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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. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Populism
Military Industrial Complex 2
University of PA
Andrew Carnegie
2. Most favored nation. Trade barriers raised.
Bank Holidays
Trade
The Great Depression
Franklin Roosevelt
3. Worlds largest provider of computer software for desktops.
Salmon Chase
Mircosoft
Closed Shop
John D. Rockafeller
4. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Francis Kellor
Progressivism
Trade
John D. Rockafeller
5. Free trade between US - Canada - Mexico
Employment & Production Act
Administrative pricing
NAFTA
Franchisor
6. Alliance among public agencies - private firms and trade associations to handle international competitions.
Richard T. Ely
Industrial Policy
Stagflation
1913 Federal Reserve Board
7. Sec. of Treasury under lincoln. Father of national Banking system.
Industrial Democracy
William Taft
Closed Shop
Salmon Chase
8. Corporate offices
Decentralized Management
Industrial Democracy
John D. Rockafeller
Managerial Revolution
9. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
William Taft
Franklin Roosevelt
Marketing
Corporatism
10. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Organization of Petroleum Exporting Countries
Gilded Age
Sears
11. Started as a gun powder company - Rate of return.
Du Pont
Military Industrial Complex 2
Corporatism
William Taft
12. Creators of Microsoft
Stagflation
William Taft
Bill Gates - Paul Allen
Open Shop
13. Panic of 1907 - 5 members - foreign transactions went through NY.
U.S Chamber of Commerce
Glass Ceiling
1913 Federal Reserve Board
Herbert Hoover
14. A few firms dominate an industry. Price competition decreased.
Frederick Taylor
Leveraged Buyout
Oligopoly
Organization of Petroleum Exporting Countries
15. First college of business.
Civil War
University of PA
Hepburn Act
Bank Holidays
16. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
William Taft
Economic Prosperity
Civil Rights Act
Mircosoft
17. Interstate Commerce Commission was strengthened. Regulated rates.
Business Bureaucracies
Richard T. Ely
Hepburn Act
Vertical Integration
18. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Corporatism
U.S Chamber of Commerce
Military Industrial Complex
19. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Ralph Nader
Military Industrial Complex
William Taft
Associative State
20. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Monetarism
Green Backs
Managerial Revolution
Corporate Management
21. 1929 stock market crashed
Industrial Policy
Herbert Hoover
Horizontal Integration
Marketing
22. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
The Great Depression
Keynes Economic Theory
Francis Kellor
Closed Shop
23. Few companies combines forces to control production of sale of a product.
William Taft
Horizontal Integration
Associative State
Mann-Elkins Act
24. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Glass Ceiling
Stagflation
Horizontal Integration
25. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
1913 Federal Reserve Board
Corporation
Deregulation
Oligopoly
26. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Administrative pricing
The Great Depression
Mass Industry
Glass Ceiling
27. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
University of PA
Marshall Plan
Administrative pricing
28. Burden of proof to raise rates was now the responsibility of the railroads.
Deregulation
Mann-Elkins Act
Marketing
Frederick Taylor
29. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Military Industrial Complex
Sherman Anti-Trust Act
1913 Federal Reserve Board
Horizontal Integration
30. Inflation continued in the absence of robust economic growth.
Franchisor
Marketing
Associative State
Stagflation
31. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Bank Holidays
Consumerism
Social Responsibility
Open Shop
32. Gold drain; exchange rates; free floating
Open Prices
Progressivism
Currency
Vertical Integration
33. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Herbert Hoover
Marketing
Franklin Roosevelt
Conglomerates
34. Setting of prices by mangers of large firms.
Administrative pricing
Industrial Policy
Corporate Management
Civil Rights Act
35. GM - Ford - and Chrysler dominated the market. GM=50% share
Decentralized Management
Booming American Automobile Industry
NAFTA
Bill Gates - Paul Allen
36. Employers can hire whoever they want. Both union and non union.
Franklin Roosevelt
Mass Industry
Booming American Automobile Industry
Open Shop
37. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Mann-Elkins Act
Laissez Faire
Administrative pricing
38. Urged the gov't to control the money supply in order to control inflation.
Marketing
Monetarism
Mass Industry
William Taft
39. Use borrowed money to buy company. Sometimes used to take 'stock private'
Organization of Petroleum Exporting Countries
Leveraged Buyout
Horizontal Integration
Conglomerates
40. Close banks to keep people from withdrawing all of their money and collapsing the banks.
NAFTA
Franchisee
Bank Holidays
William Taft
41. Set of values that placed a higher priority on the use of good than on their production.
Currency
Progressivism
Industrial Democracy
Consumerism
42. Income people could do with as the pleased.
Green Backs
Francis Kellor
Franchisee
Disposable Income
43. Promote economic recovery in Europe.
Decentralized Management
Industrial Policy
Marshall Plan
Consequences of Mergers
44. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Mircosoft
Post-Industrial Economy
Andrew Carnegie
Civil Rights Act
45. Most women were stalled at middle management levels.
Mann-Elkins Act
Industrial Democracy
Herbert Hoover
Glass Ceiling
46. Congress established a national banking system.
Vertical Integration
Civil War
NAFTA
Trade
47. Committed her life to social reform - immigrant committee
Vertical Integration
Francis Kellor
Green Backs
Du Pont
48. Workers would enjoy the rights of association and the ability to influence wage levels.
Economic Prosperity
Hostile Takeover
Industrial Democracy
Franklin Roosevelt
49. Control all aspects of an industry from raw materials to retail.
Green Backs
Vertical Integration
New Individualism
Sears
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
Sears
Booming American Automobile Industry
Deregulation
Gilded Age