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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. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Taft Hartley Act
Franklin Roosevelt
Corporate Management
The Great Depression
2. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Mircosoft
Military Industrial Complex
Most Favorited Nation
3. Set of values that placed a higher priority on the use of good than on their production.
Franchisee
Managerial Revolution
Sherman Anti-Trust Act
Consumerism
4. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Military Industrial Complex 2
Marshall Plan
Social Responsibility
1913 Federal Reserve Board
5. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Monetarism
U.S Chamber of Commerce
Richard T. Ely
Economic Prosperity
6. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Taft Hartley Act
Consequences of Mergers
William Taft
7. President. Standard oil - american tobacco - us steel.
U.S Chamber of Commerce
Social Responsibility
William Taft
Industrial Democracy
8. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Military Industrial Complex
University of PA
Industrial Democracy
Gilded Age
9. Alliance among public agencies - private firms and trade associations to handle international competitions.
Most Favorited Nation
Booming American Automobile Industry
Industrial Policy
Open Prices
10. A few firms dominate an industry. Price competition decreased.
Oligopoly
Economic Prosperity
NAFTA
Associative State
11. Creators of Microsoft
Richard T. Ely
Bill Gates - Paul Allen
Consumer Durables
Keynes Economic Theory
12. Sought to break up the control of big business to create more opportunities.
Stagflation
Francis Kellor
Populism
Open Shop
13. Interstate Commerce Commission was strengthened. Regulated rates.
Bill Gates - Paul Allen
Hostile Takeover
Conglomerates
Hepburn Act
14. Companies had the right to manage. Union leaders.
Civil Rights Act
Taft Hartley Act
Functional Departmentalization
Marketing
15. Sears.
Currency
Progressivism
Montgomery Ward
Closed Shop
16. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Franchisee
Anti-trust Policy
Salmon Chase
Sherman Anti-Trust Act
17. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Anti-trust Policy
Taft Hartley Act
Open Shop
18. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Gilded Age
Open Prices
Economic Prosperity
19. Programs intended to stabilize the economy while maintaining individual autonomy.
Social Responsibility
Associative State
Salmon Chase
Vertical Integration
20. Inflation continued in the absence of robust economic growth.
Bill Gates - Paul Allen
Trade
Stagflation
Post-Industrial Economy
21. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Industrial Democracy
Booming American Automobile Industry
Stagflation
Conglomerates
22. 1929 stock market crashed
Deregulation
Keynes Economic Theory
Du Pont
Herbert Hoover
23. Business - not independent trade unions should look after the best interest of the workers.
Industrial Policy
Welfare Capitalism
Taft Hartley Act
Corporation
24. Provided national advertising and mass production
Trade
Franchisor
Industrial Democracy
Closed Shop
25. Committed her life to social reform - immigrant committee
Welfare Capitalism
Marketing
New Individualism
Francis Kellor
26. Congress established a national banking system.
Employment & Production Act
Bank Holidays
Anti-trust Policy
Civil War
27. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Leveraged Buyout
Glass Ceiling
Horizontal Integration
Gilded Age
28. GM - Ford - and Chrysler dominated the market. GM=50% share
Open Shop
Corporatism
Booming American Automobile Industry
Managerial Revolution
29. Business leaders sought to achieve cooperation among business - labor and government.
Mann-Elkins Act
Corporatism
Montgomery Ward
Employment & Production Act
30. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Populism
Employment & Production Act
Henry Ford
Marshall Plan
31. Workers would enjoy the rights of association and the ability to influence wage levels.
Frederick Taylor
Richard T. Ely
Industrial Democracy
Civil War
32. Oil refining business. He was the first billionaire.
Progressivism
Marketing
John D. Rockafeller
Open Shop
33. Most women were stalled at middle management levels.
Mass Industry
Oligopoly
Ralph Nader
Glass Ceiling
34. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Conglomerates
Trade
Leveraged Buyout
35. Dominated the retail industry by mail order only selling.
Sears
Economic Prosperity
Welfare Capitalism
Deregulation
36. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Business Bureaucracies
New Individualism
Conglomerates
Organization of Petroleum Exporting Countries
37. Setting of prices by mangers of large firms.
Trade
Deregulation
Administrative pricing
Military Industrial Complex
38. Free trade between US - Canada - Mexico
University of PA
Conglomerates
NAFTA
Hepburn Act
39. Could only hire union workers. Illegal
Closed Shop
Booming American Automobile Industry
The Great Depression
Marketing
40. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Disposable Income
William Taft
Business Bureaucracies
Most Favorited Nation
41. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Welfare Capitalism
Most Favorited Nation
Progressivism
Consequences of Mergers
42. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Administrative pricing
Franchisee
Salmon Chase
Keynes Economic Theory
43. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Disposable Income
The Great Depression
Post-Industrial Economy
Ralph Nader
44. Reduction in diversification. Reduction in layers of management.
Bank Holidays
Marshall Plan
Montgomery Ward
Consequences of Mergers
45. Gold drain; exchange rates; free floating
Andrew Carnegie
Disposable Income
Booming American Automobile Industry
Currency
46. Control all aspects of an industry from raw materials to retail.
Anti-trust Policy
Herbert Hoover
Vertical Integration
Mass Industry
47. Started as a gun powder company - Rate of return.
Decentralized Management
The Great Depression
Du Pont
Sherman Anti-Trust Act
48. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Du Pont
Henry Ford
Glass Ceiling
49. Most favored nation. Trade barriers raised.
Mircosoft
Marketing
Corporation
Trade
50. American firms were poised to dominate economic activity in a system of free trade.
Populism
1913 Federal Reserve Board
Economic Prosperity
Booming American Automobile Industry