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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. Promote economic recovery in Europe.
Marshall Plan
Currency
Franchisor
New Individualism
2. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Open Shop
Bank Holidays
William Taft
Military Industrial Complex 2
3. 1929 stock market crashed
Welfare Capitalism
Herbert Hoover
University of PA
Francis Kellor
4. Free trade between US - Canada - Mexico
Booming American Automobile Industry
Salmon Chase
NAFTA
Corporate Management
5. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Open Prices
Welfare Capitalism
Franklin Roosevelt
6. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Employment & Production Act
Organization of Petroleum Exporting Countries
Marshall Plan
Business Bureaucracies
7. Control all aspects of an industry from raw materials to retail.
Anti-trust Policy
Mass Industry
Currency
Vertical Integration
8. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Glass Ceiling
Consumer Durables
Corporation
Francis Kellor
9. First college of business.
University of PA
Mann-Elkins Act
Open Shop
Mass Industry
10. Corporate offices
Salmon Chase
Sears
Decentralized Management
Economic Prosperity
11. Business leaders sought to achieve cooperation among business - labor and government.
Progressivism
1913 Federal Reserve Board
Corporatism
Military Industrial Complex 2
12. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Monetarism
Corporation
Welfare Capitalism
Anti-trust Policy
13. Paper currency issued by the government to finance to civil war.
Green Backs
Marshall Plan
Salmon Chase
NAFTA
14. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Business Bureaucracies
Marketing
Associative State
15. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
1913 Federal Reserve Board
Functional Departmentalization
Sherman Anti-Trust Act
16. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Corporation
Marketing
Progressivism
Industrial Democracy
17. A few firms dominate an industry. Price competition decreased.
Civil War
Oligopoly
Salmon Chase
Associative State
18. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Oligopoly
Military Industrial Complex 2
Taft Hartley Act
Associative State
19. Programs intended to stabilize the economy while maintaining individual autonomy.
Andrew Carnegie
Associative State
Civil Rights Act
Montgomery Ward
20. Developed the assembly line. Anti Union. Model T.
Henry Ford
Booming American Automobile Industry
Monetarism
Marshall Plan
21. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Herbert Hoover
Economic Prosperity
Consumer Durables
The Great Depression
22. Congress established a national banking system.
Organization of Petroleum Exporting Countries
U.S Chamber of Commerce
Civil War
Progressivism
23. 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.
Anti-trust Policy
Frederick Taylor
Richard T. Ely
Bank Holidays
24. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Conglomerates
Gilded Age
Andrew Carnegie
Military Industrial Complex
25. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Associative State
Sherman Anti-Trust Act
Salmon Chase
U.S Chamber of Commerce
26. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Green Backs
Marketing
Civil War
27. Most women were stalled at middle management levels.
Glass Ceiling
Organization of Petroleum Exporting Countries
Populism
Disposable Income
28. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Bill Gates - Paul Allen
Herbert Hoover
Social Responsibility
Frederick Taylor
29. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Glass Ceiling
Most Favorited Nation
Henry Ford
Administrative pricing
30. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Horizontal Integration
Deregulation
Social Responsibility
Civil Rights Act
31. Let the people do as they please
Laissez Faire
Stagflation
Civil Rights Act
Mircosoft
32. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Managerial Revolution
Employment & Production Act
Consequences of Mergers
33. Goal was to represent the interests of American business in general.
The Great Depression
Richard T. Ely
U.S Chamber of Commerce
Green Backs
34. Alliance among public agencies - private firms and trade associations to handle international competitions.
Currency
Sears
Employment & Production Act
Industrial Policy
35. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Sears
Consequences of Mergers
Currency
36. Use borrowed money to buy company. Sometimes used to take 'stock private'
Anti-trust Policy
William Taft
Leveraged Buyout
Glass Ceiling
37. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Bank Holidays
Richard T. Ely
Frederick Taylor
38. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Hepburn Act
Franklin Roosevelt
Frederick Taylor
Military Industrial Complex
39. Setting of prices by mangers of large firms.
Administrative pricing
Richard T. Ely
Henry Ford
Andrew Carnegie
40. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Closed Shop
Populism
Corporatism
41. Employers can hire whoever they want. Both union and non union.
Green Backs
Henry Ford
William Taft
Open Shop
42. Creators of Microsoft
Bank Holidays
Richard T. Ely
Bill Gates - Paul Allen
University of PA
43. Reduction in diversification. Reduction in layers of management.
Organization of Petroleum Exporting Countries
Consequences of Mergers
Frederick Taylor
Managerial Revolution
44. Started as a gun powder company - Rate of return.
Sherman Anti-Trust Act
Du Pont
Stagflation
Monetarism
45. Interstate Commerce Commission was strengthened. Regulated rates.
Booming American Automobile Industry
Hepburn Act
Vertical Integration
Henry Ford
46. Burden of proof to raise rates was now the responsibility of the railroads.
Francis Kellor
Administrative pricing
Organization of Petroleum Exporting Countries
Mann-Elkins Act
47. Companies had the right to manage. Union leaders.
Henry Ford
Taft Hartley Act
Progressivism
John D. Rockafeller
48. Sears.
Glass Ceiling
Welfare Capitalism
Montgomery Ward
Frederick Taylor
49. Business - not independent trade unions should look after the best interest of the workers.
Monetarism
Open Prices
Decentralized Management
Welfare Capitalism
50. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Franklin Roosevelt
Associative State
Frederick Taylor
Corporate Management