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Test your basic knowledge |
Management 101: Business History
Start Test
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. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Deregulation
Laissez Faire
The Great Depression
2. Most favored nation. Trade barriers raised.
Trade
Bill Gates - Paul Allen
Functional Departmentalization
Corporatism
3. Panic of 1907 - 5 members - foreign transactions went through NY.
Corporation
John D. Rockafeller
Franklin Roosevelt
1913 Federal Reserve Board
4. Free trade between US - Canada - Mexico
Post-Industrial Economy
Mass Industry
NAFTA
Henry Ford
5. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Open Prices
Functional Departmentalization
William Taft
6. Control all aspects of an industry from raw materials to retail.
New Individualism
Corporate Management
Vertical Integration
Franklin Roosevelt
7. Dominated the retail industry by mail order only selling.
Sears
University of PA
Military Industrial Complex
Andrew Carnegie
8. A few firms dominate an industry. Price competition decreased.
Frederick Taylor
Oligopoly
Taft Hartley Act
Sherman Anti-Trust Act
9. Sec. of Treasury under lincoln. Father of national Banking system.
University of PA
Mann-Elkins Act
Sherman Anti-Trust Act
Salmon Chase
10. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Green Backs
Employment & Production Act
Populism
11. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Deregulation
Industrial Policy
Montgomery Ward
12. Business - not independent trade unions should look after the best interest of the workers.
NAFTA
Welfare Capitalism
Salmon Chase
U.S Chamber of Commerce
13. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Corporate Management
U.S Chamber of Commerce
Currency
Post-Industrial Economy
14. 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.
Administrative pricing
Marketing
Bank Holidays
Andrew Carnegie
15. Congress established a national banking system.
Civil War
Green Backs
Closed Shop
Business Bureaucracies
16. Gold drain; exchange rates; free floating
1913 Federal Reserve Board
Economic Prosperity
U.S Chamber of Commerce
Currency
17. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Industrial Policy
Glass Ceiling
Most Favorited Nation
18. Let the people do as they please
Richard T. Ely
Franchisee
Corporate Management
Laissez Faire
19. Corporate offices
Business Bureaucracies
Marketing
Decentralized Management
Franchisor
20. Worlds largest provider of computer software for desktops.
Sears
Herbert Hoover
Marketing
Mircosoft
21. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Most Favorited Nation
Hepburn Act
Industrial Policy
22. Goal was to represent the interests of American business in general.
Associative State
U.S Chamber of Commerce
Marketing
Administrative pricing
23. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Administrative pricing
Welfare Capitalism
Franklin Roosevelt
Industrial Policy
24. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Consumerism
Disposable Income
NAFTA
Andrew Carnegie
25. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Franchisee
Most Favorited Nation
Military Industrial Complex 2
Consequences of Mergers
26. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Franchisor
Du Pont
Military Industrial Complex
Keynes Economic Theory
27. Employers can hire whoever they want. Both union and non union.
Open Shop
Sears
Stagflation
Monetarism
28. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Most Favorited Nation
Employment & Production Act
Green Backs
29. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Booming American Automobile Industry
Frederick Taylor
Keynes Economic Theory
30. Reduction in diversification. Reduction in layers of management.
Laissez Faire
Conglomerates
Consequences of Mergers
Hostile Takeover
31. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Francis Kellor
Bank Holidays
Organization of Petroleum Exporting Countries
Franklin Roosevelt
32. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Industrial Democracy
The Great Depression
Conglomerates
1913 Federal Reserve Board
33. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Frederick Taylor
Progressivism
Monetarism
Corporation
34. Could only hire union workers. Illegal
Military Industrial Complex 2
Keynes Economic Theory
Herbert Hoover
Closed Shop
35. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Industrial Policy
Most Favorited Nation
Social Responsibility
Deregulation
36. Alliance among public agencies - private firms and trade associations to handle international competitions.
Frederick Taylor
John D. Rockafeller
Industrial Policy
Industrial Democracy
37. Worked divided by specific tasks. i.e. accounting - production - ect.
Anti-trust Policy
Functional Departmentalization
Laissez Faire
New Individualism
38. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Deregulation
Corporation
Most Favorited Nation
Horizontal Integration
39. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Corporation
Mass Industry
William Taft
Military Industrial Complex
40. Committed her life to social reform - immigrant committee
Mann-Elkins Act
Associative State
Keynes Economic Theory
Francis Kellor
41. Sears.
Montgomery Ward
NAFTA
Disposable Income
New Individualism
42. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Open Shop
William Taft
University of PA
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
Corporate Management
Hostile Takeover
Gilded Age
Open Shop
44. President. Standard oil - american tobacco - us steel.
Green Backs
William Taft
Andrew Carnegie
Bank Holidays
45. Use borrowed money to buy company. Sometimes used to take 'stock private'
Progressivism
Decentralized Management
Sherman Anti-Trust Act
Leveraged Buyout
46. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Gilded Age
Richard T. Ely
Vertical Integration
John D. Rockafeller
47. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Military Industrial Complex
Corporation
U.S Chamber of Commerce
Conglomerates
48. First college of business.
Sherman Anti-Trust Act
Franklin Roosevelt
University of PA
Salmon Chase
49. Burden of proof to raise rates was now the responsibility of the railroads.
Mircosoft
U.S Chamber of Commerce
Mann-Elkins Act
Civil Rights Act
50. Paper currency issued by the government to finance to civil war.
Horizontal Integration
U.S Chamber of Commerce
Green Backs
University of PA