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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. Business - not independent trade unions should look after the best interest of the workers.
Marshall Plan
Welfare Capitalism
Corporatism
Consequences of Mergers
2. Sought to break up the control of big business to create more opportunities.
Social Responsibility
Populism
Taft Hartley Act
Hepburn Act
3. Congress established a national banking system.
Du Pont
Consumerism
Civil War
Marketing
4. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Vertical Integration
Deregulation
Marketing
Oligopoly
5. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Deregulation
Hepburn Act
Industrial Democracy
6. Set of values that placed a higher priority on the use of good than on their production.
Corporatism
Consumerism
Post-Industrial Economy
Franchisor
7. Free trade between US - Canada - Mexico
Richard T. Ely
NAFTA
U.S Chamber of Commerce
Glass Ceiling
8. Alliance among public agencies - private firms and trade associations to handle international competitions.
Economic Prosperity
Industrial Policy
NAFTA
Trade
9. Corporate offices
Corporation
Ralph Nader
Decentralized Management
NAFTA
10. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Consequences of Mergers
Ralph Nader
1913 Federal Reserve Board
Anti-trust Policy
11. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Marketing
Stagflation
Decentralized Management
12. President. Standard oil - american tobacco - us steel.
Glass Ceiling
William Taft
Andrew Carnegie
Bill Gates - Paul Allen
13. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporatism
Consequences of Mergers
Corporation
Open Prices
14. Most favored nation. Trade barriers raised.
Frederick Taylor
Franklin Roosevelt
Trade
Conglomerates
15. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Ralph Nader
Frederick Taylor
Mircosoft
16. Urged the gov't to control the money supply in order to control inflation.
Taft Hartley Act
Horizontal Integration
Consumer Durables
Monetarism
17. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Francis Kellor
Industrial Policy
Marketing
Keynes Economic Theory
18. Employers can hire whoever they want. Both union and non union.
Bank Holidays
Trade
Open Shop
Open Prices
19. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Keynes Economic Theory
Anti-trust Policy
Trade
20. Promote economic recovery in Europe.
Military Industrial Complex 2
Herbert Hoover
Social Responsibility
Marshall Plan
21. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Industrial Democracy
Trade
Leveraged Buyout
22. Paper currency issued by the government to finance to civil war.
Salmon Chase
Green Backs
The Great Depression
Industrial Policy
23. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Marketing
University of PA
Anti-trust Policy
24. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Corporation
Franchisor
Functional Departmentalization
25. Reduction in diversification. Reduction in layers of management.
Franchisor
Consequences of Mergers
Andrew Carnegie
Mann-Elkins Act
26. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Industrial Democracy
Andrew Carnegie
Marketing
Herbert Hoover
27. Committed her life to social reform - immigrant committee
Mircosoft
Franchisor
Industrial Democracy
Francis Kellor
28. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Hepburn Act
Employment & Production Act
Henry Ford
Military Industrial Complex 2
29. Sears.
Conglomerates
Consequences of Mergers
Trade
Montgomery Ward
30. Started as a gun powder company - Rate of return.
Herbert Hoover
Business Bureaucracies
Du Pont
Economic Prosperity
31. Control all aspects of an industry from raw materials to retail.
Marketing
Social Responsibility
Vertical Integration
University of PA
32. Dominated the retail industry by mail order only selling.
Andrew Carnegie
Most Favorited Nation
Sears
Conglomerates
33. Workers would enjoy the rights of association and the ability to influence wage levels.
Herbert Hoover
Industrial Democracy
Trade
1913 Federal Reserve Board
34. 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
Mircosoft
Franklin Roosevelt
New Individualism
35. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
University of PA
Managerial Revolution
Social Responsibility
36. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Deregulation
Bank Holidays
Franklin Roosevelt
Booming American Automobile Industry
37. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Civil War
Oligopoly
Sherman Anti-Trust Act
Taft Hartley Act
38. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Stagflation
Leveraged Buyout
Mass Industry
Booming American Automobile Industry
39. Business leaders sought to achieve cooperation among business - labor and government.
Sears
Franchisor
Corporatism
Post-Industrial Economy
40. American firms were poised to dominate economic activity in a system of free trade.
Progressivism
Populism
U.S Chamber of Commerce
Economic Prosperity
41. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Economic Prosperity
Franchisee
Union Shop
42. Developed the assembly line. Anti Union. Model T.
Henry Ford
Franklin Roosevelt
Mass Industry
Bill Gates - Paul Allen
43. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
U.S Chamber of Commerce
Glass Ceiling
Franklin Roosevelt
Montgomery Ward
44. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
NAFTA
Montgomery Ward
Open Prices
Vertical Integration
45. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Disposable Income
1913 Federal Reserve Board
Richard T. Ely
Civil War
46. Sec. of Treasury under lincoln. Father of national Banking system.
Andrew Carnegie
Salmon Chase
Corporatism
Consequences of Mergers
47. Provided national advertising and mass production
Richard T. Ely
Most Favorited Nation
Franchisor
Corporatism
48. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Leveraged Buyout
Booming American Automobile Industry
Progressivism
Social Responsibility
49. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
1913 Federal Reserve Board
Ralph Nader
Consumer Durables
The Great Depression
50. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Horizontal Integration
Gilded Age
Social Responsibility