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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.
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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. President. Standard oil - american tobacco - us steel.
Gilded Age
Mann-Elkins Act
Civil War
William Taft
2. Gold drain; exchange rates; free floating
Currency
Booming American Automobile Industry
Richard T. Ely
Stagflation
3. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Franchisor
Employment & Production Act
Civil War
4. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Civil Rights Act
Post-Industrial Economy
Ralph Nader
Franchisor
5. Congress established a national banking system.
Civil War
Corporate Management
Franchisee
Consequences of Mergers
6. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Consumerism
Consumer Durables
Deregulation
7. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Conglomerates
Francis Kellor
Du Pont
8. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Taft Hartley Act
Mircosoft
Military Industrial Complex
Deregulation
9. Worlds largest provider of computer software for desktops.
Mircosoft
Green Backs
Henry Ford
Francis Kellor
10. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Managerial Revolution
Consumer Durables
Deregulation
Union Shop
11. Could only hire union workers. Illegal
Corporation
Marshall Plan
Closed Shop
Oligopoly
12. Sec. of Treasury under lincoln. Father of national Banking system.
Henry Ford
Salmon Chase
Gilded Age
Industrial Democracy
13. Set of values that placed a higher priority on the use of good than on their production.
Salmon Chase
Military Industrial Complex
Consumerism
University of PA
14. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Francis Kellor
Ralph Nader
Progressivism
15. Income people could do with as the pleased.
Disposable Income
Consumer Durables
Laissez Faire
Frederick Taylor
16. Items purchased by consumers for use over more than a year or two.
Social Responsibility
Consumer Durables
Montgomery Ward
NAFTA
17. Urged the gov't to control the money supply in order to control inflation.
Industrial Policy
Monetarism
Civil Rights Act
Disposable Income
18. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franchisor
Franklin Roosevelt
Frederick Taylor
Glass Ceiling
19. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Military Industrial Complex
Franchisee
Frederick Taylor
20. Developed the assembly line. Anti Union. Model T.
Keynes Economic Theory
Henry Ford
Franchisee
Monetarism
21. Business - not independent trade unions should look after the best interest of the workers.
Montgomery Ward
Welfare Capitalism
Industrial Democracy
Stagflation
22. Burden of proof to raise rates was now the responsibility of the railroads.
Union Shop
Mann-Elkins Act
Keynes Economic Theory
Mircosoft
23. Sears.
Employment & Production Act
Montgomery Ward
Francis Kellor
Corporation
24. Corporate offices
Decentralized Management
Glass Ceiling
Oligopoly
Keynes Economic Theory
25. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Industrial Democracy
Conglomerates
Francis Kellor
Open Prices
26. Creators of Microsoft
Francis Kellor
University of PA
Bill Gates - Paul Allen
Populism
27. Let the people do as they please
Open Prices
Marketing
The Great Depression
Laissez Faire
28. 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
Richard T. Ely
Marketing
Open Shop
29. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Industrial Policy
Corporation
Taft Hartley Act
Populism
30. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Consumer Durables
Social Responsibility
Populism
Anti-trust Policy
31. Control all aspects of an industry from raw materials to retail.
Disposable Income
Frederick Taylor
Economic Prosperity
Vertical Integration
32. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Ralph Nader
Hepburn Act
Marketing
Decentralized Management
33. Inflation continued in the absence of robust economic growth.
Stagflation
Deregulation
Herbert Hoover
Montgomery Ward
34. A few firms dominate an industry. Price competition decreased.
Oligopoly
Associative State
Union Shop
University of PA
35. Companies had the right to manage. Union leaders.
Managerial Revolution
1913 Federal Reserve Board
Corporate Management
Taft Hartley Act
36. Most women were stalled at middle management levels.
Closed Shop
Functional Departmentalization
Glass Ceiling
Horizontal Integration
37. Setting of prices by mangers of large firms.
Civil Rights Act
Administrative pricing
Marketing
Frederick Taylor
38. Paper currency issued by the government to finance to civil war.
Civil Rights Act
Military Industrial Complex
Green Backs
Herbert Hoover
39. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Mann-Elkins Act
Leveraged Buyout
Vertical Integration
40. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Richard T. Ely
Employment & Production Act
Consumer Durables
41. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Hostile Takeover
Du Pont
New Individualism
Business Bureaucracies
42. Employers can hire whoever they want. Both union and non union.
Open Shop
Consumer Durables
Herbert Hoover
Taft Hartley Act
43. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Marketing
Military Industrial Complex 2
Hepburn Act
Richard T. Ely
44. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Sears
Open Shop
Progressivism
Consequences of Mergers
45. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Conglomerates
Social Responsibility
Horizontal Integration
46. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Civil Rights Act
Consequences of Mergers
Franchisee
Herbert Hoover
47. 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.
Organization of Petroleum Exporting Countries
Frederick Taylor
Sherman Anti-Trust Act
Horizontal Integration
48. Provided national advertising and mass production
Franchisor
Progressivism
Bank Holidays
Closed Shop
49. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Hepburn Act
Consumer Durables
Marketing
50. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Functional Departmentalization
Military Industrial Complex
Marshall Plan
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