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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. Gold drain; exchange rates; free floating
Monetarism
Marketing
Currency
Closed Shop
2. Workers would enjoy the rights of association and the ability to influence wage levels.
Functional Departmentalization
Oligopoly
Industrial Democracy
Herbert Hoover
3. Worlds largest provider of computer software for desktops.
Civil Rights Act
Mircosoft
Industrial Policy
Trade
4. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Mircosoft
Mass Industry
NAFTA
Deregulation
5. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Open Prices
Corporation
Richard T. Ely
Welfare Capitalism
6. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Open Shop
Bank Holidays
Frederick Taylor
Military Industrial Complex 2
7. Let the people do as they please
Marketing
Most Favorited Nation
Laissez Faire
Sherman Anti-Trust Act
8. 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.
Welfare Capitalism
Marketing
Open Prices
Mircosoft
9. Oil refining business. He was the first billionaire.
Decentralized Management
John D. Rockafeller
U.S Chamber of Commerce
Anti-trust Policy
10. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Marketing
Stagflation
Frederick Taylor
11. Committed her life to social reform - immigrant committee
Salmon Chase
Du Pont
Francis Kellor
John D. Rockafeller
12. Interstate Commerce Commission was strengthened. Regulated rates.
Organization of Petroleum Exporting Countries
Hepburn Act
Progressivism
Vertical Integration
13. Inflation continued in the absence of robust economic growth.
Stagflation
Marketing
Herbert Hoover
Franchisor
14. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Hostile Takeover
New Individualism
Consequences of Mergers
Ralph Nader
15. 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.
Progressivism
Ralph Nader
Frederick Taylor
Sherman Anti-Trust Act
16. Provided national advertising and mass production
Deregulation
Franchisor
Open Prices
Mann-Elkins Act
17. Burden of proof to raise rates was now the responsibility of the railroads.
Montgomery Ward
Civil Rights Act
Marketing
Mann-Elkins Act
18. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Decentralized Management
Corporate Management
Franchisee
Salmon Chase
19. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Corporation
Green Backs
Mass Industry
Trade
20. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Stagflation
Military Industrial Complex 2
Gilded Age
Mann-Elkins Act
21. Use borrowed money to buy company. Sometimes used to take 'stock private'
Keynes Economic Theory
Leveraged Buyout
Anti-trust Policy
Franklin Roosevelt
22. Set of values that placed a higher priority on the use of good than on their production.
Deregulation
Consumerism
Consequences of Mergers
Open Shop
23. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Corporatism
Civil War
Marketing
William Taft
24. Started as a gun powder company - Rate of return.
Green Backs
Du Pont
Monetarism
Francis Kellor
25. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Open Prices
Francis Kellor
Organization of Petroleum Exporting Countries
Gilded Age
26. Most favored nation. Trade barriers raised.
Marketing
Mass Industry
Trade
Richard T. Ely
27. Items purchased by consumers for use over more than a year or two.
U.S Chamber of Commerce
Consumer Durables
Trade
Laissez Faire
28. Income people could do with as the pleased.
Disposable Income
Consequences of Mergers
Administrative pricing
Stagflation
29. Creators of Microsoft
Military Industrial Complex 2
Franchisee
Bill Gates - Paul Allen
Horizontal Integration
30. Companies had the right to manage. Union leaders.
Taft Hartley Act
Administrative pricing
Business Bureaucracies
1913 Federal Reserve Board
31. Congress established a national banking system.
Ralph Nader
Franchisee
Civil War
Employment & Production Act
32. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
New Individualism
Bill Gates - Paul Allen
Montgomery Ward
33. Paper currency issued by the government to finance to civil war.
Franchisor
Green Backs
Mass Industry
Herbert Hoover
34. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Bill Gates - Paul Allen
Andrew Carnegie
Franklin Roosevelt
Montgomery Ward
35. Sears.
Montgomery Ward
Vertical Integration
Stagflation
Open Prices
36. GM - Ford - and Chrysler dominated the market. GM=50% share
Populism
Social Responsibility
Booming American Automobile Industry
Consumer Durables
37. Business leaders sought to achieve cooperation among business - labor and government.
Salmon Chase
Corporation
NAFTA
Corporatism
38. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Closed Shop
Keynes Economic Theory
Bank Holidays
Industrial Democracy
39. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Consumerism
Oligopoly
Leveraged Buyout
40. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Currency
Hostile Takeover
Bank Holidays
Richard T. Ely
41. Corporate offices
Industrial Policy
Hostile Takeover
Decentralized Management
Horizontal Integration
42. Most women were stalled at middle management levels.
Glass Ceiling
Bank Holidays
Laissez Faire
Trade
43. 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
Bank Holidays
Civil Rights Act
Managerial Revolution
44. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Administrative pricing
1913 Federal Reserve Board
Consumer Durables
45. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
University of PA
Ralph Nader
Consumerism
Andrew Carnegie
46. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex
Consumer Durables
Taft Hartley Act
Laissez Faire
47. American firms were poised to dominate economic activity in a system of free trade.
Taft Hartley Act
Marketing
Economic Prosperity
Associative State
48. Reduction in diversification. Reduction in layers of management.
Hostile Takeover
Civil War
Sherman Anti-Trust Act
Consequences of Mergers
49. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Marshall Plan
Social Responsibility
Laissez Faire
Sherman Anti-Trust Act
50. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
William Taft
1913 Federal Reserve Board
Conglomerates
Marketing