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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. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Conglomerates
Booming American Automobile Industry
Marketing
Consumer Durables
2. American firms were poised to dominate economic activity in a system of free trade.
Closed Shop
Oligopoly
Economic Prosperity
Marshall Plan
3. Promote economic recovery in Europe.
Military Industrial Complex 2
Marshall Plan
University of PA
Franchisee
4. Companies had the right to manage. Union leaders.
Mass Industry
Francis Kellor
Taft Hartley Act
Marshall Plan
5. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Marshall Plan
Keynes Economic Theory
Post-Industrial Economy
Taft Hartley Act
6. Free trade between US - Canada - Mexico
Du Pont
Vertical Integration
Social Responsibility
NAFTA
7. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Marshall Plan
Currency
Montgomery Ward
8. Developed the assembly line. Anti Union. Model T.
U.S Chamber of Commerce
Managerial Revolution
Henry Ford
Administrative pricing
9. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Decentralized Management
Frederick Taylor
Conglomerates
Consequences of Mergers
10. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Civil Rights Act
Corporate Management
Military Industrial Complex 2
Conglomerates
11. 1929 stock market crashed
Welfare Capitalism
Herbert Hoover
Monetarism
Sears
12. Corporate offices
Decentralized Management
Deregulation
Glass Ceiling
New Individualism
13. Paper currency issued by the government to finance to civil war.
Consumer Durables
Green Backs
Mircosoft
Mann-Elkins Act
14. Sec. of Treasury under lincoln. Father of national Banking system.
Du Pont
Marshall Plan
Salmon Chase
Corporation
15. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
NAFTA
Open Prices
New Individualism
Civil Rights Act
16. Setting of prices by mangers of large firms.
Corporation
Administrative pricing
University of PA
Open Shop
17. Workers would enjoy the rights of association and the ability to influence wage levels.
Hostile Takeover
Industrial Democracy
Civil Rights Act
Social Responsibility
18. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Horizontal Integration
Sherman Anti-Trust Act
Marketing
Salmon Chase
19. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Mircosoft
Open Shop
Andrew Carnegie
Salmon Chase
20. Inflation continued in the absence of robust economic growth.
Stagflation
Francis Kellor
Vertical Integration
Laissez Faire
21. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Salmon Chase
Du Pont
Deregulation
Hostile Takeover
22. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Andrew Carnegie
Managerial Revolution
Leveraged Buyout
23. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
University of PA
Military Industrial Complex 2
Vertical Integration
24. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Henry Ford
Social Responsibility
Mann-Elkins Act
William Taft
25. Panic of 1907 - 5 members - foreign transactions went through NY.
Booming American Automobile Industry
Currency
1913 Federal Reserve Board
Managerial Revolution
26. Let the people do as they please
Monetarism
Franklin Roosevelt
Sears
Laissez Faire
27. 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.
Franklin Roosevelt
Frederick Taylor
Richard T. Ely
Henry Ford
28. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Industrial Policy
Laissez Faire
Disposable Income
Mass Industry
29. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Ralph Nader
Vertical Integration
Stagflation
Gilded Age
30. Use of stock tender to offer to buy a company that did not want to sell.
William Taft
Hostile Takeover
Sherman Anti-Trust Act
Laissez Faire
31. 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.
Corporatism
Marketing
Herbert Hoover
Disposable Income
32. Reduction in diversification. Reduction in layers of management.
The Great Depression
Consequences of Mergers
Industrial Democracy
Green Backs
33. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Hostile Takeover
Consumerism
Post-Industrial Economy
Consumer Durables
34. Most women were stalled at middle management levels.
Mass Industry
Glass Ceiling
Mann-Elkins Act
Open Prices
35. Could only hire union workers. Illegal
Closed Shop
Monetarism
Corporatism
Economic Prosperity
36. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Marshall Plan
Open Prices
Franchisee
37. Sought to break up the control of big business to create more opportunities.
Oligopoly
Populism
Bill Gates - Paul Allen
Mann-Elkins Act
38. Use borrowed money to buy company. Sometimes used to take 'stock private'
Civil Rights Act
Leveraged Buyout
Administrative pricing
Franchisor
39. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Keynes Economic Theory
Consumer Durables
Herbert Hoover
40. Business - not independent trade unions should look after the best interest of the workers.
Civil War
Welfare Capitalism
Marketing
Industrial Policy
41. President. Standard oil - american tobacco - us steel.
Business Bureaucracies
The Great Depression
William Taft
Military Industrial Complex
42. Worlds largest provider of computer software for desktops.
Mircosoft
Keynes Economic Theory
Francis Kellor
Anti-trust Policy
43. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Du Pont
Laissez Faire
Organization of Petroleum Exporting Countries
44. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Frederick Taylor
Most Favorited Nation
Deregulation
Progressivism
45. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Corporate Management
Oligopoly
John D. Rockafeller
Employment & Production Act
46. Committed her life to social reform - immigrant committee
Corporatism
Francis Kellor
Open Shop
Hepburn Act
47. Programs intended to stabilize the economy while maintaining individual autonomy.
Open Shop
Civil Rights Act
Post-Industrial Economy
Associative State
48. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Marketing
Franchisee
Administrative pricing
Organization of Petroleum Exporting Countries
49. GM - Ford - and Chrysler dominated the market. GM=50% share
Consequences of Mergers
Functional Departmentalization
New Individualism
Booming American Automobile Industry
50. Gold drain; exchange rates; free floating
William Taft
Currency
Oligopoly
University of PA