism
Civil Rights Act
University of PA
40. Workers would enjoy the rights of association and the ability to influence wage levels.
Corporate Management
Marketing
Organization of Petroleum Exporting Countries
Industrial Democracy
41. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
1913 Federal Reserve Board
Green Backs
Gilded Age
Administrative pricing
42. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Business Bureaucracies
Associative State
Richard T. Ely
43. 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.
Deregulation
Union Shop
Frederick Taylor
Stagflation
44. President. Standard oil - american tobacco - us steel.
Open Shop
William Taft
Green Backs
Ralph Nader
45. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Frederick Taylor
Franchisee
Most Favorited Nation
Salmon Chase
46. Promote economic recovery in Europe.
Marshall Plan
Mass Industry
Civil War
Disposable Income
47. Most women were stalled at middle management levels.
Anti-trust Policy
U.S Chamber of Commerce
Glass Ceiling
Most Favorited Nation
48. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Keynes Economic Theory
Richard T. Ely
Disposable Income
49. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
1913 Federal Reserve Board
Open Prices
Franklin Roosevelt
Monetarism
50. Paper currency issued by the government to finance to civil war.
Industrial Democracy
Green Backs
Civil Rights Act
Vertical Integration