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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. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Taft Hartley Act
Ralph Nader
Currency
2. Reduction in diversification. Reduction in layers of management.
Populism
Consequences of Mergers
Marketing
Civil War
3. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Sherman Anti-Trust Act
Marketing
Henry Ford
4. Sought to break up the control of big business to create more opportunities.
Populism
Progressivism
NAFTA
Du Pont
5. Gold drain; exchange rates; free floating
Military Industrial Complex 2
Currency
Closed Shop
Associative State
6. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
1913 Federal Reserve Board
Franchisee
Frederick Taylor
Business Bureaucracies
7. Worlds largest provider of computer software for desktops.
Functional Departmentalization
The Great Depression
Mircosoft
Salmon Chase
8. Interstate Commerce Commission was strengthened. Regulated rates.
Welfare Capitalism
Monetarism
Hepburn Act
Salmon Chase
9. Dominated the retail industry by mail order only selling.
Leveraged Buyout
Open Prices
Sears
Monetarism
10. Let the people do as they please
Social Responsibility
Managerial Revolution
Laissez Faire
Military Industrial Complex
11. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Keynes Economic Theory
Francis Kellor
Herbert Hoover
Trade
12. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Union Shop
Du Pont
Business Bureaucracies
New Individualism
13. Provided national advertising and mass production
Franchisor
Open Prices
Associative State
Mass Industry
14. Formalized business practices by standardized management practices.
Herbert Hoover
Francis Kellor
Consequences of Mergers
Managerial Revolution
15. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Conglomerates
Civil Rights Act
Booming American Automobile Industry
Bank Holidays
16. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Economic Prosperity
Mircosoft
U.S Chamber of Commerce
17. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Hostile Takeover
Post-Industrial Economy
Bill Gates - Paul Allen
18. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Civil War
Mircosoft
Open Shop
19. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Disposable Income
Consumer Durables
NAFTA
Military Industrial Complex 2
20. Inflation continued in the absence of robust economic growth.
University of PA
Bill Gates - Paul Allen
Stagflation
Taft Hartley Act
21. Could only hire union workers. Illegal
Closed Shop
Corporate Management
Progressivism
Frederick Taylor
22. 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.
Hepburn Act
Mass Industry
Frederick Taylor
The Great Depression
23. Alliance among public agencies - private firms and trade associations to handle international competitions.
Vertical Integration
Hepburn Act
Mann-Elkins Act
Industrial Policy
24. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Taft Hartley Act
Francis Kellor
Deregulation
Social Responsibility
25. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
1913 Federal Reserve Board
Consumerism
Organization of Petroleum Exporting Countries
University of PA
26. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Open Prices
Managerial Revolution
Most Favorited Nation
Sears
27. Panic of 1907 - 5 members - foreign transactions went through NY.
Bill Gates - Paul Allen
Booming American Automobile Industry
1913 Federal Reserve Board
Disposable Income
28. Worked divided by specific tasks. i.e. accounting - production - ect.
Mann-Elkins Act
Functional Departmentalization
Stagflation
Keynes Economic Theory
29. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Keynes Economic Theory
Marshall Plan
Social Responsibility
Open Prices
30. Promote economic recovery in Europe.
Hepburn Act
Montgomery Ward
Marshall Plan
Disposable Income
31. Set of values that placed a higher priority on the use of good than on their production.
Franklin Roosevelt
Consumerism
New Individualism
Du Pont
32. Items purchased by consumers for use over more than a year or two.
Marketing
Most Favorited Nation
Employment & Production Act
Consumer Durables
33. President. Standard oil - american tobacco - us steel.
William Taft
Military Industrial Complex
Disposable Income
Hepburn Act
34. Congress established a national banking system.
Horizontal Integration
William Taft
Military Industrial Complex 2
Civil War
35. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
New Individualism
Leveraged Buyout
Currency
36. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Consequences of Mergers
Herbert Hoover
Bill Gates - Paul Allen
Franklin Roosevelt
37. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Horizontal Integration
Union Shop
Corporatism
Mann-Elkins Act
38. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Hepburn Act
Progressivism
Conglomerates
Post-Industrial Economy
39. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Corporatism
Military Industrial Complex
Bank Holidays
William Taft
40. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Franchisee
Salmon Chase
Keynes Economic Theory
41. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Industrial Policy
Anti-trust Policy
Marketing
Hostile Takeover
42. A few firms dominate an industry. Price competition decreased.
Civil War
Stagflation
Oligopoly
Horizontal Integration
43. Creators of Microsoft
Union Shop
Bill Gates - Paul Allen
University of PA
Populism
44. Income people could do with as the pleased.
Union Shop
William Taft
Progressivism
Disposable Income
45. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Organization of Petroleum Exporting Countries
Mass Industry
Open Shop
Mircosoft
46. Employers can hire whoever they want. Both union and non union.
Monetarism
Open Shop
Frederick Taylor
Corporate Management
47. Most women were stalled at middle management levels.
Currency
Glass Ceiling
Du Pont
Salmon Chase
48. Most favored nation. Trade barriers raised.
Currency
Trade
Vertical Integration
Salmon Chase
49. Oil refining business. He was the first billionaire.
Union Shop
Oligopoly
John D. Rockafeller
Marketing
50. GM - Ford - and Chrysler dominated the market. GM=50% share
Montgomery Ward
Closed Shop
Booming American Automobile Industry
Anti-trust Policy