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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. Gold drain; exchange rates; free floating
Civil War
Currency
Mann-Elkins Act
Civil Rights Act
2. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Frederick Taylor
Military Industrial Complex
William Taft
Montgomery Ward
3. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Bill Gates - Paul Allen
Corporate Management
Associative State
4. Committed her life to social reform - immigrant committee
Sherman Anti-Trust Act
Francis Kellor
Gilded Age
Bank Holidays
5. Items purchased by consumers for use over more than a year or two.
Disposable Income
Civil Rights Act
Consumer Durables
The Great Depression
6. Could only hire union workers. Illegal
Associative State
Employment & Production Act
Closed Shop
Bank Holidays
7. Let the people do as they please
Laissez Faire
NAFTA
Employment & Production Act
Business Bureaucracies
8. Inflation continued in the absence of robust economic growth.
Du Pont
Stagflation
NAFTA
Associative State
9. 1929 stock market crashed
Marketing
Booming American Automobile Industry
Anti-trust Policy
Herbert Hoover
10. Companies had the right to manage. Union leaders.
1913 Federal Reserve Board
Closed Shop
Civil Rights Act
Taft Hartley Act
11. Use of stock tender to offer to buy a company that did not want to sell.
Trade
Consumer Durables
Francis Kellor
Hostile Takeover
12. Promote economic recovery in Europe.
NAFTA
Stagflation
Marshall Plan
Populism
13. Panic of 1907 - 5 members - foreign transactions went through NY.
Business Bureaucracies
Bank Holidays
1913 Federal Reserve Board
Stagflation
14. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Andrew Carnegie
Most Favorited Nation
Corporatism
Military Industrial Complex
15. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Employment & Production Act
Consumerism
Currency
16. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
1913 Federal Reserve Board
Vertical Integration
Henry Ford
17. Worked divided by specific tasks. i.e. accounting - production - ect.
Currency
Functional Departmentalization
Marshall Plan
Herbert Hoover
18. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
University of PA
Union Shop
Post-Industrial Economy
Booming American Automobile Industry
19. Most favored nation. Trade barriers raised.
Associative State
U.S Chamber of Commerce
Trade
Montgomery Ward
20. 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.
Stagflation
Populism
Frederick Taylor
Horizontal Integration
21. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Montgomery Ward
Henry Ford
Bill Gates - Paul Allen
22. Paper currency issued by the government to finance to civil war.
Green Backs
Industrial Democracy
Industrial Policy
Business Bureaucracies
23. A few firms dominate an industry. Price competition decreased.
Sears
Marketing
Oligopoly
Du Pont
24. Setting of prices by mangers of large firms.
Military Industrial Complex
Administrative pricing
Vertical Integration
Economic Prosperity
25. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Anti-trust Policy
Administrative pricing
Sears
26. Workers would enjoy the rights of association and the ability to influence wage levels.
Administrative pricing
Montgomery Ward
Industrial Democracy
Military Industrial Complex
27. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Progressivism
Stagflation
Civil Rights Act
Frederick Taylor
28. Few companies combines forces to control production of sale of a product.
Conglomerates
Horizontal Integration
Consumer Durables
Frederick Taylor
29. Burden of proof to raise rates was now the responsibility of the railroads.
Deregulation
Military Industrial Complex 2
Laissez Faire
Mann-Elkins Act
30. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Hostile Takeover
Economic Prosperity
Gilded Age
New Individualism
31. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Andrew Carnegie
Salmon Chase
Sherman Anti-Trust Act
32. Free trade between US - Canada - Mexico
Franklin Roosevelt
Hostile Takeover
NAFTA
Military Industrial Complex
33. Close banks to keep people from withdrawing all of their money and collapsing the banks.
New Individualism
Ralph Nader
Open Shop
Bank Holidays
34. Urged the gov't to control the money supply in order to control inflation.
John D. Rockafeller
Sears
The Great Depression
Monetarism
35. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Trade
Sherman Anti-Trust Act
Franchisor
36. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Populism
Military Industrial Complex
Sears
37. First college of business.
Marketing
University of PA
Deregulation
Green Backs
38. Provided national advertising and mass production
Laissez Faire
Franchisor
Herbert Hoover
Trade
39. Business - not independent trade unions should look after the best interest of the workers.
Franchisee
Hepburn Act
Welfare Capitalism
University of PA
40. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Corporation
Andrew Carnegie
Oligopoly
41. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Decentralized Management
Military Industrial Complex 2
The Great Depression
42. Worlds largest provider of computer software for desktops.
Vertical Integration
Francis Kellor
Mircosoft
Frederick Taylor
43. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Open Prices
Business Bureaucracies
Laissez Faire
Industrial Democracy
44. American firms were poised to dominate economic activity in a system of free trade.
Most Favorited Nation
Populism
Anti-trust Policy
Economic Prosperity
45. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Post-Industrial Economy
Henry Ford
Hepburn Act
Ralph Nader
46. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Civil War
Open Prices
Industrial Democracy
Keynes Economic Theory
47. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Mircosoft
Anti-trust Policy
Industrial Policy
Bank Holidays
48. Sought to break up the control of big business to create more opportunities.
Henry Ford
Most Favorited Nation
Populism
Taft Hartley Act
49. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Mann-Elkins Act
Administrative pricing
Conglomerates
50. Dominated the retail industry by mail order only selling.
John D. Rockafeller
Hostile Takeover
The Great Depression
Sears
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