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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. Use borrowed money to buy company. Sometimes used to take 'stock private'
1913 Federal Reserve Board
Ralph Nader
Marketing
Leveraged Buyout
2. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Oligopoly
Vertical Integration
Bill Gates - Paul Allen
3. Could only hire union workers. Illegal
Deregulation
Closed Shop
Marketing
Organization of Petroleum Exporting Countries
4. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Stagflation
Franchisee
NAFTA
Consumer Durables
5. Let the people do as they please
Anti-trust Policy
Economic Prosperity
Laissez Faire
The Great Depression
6. Alliance among public agencies - private firms and trade associations to handle international competitions.
Economic Prosperity
Corporate Management
Industrial Policy
Military Industrial Complex
7. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Functional Departmentalization
Francis Kellor
Bank Holidays
Associative State
8. Creators of Microsoft
Civil War
Bill Gates - Paul Allen
Progressivism
U.S Chamber of Commerce
9. 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.
Frederick Taylor
Marketing
Du Pont
Francis Kellor
10. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Franchisor
Mass Industry
Bill Gates - Paul Allen
Organization of Petroleum Exporting Countries
11. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Military Industrial Complex
Gilded Age
Populism
Corporate Management
12. President. Standard oil - american tobacco - us steel.
Leveraged Buyout
William Taft
Taft Hartley Act
Consumerism
13. Developed the assembly line. Anti Union. Model T.
University of PA
Henry Ford
Andrew Carnegie
Most Favorited Nation
14. Committed her life to social reform - immigrant committee
Anti-trust Policy
Glass Ceiling
Francis Kellor
The Great Depression
15. Worlds largest provider of computer software for desktops.
Montgomery Ward
Du Pont
Mircosoft
Sears
16. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Welfare Capitalism
Bill Gates - Paul Allen
Post-Industrial Economy
Andrew Carnegie
17. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Most Favorited Nation
Green Backs
Organization of Petroleum Exporting Countries
18. First college of business.
Progressivism
1913 Federal Reserve Board
Corporation
University of PA
19. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Military Industrial Complex
Associative State
Keynes Economic Theory
Hepburn Act
20. Reduction in diversification. Reduction in layers of management.
Functional Departmentalization
Business Bureaucracies
Oligopoly
Consequences of Mergers
21. Promote economic recovery in Europe.
Marshall Plan
Herbert Hoover
Organization of Petroleum Exporting Countries
Civil Rights Act
22. Started as a gun powder company - Rate of return.
Disposable Income
Henry Ford
Montgomery Ward
Du Pont
23. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Progressivism
Post-Industrial Economy
Herbert Hoover
Open Prices
24. Setting of prices by mangers of large firms.
1913 Federal Reserve Board
Administrative pricing
Consumer Durables
Herbert Hoover
25. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Keynes Economic Theory
Administrative pricing
Deregulation
Managerial Revolution
26. Companies had the right to manage. Union leaders.
Taft Hartley Act
Decentralized Management
Progressivism
The Great Depression
27. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Industrial Democracy
Corporation
New Individualism
Henry Ford
28. Items purchased by consumers for use over more than a year or two.
Green Backs
Administrative pricing
Consumer Durables
Andrew Carnegie
29. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Industrial Policy
Trade
Marketing
Consumer Durables
30. Worked divided by specific tasks. i.e. accounting - production - ect.
Glass Ceiling
Functional Departmentalization
Green Backs
Corporation
31. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Montgomery Ward
Oligopoly
Disposable Income
Military Industrial Complex
32. Business leaders sought to achieve cooperation among business - labor and government.
Trade
Francis Kellor
Corporatism
Economic Prosperity
33. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Welfare Capitalism
Employment & Production Act
Sherman Anti-Trust Act
Managerial Revolution
34. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Consequences of Mergers
Horizontal Integration
U.S Chamber of Commerce
35. Congress established a national banking system.
Civil War
Oligopoly
University of PA
Conglomerates
36. Provided national advertising and mass production
Franchisor
Ralph Nader
Stagflation
Vertical Integration
37. Urged the gov't to control the money supply in order to control inflation.
Civil War
Monetarism
Andrew Carnegie
Populism
38. Formalized business practices by standardized management practices.
Frederick Taylor
Deregulation
Managerial Revolution
Oligopoly
39. Paper currency issued by the government to finance to civil war.
Hepburn Act
Mircosoft
Mann-Elkins Act
Green Backs
40. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
NAFTA
Herbert Hoover
Organization of Petroleum Exporting Countries
Business Bureaucracies
41. A few firms dominate an industry. Price competition decreased.
Welfare Capitalism
Marketing
William Taft
Oligopoly
42. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Vertical Integration
Trade
New Individualism
Sherman Anti-Trust Act
43. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Franchisee
NAFTA
Mass Industry
Post-Industrial Economy
44. Set of values that placed a higher priority on the use of good than on their production.
Progressivism
Military Industrial Complex
Consumerism
Laissez Faire
45. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Monetarism
Francis Kellor
Du Pont
46. Panic of 1907 - 5 members - foreign transactions went through NY.
Marketing
1913 Federal Reserve Board
Consumer Durables
Henry Ford
47. Employers can hire whoever they want. Both union and non union.
Open Shop
Franchisee
U.S Chamber of Commerce
Laissez Faire
48. Goal was to represent the interests of American business in general.
Mass Industry
Bill Gates - Paul Allen
U.S Chamber of Commerce
Du Pont
49. Oil refining business. He was the first billionaire.
Keynes Economic Theory
Industrial Democracy
Monetarism
John D. Rockafeller
50. Gold drain; exchange rates; free floating
Henry Ford
Sherman Anti-Trust Act
Montgomery Ward
Currency