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Test your basic knowledge |
Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Let the people do as they please
New Individualism
Bill Gates - Paul Allen
Laissez Faire
Franchisor
2. Income people could do with as the pleased.
Hostile Takeover
Horizontal Integration
Disposable Income
Glass Ceiling
3. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Administrative pricing
Keynes Economic Theory
Post-Industrial Economy
Military Industrial Complex 2
4. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Montgomery Ward
Closed Shop
Employment & Production Act
5. President. Standard oil - american tobacco - us steel.
NAFTA
William Taft
Military Industrial Complex
Administrative pricing
6. Business leaders sought to achieve cooperation among business - labor and government.
Stagflation
John D. Rockafeller
Corporatism
The Great Depression
7. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Closed Shop
Populism
Francis Kellor
8. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Military Industrial Complex
Keynes Economic Theory
Sherman Anti-Trust Act
9. Sears.
Vertical Integration
Montgomery Ward
Trade
Sherman Anti-Trust Act
10. Goal was to represent the interests of American business in general.
The Great Depression
Salmon Chase
U.S Chamber of Commerce
Disposable Income
11. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Civil Rights Act
Salmon Chase
Corporation
12. Alliance among public agencies - private firms and trade associations to handle international competitions.
Employment & Production Act
Closed Shop
Industrial Policy
Sears
13. Employers can hire whoever they want. Both union and non union.
Economic Prosperity
New Individualism
Horizontal Integration
Open Shop
14. Congress established a national banking system.
Managerial Revolution
Mircosoft
Anti-trust Policy
Civil War
15. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Richard T. Ely
Marketing
Conglomerates
Hepburn Act
16. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Horizontal Integration
Taft Hartley Act
Glass Ceiling
Franchisee
17. Could only hire union workers. Illegal
Marketing
Salmon Chase
Closed Shop
Associative State
18. Most women were stalled at middle management levels.
Consumer Durables
Currency
Marshall Plan
Glass Ceiling
19. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Sherman Anti-Trust Act
Military Industrial Complex
Andrew Carnegie
Welfare Capitalism
20. Formalized business practices by standardized management practices.
Welfare Capitalism
Managerial Revolution
Employment & Production Act
Booming American Automobile Industry
21. Set of values that placed a higher priority on the use of good than on their production.
Union Shop
Hostile Takeover
Salmon Chase
Consumerism
22. Promote economic recovery in Europe.
Marshall Plan
Open Prices
Marketing
Laissez Faire
23. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Monetarism
New Individualism
Organization of Petroleum Exporting Countries
24. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Taft Hartley Act
Military Industrial Complex 2
Mass Industry
Disposable Income
25. Developed the assembly line. Anti Union. Model T.
Henry Ford
Corporatism
Marketing
Booming American Automobile Industry
26. Started as a gun powder company - Rate of return.
Sherman Anti-Trust Act
Corporatism
Civil Rights Act
Du Pont
27. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Stagflation
Deregulation
Francis Kellor
Laissez Faire
28. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Most Favorited Nation
Franchisor
Functional Departmentalization
29. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Economic Prosperity
Gilded Age
Decentralized Management
30. Burden of proof to raise rates was now the responsibility of the railroads.
Closed Shop
Herbert Hoover
Union Shop
Mann-Elkins Act
31. First college of business.
Keynes Economic Theory
Trade
University of PA
Deregulation
32. 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
Monetarism
Consumerism
1913 Federal Reserve Board
33. Few companies combines forces to control production of sale of a product.
John D. Rockafeller
Horizontal Integration
U.S Chamber of Commerce
Closed Shop
34. Use borrowed money to buy company. Sometimes used to take 'stock private'
Franchisee
Sears
Leveraged Buyout
NAFTA
35. Corporate offices
Decentralized Management
Military Industrial Complex
Disposable Income
Monetarism
36. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Industrial Policy
New Individualism
Bill Gates - Paul Allen
The Great Depression
37. Free trade between US - Canada - Mexico
Trade
Populism
Sherman Anti-Trust Act
NAFTA
38. Inflation continued in the absence of robust economic growth.
Stagflation
Business Bureaucracies
Corporatism
The Great Depression
39. 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.
Administrative pricing
Frederick Taylor
Gilded Age
Franchisee
40. Use of stock tender to offer to buy a company that did not want to sell.
Stagflation
Administrative pricing
Welfare Capitalism
Hostile Takeover
41. American firms were poised to dominate economic activity in a system of free trade.
John D. Rockafeller
Economic Prosperity
Social Responsibility
Most Favorited Nation
42. A few firms dominate an industry. Price competition decreased.
John D. Rockafeller
Oligopoly
Herbert Hoover
Managerial Revolution
43. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Mann-Elkins Act
Richard T. Ely
Military Industrial Complex
Open Prices
44. Sought to break up the control of big business to create more opportunities.
Progressivism
Employment & Production Act
Populism
Leveraged Buyout
45. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Andrew Carnegie
Mann-Elkins Act
Decentralized Management
Military Industrial Complex
46. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Functional Departmentalization
Civil War
Corporation
Civil Rights Act
47. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Post-Industrial Economy
Trade
Franklin Roosevelt
Herbert Hoover
48. Oil refining business. He was the first billionaire.
Disposable Income
Business Bureaucracies
Open Prices
John D. Rockafeller
49. Control all aspects of an industry from raw materials to retail.
Managerial Revolution
Vertical Integration
Richard T. Ely
Du Pont
50. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Franchisee
Consumerism
Bank Holidays
Progressivism
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