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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. Started as a gun powder company - Rate of return.
Taft Hartley Act
Civil Rights Act
Herbert Hoover
Du Pont
2. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Industrial Policy
Associative State
Vertical Integration
Military Industrial Complex 2
3. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Union Shop
1913 Federal Reserve Board
Post-Industrial Economy
4. Items purchased by consumers for use over more than a year or two.
Administrative pricing
Leveraged Buyout
Mass Industry
Consumer Durables
5. Workers would enjoy the rights of association and the ability to influence wage levels.
Progressivism
Richard T. Ely
Industrial Democracy
Keynes Economic Theory
6. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Mann-Elkins Act
The Great Depression
Industrial Democracy
7. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Military Industrial Complex
Economic Prosperity
Business Bureaucracies
Decentralized Management
8. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Open Shop
Currency
Corporate Management
Employment & Production Act
9. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Civil Rights Act
Sherman Anti-Trust Act
Social Responsibility
Richard T. Ely
10. Most women were stalled at middle management levels.
Du Pont
Sherman Anti-Trust Act
Closed Shop
Glass Ceiling
11. Alliance among public agencies - private firms and trade associations to handle international competitions.
Hepburn Act
Herbert Hoover
Industrial Policy
John D. Rockafeller
12. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Anti-trust Policy
Ralph Nader
Administrative pricing
Corporate Management
13. Setting of prices by mangers of large firms.
1913 Federal Reserve Board
Administrative pricing
NAFTA
Franchisor
14. Corporate offices
Consumer Durables
Decentralized Management
Managerial Revolution
Bank Holidays
15. Goal was to represent the interests of American business in general.
Bank Holidays
U.S Chamber of Commerce
Richard T. Ely
Military Industrial Complex
16. First college of business.
Administrative pricing
Anti-trust Policy
University of PA
Marketing
17. A few firms dominate an industry. Price competition decreased.
Oligopoly
Horizontal Integration
Civil Rights Act
Welfare Capitalism
18. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Marketing
Employment & Production Act
Mass Industry
Bank Holidays
19. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Administrative pricing
Booming American Automobile Industry
Open Prices
Deregulation
20. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Consumer Durables
Open Shop
Business Bureaucracies
Post-Industrial Economy
21. Free trade between US - Canada - Mexico
Bill Gates - Paul Allen
NAFTA
Sherman Anti-Trust Act
Progressivism
22. Oil refining business. He was the first billionaire.
Gilded Age
Military Industrial Complex 2
John D. Rockafeller
Marketing
23. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Administrative pricing
Herbert Hoover
Managerial Revolution
24. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Marketing
Montgomery Ward
Mass Industry
25. Panic of 1907 - 5 members - foreign transactions went through NY.
Mircosoft
1913 Federal Reserve Board
Marshall Plan
The Great Depression
26. 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.
Mass Industry
Industrial Policy
Marketing
Corporation
27. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Francis Kellor
Oligopoly
Military Industrial Complex 2
28. 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.
Military Industrial Complex
Frederick Taylor
Vertical Integration
Marshall Plan
29. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Green Backs
Salmon Chase
Corporate Management
Employment & Production Act
30. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Bank Holidays
Civil Rights Act
Closed Shop
Industrial Democracy
31. 1929 stock market crashed
U.S Chamber of Commerce
Corporation
Laissez Faire
Herbert Hoover
32. Developed the assembly line. Anti Union. Model T.
Franchisor
Union Shop
Henry Ford
Booming American Automobile Industry
33. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Administrative pricing
Populism
Franklin Roosevelt
34. Defense department became a significant source for scientific and engineering. Led by private firms and university.
U.S Chamber of Commerce
Industrial Democracy
Military Industrial Complex
Gilded Age
35. Companies had the right to manage. Union leaders.
Ralph Nader
Mann-Elkins Act
Administrative pricing
Taft Hartley Act
36. Business leaders sought to achieve cooperation among business - labor and government.
Disposable Income
Corporatism
Du Pont
Welfare Capitalism
37. Could only hire union workers. Illegal
Functional Departmentalization
Progressivism
Closed Shop
Stagflation
38. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Franchisor
Richard T. Ely
Business Bureaucracies
New Individualism
39. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
U.S Chamber of Commerce
Conglomerates
Horizontal Integration
40. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
The Great Depression
Andrew Carnegie
Mass Industry
Montgomery Ward
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
John D. Rockafeller
Leveraged Buyout
Corporatism
Gilded Age
42. Dominated the retail industry by mail order only selling.
Ralph Nader
Managerial Revolution
Corporatism
Sears
43. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Hepburn Act
John D. Rockafeller
Union Shop
Organization of Petroleum Exporting Countries
44. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Consumerism
Open Prices
Bank Holidays
Organization of Petroleum Exporting Countries
45. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Civil Rights Act
Conglomerates
Henry Ford
46. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
John D. Rockafeller
Marshall Plan
Currency
The Great Depression
47. Programs intended to stabilize the economy while maintaining individual autonomy.
Hostile Takeover
Mass Industry
Associative State
Industrial Policy
48. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Corporation
Franchisee
New Individualism
Franklin Roosevelt
49. Creators of Microsoft
Bill Gates - Paul Allen
Corporation
Consumer Durables
Keynes Economic Theory
50. Reduction in diversification. Reduction in layers of management.
Sears
Corporate Management
Oligopoly
Consequences of Mergers