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Test your basic knowledge |
Management 101: Business History
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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. Control all aspects of an industry from raw materials to retail.
Oligopoly
Vertical Integration
Conglomerates
Organization of Petroleum Exporting Countries
2. American firms were poised to dominate economic activity in a system of free trade.
Horizontal Integration
Bill Gates - Paul Allen
Mann-Elkins Act
Economic Prosperity
3. Started as a gun powder company - Rate of return.
Managerial Revolution
Franchisor
Du Pont
Closed Shop
4. Free trade between US - Canada - Mexico
William Taft
NAFTA
New Individualism
Richard T. Ely
5. Inflation continued in the absence of robust economic growth.
Gilded Age
Stagflation
University of PA
Ralph Nader
6. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
NAFTA
Keynes Economic Theory
Military Industrial Complex
Hostile Takeover
7. Items purchased by consumers for use over more than a year or two.
Consumer Durables
John D. Rockafeller
Anti-trust Policy
Ralph Nader
8. Panic of 1907 - 5 members - foreign transactions went through NY.
Frederick Taylor
Union Shop
Organization of Petroleum Exporting Countries
1913 Federal Reserve Board
9. 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.
Montgomery Ward
New Individualism
Civil War
Frederick Taylor
10. Congress established a national banking system.
Civil War
Corporatism
University of PA
Open Prices
11. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Corporate Management
Montgomery Ward
Industrial Democracy
12. President. Standard oil - american tobacco - us steel.
New Individualism
William Taft
Mann-Elkins Act
Booming American Automobile Industry
13. Creators of Microsoft
Business Bureaucracies
Trade
Corporatism
Bill Gates - Paul Allen
14. Few companies combines forces to control production of sale of a product.
Franchisee
Du Pont
Open Prices
Horizontal Integration
15. Employers can hire whoever they want. Both union and non union.
Open Shop
The Great Depression
Bank Holidays
Associative State
16. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Anti-trust Policy
Sears
Marketing
17. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Sears
Vertical Integration
1913 Federal Reserve Board
Corporate Management
18. Business - not independent trade unions should look after the best interest of the workers.
Open Prices
Marshall Plan
Henry Ford
Welfare Capitalism
19. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Leveraged Buyout
Open Prices
Decentralized Management
Keynes Economic Theory
20. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Industrial Policy
Marketing
Employment & Production Act
Associative State
21. Companies had the right to manage. Union leaders.
Ralph Nader
Keynes Economic Theory
Taft Hartley Act
Economic Prosperity
22. Interstate Commerce Commission was strengthened. Regulated rates.
Social Responsibility
Hepburn Act
Economic Prosperity
Du Pont
23. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Economic Prosperity
Military Industrial Complex 2
Post-Industrial Economy
24. Programs intended to stabilize the economy while maintaining individual autonomy.
Mircosoft
Mass Industry
Associative State
Montgomery Ward
25. Sears.
Montgomery Ward
Franchisee
Economic Prosperity
Mass Industry
26. Set of values that placed a higher priority on the use of good than on their production.
Marshall Plan
Henry Ford
U.S Chamber of Commerce
Consumerism
27. Committed her life to social reform - immigrant committee
Laissez Faire
Open Prices
Francis Kellor
John D. Rockafeller
28. Most favored nation. Trade barriers raised.
Employment & Production Act
Stagflation
Glass Ceiling
Trade
29. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Glass Ceiling
Progressivism
Consumerism
Military Industrial Complex
30. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
U.S Chamber of Commerce
Glass Ceiling
Corporation
Anti-trust Policy
31. Worked divided by specific tasks. i.e. accounting - production - ect.
Closed Shop
Military Industrial Complex
Sherman Anti-Trust Act
Functional Departmentalization
32. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Mann-Elkins Act
Franklin Roosevelt
Booming American Automobile Industry
Conglomerates
33. Worlds largest provider of computer software for desktops.
Union Shop
Hostile Takeover
Mircosoft
Economic Prosperity
34. Gold drain; exchange rates; free floating
Horizontal Integration
1913 Federal Reserve Board
Currency
Consumerism
35. Formalized business practices by standardized management practices.
Hostile Takeover
Managerial Revolution
Currency
Business Bureaucracies
36. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Green Backs
Mass Industry
Gilded Age
37. GM - Ford - and Chrysler dominated the market. GM=50% share
Post-Industrial Economy
Marketing
Booming American Automobile Industry
Corporation
38. Alliance among public agencies - private firms and trade associations to handle international competitions.
Civil Rights Act
Industrial Policy
Union Shop
Sherman Anti-Trust Act
39. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Trade
Marshall Plan
Corporatism
40. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
New Individualism
Corporate Management
Sears
41. Most women were stalled at middle management levels.
Military Industrial Complex 2
Glass Ceiling
Union Shop
Anti-trust Policy
42. Developed the assembly line. Anti Union. Model T.
Keynes Economic Theory
Henry Ford
Leveraged Buyout
Glass Ceiling
43. 1929 stock market crashed
1913 Federal Reserve Board
Social Responsibility
Glass Ceiling
Herbert Hoover
44. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Francis Kellor
Mass Industry
Social Responsibility
Consumer Durables
45. Sec. of Treasury under lincoln. Father of national Banking system.
Anti-trust Policy
Industrial Democracy
Mass Industry
Salmon Chase
46. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
New Individualism
Deregulation
Industrial Democracy
Gilded Age
47. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Military Industrial Complex
Horizontal Integration
Du Pont
48. Could only hire union workers. Illegal
Francis Kellor
Military Industrial Complex
Open Shop
Closed Shop
49. Business leaders sought to achieve cooperation among business - labor and government.
Marketing
Deregulation
Corporatism
Functional Departmentalization
50. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Managerial Revolution
Associative State
Conglomerates