SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Set of values that placed a higher priority on the use of good than on their production.
Populism
Bank Holidays
Oligopoly
Consumerism
2. Promote economic recovery in Europe.
Richard T. Ely
Marshall Plan
Horizontal Integration
Welfare Capitalism
3. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Franchisor
Horizontal Integration
Du Pont
4. American firms were poised to dominate economic activity in a system of free trade.
Disposable Income
Functional Departmentalization
Economic Prosperity
Industrial Policy
5. Panic of 1907 - 5 members - foreign transactions went through NY.
Corporate Management
Mann-Elkins Act
1913 Federal Reserve Board
Glass Ceiling
6. Committed her life to social reform - immigrant committee
Francis Kellor
Consumer Durables
William Taft
Open Prices
7. Could only hire union workers. Illegal
Closed Shop
William Taft
Bank Holidays
Richard T. Ely
8. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Decentralized Management
Marshall Plan
Employment & Production Act
9. Formalized business practices by standardized management practices.
Henry Ford
Marshall Plan
Post-Industrial Economy
Managerial Revolution
10. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Decentralized Management
Post-Industrial Economy
Monetarism
Disposable Income
11. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Vertical Integration
Managerial Revolution
Bill Gates - Paul Allen
Ralph Nader
12. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Leveraged Buyout
Functional Departmentalization
Military Industrial Complex 2
University of PA
13. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Keynes Economic Theory
Oligopoly
Social Responsibility
Most Favorited Nation
14. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
New Individualism
Laissez Faire
Andrew Carnegie
15. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Henry Ford
Union Shop
Hostile Takeover
16. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Open Shop
Bank Holidays
Vertical Integration
Gilded Age
17. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Horizontal Integration
Green Backs
Andrew Carnegie
Progressivism
18. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Booming American Automobile Industry
Associative State
Vertical Integration
19. Developed the assembly line. Anti Union. Model T.
Henry Ford
Marketing
Oligopoly
Deregulation
20. Paper currency issued by the government to finance to civil war.
Industrial Democracy
Green Backs
The Great Depression
Welfare Capitalism
21. 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.
Marketing
Herbert Hoover
Monetarism
Gilded Age
22. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Deregulation
Richard T. Ely
Glass Ceiling
Employment & Production Act
23. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Populism
Corporatism
Mass Industry
Union Shop
24. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Conglomerates
Trade
Open Prices
Richard T. Ely
25. Workers would enjoy the rights of association and the ability to influence wage levels.
Economic Prosperity
Associative State
Marketing
Industrial Democracy
26. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Glass Ceiling
Disposable Income
Conglomerates
27. Worlds largest provider of computer software for desktops.
Gilded Age
Mircosoft
Taft Hartley Act
Keynes Economic Theory
28. Most favored nation. Trade barriers raised.
Trade
Glass Ceiling
NAFTA
Organization of Petroleum Exporting Countries
29. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Associative State
Populism
Richard T. Ely
Decentralized Management
30. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Mass Industry
Marketing
Bill Gates - Paul Allen
Business Bureaucracies
31. Companies had the right to manage. Union leaders.
Consequences of Mergers
Keynes Economic Theory
Conglomerates
Taft Hartley Act
32. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Organization of Petroleum Exporting Countries
Corporate Management
Laissez Faire
Most Favorited Nation
33. Inflation continued in the absence of robust economic growth.
Stagflation
Salmon Chase
Montgomery Ward
John D. Rockafeller
34. Gold drain; exchange rates; free floating
Decentralized Management
The Great Depression
Economic Prosperity
Currency
35. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Associative State
John D. Rockafeller
Laissez Faire
Franklin Roosevelt
36. Burden of proof to raise rates was now the responsibility of the railroads.
Hostile Takeover
Consumer Durables
Horizontal Integration
Mann-Elkins Act
37. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Anti-trust Policy
Union Shop
Corporation
38. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
New Individualism
Corporation
Marshall Plan
Sherman Anti-Trust Act
39. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Booming American Automobile Industry
Franchisee
Mircosoft
Richard T. Ely
40. Business - not independent trade unions should look after the best interest of the workers.
Corporate Management
Franchisee
Welfare Capitalism
Military Industrial Complex 2
41. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Associative State
Marshall Plan
Mass Industry
Conglomerates
42. Oil refining business. He was the first billionaire.
NAFTA
John D. Rockafeller
Henry Ford
Richard T. Ely
43. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Anti-trust Policy
Keynes Economic Theory
Franchisor
Horizontal Integration
44. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Ralph Nader
Anti-trust Policy
Deregulation
Bill Gates - Paul Allen
45. Use borrowed money to buy company. Sometimes used to take 'stock private'
Franklin Roosevelt
Economic Prosperity
Leveraged Buyout
Consumer Durables
46. President. Standard oil - american tobacco - us steel.
Mircosoft
Administrative pricing
William Taft
Industrial Democracy
47. Income people could do with as the pleased.
Disposable Income
Franchisor
Industrial Democracy
Herbert Hoover
48. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Consumer Durables
Henry Ford
Richard T. Ely
49. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Closed Shop
Sherman Anti-Trust Act
John D. Rockafeller
Most Favorited Nation
50. 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
Corporate Management
Franchisor
Deregulation