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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. First college of business.
University of PA
Economic Prosperity
Franchisee
Corporate Management
2. President. Standard oil - american tobacco - us steel.
Trade
Mass Industry
Industrial Policy
William Taft
3. Business - not independent trade unions should look after the best interest of the workers.
Consumerism
Social Responsibility
Welfare Capitalism
1913 Federal Reserve Board
4. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Disposable Income
Green Backs
William Taft
Most Favorited Nation
5. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Progressivism
Deregulation
Organization of Petroleum Exporting Countries
Administrative pricing
6. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Union Shop
Mircosoft
Du Pont
Bank Holidays
7. Sought to break up the control of big business to create more opportunities.
Functional Departmentalization
Mann-Elkins Act
Populism
Deregulation
8. Worlds largest provider of computer software for desktops.
Mircosoft
Military Industrial Complex 2
Frederick Taylor
Vertical Integration
9. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Laissez Faire
Organization of Petroleum Exporting Countries
Disposable Income
Corporation
10. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Union Shop
Keynes Economic Theory
U.S Chamber of Commerce
Welfare Capitalism
11. Setting of prices by mangers of large firms.
1913 Federal Reserve Board
Administrative pricing
Welfare Capitalism
Conglomerates
12. 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.
Montgomery Ward
Salmon Chase
Functional Departmentalization
Marketing
13. Gold drain; exchange rates; free floating
Currency
Civil War
Industrial Democracy
Consumerism
14. Sec. of Treasury under lincoln. Father of national Banking system.
Associative State
University of PA
Ralph Nader
Salmon Chase
15. 1929 stock market crashed
Herbert Hoover
Consequences of Mergers
Sears
Booming American Automobile Industry
16. Formalized business practices by standardized management practices.
Bill Gates - Paul Allen
Gilded Age
Consequences of Mergers
Managerial Revolution
17. Congress established a national banking system.
Military Industrial Complex
Most Favorited Nation
Oligopoly
Civil War
18. 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.
Currency
Monetarism
U.S Chamber of Commerce
Frederick Taylor
19. Companies had the right to manage. Union leaders.
Taft Hartley Act
Richard T. Ely
Du Pont
Hepburn Act
20. Burden of proof to raise rates was now the responsibility of the railroads.
Decentralized Management
Currency
Mircosoft
Mann-Elkins Act
21. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
William Taft
Hepburn Act
New Individualism
Bank Holidays
22. Free trade between US - Canada - Mexico
Herbert Hoover
Functional Departmentalization
NAFTA
U.S Chamber of Commerce
23. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Ralph Nader
Conglomerates
Monetarism
Anti-trust Policy
24. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Consumerism
Employment & Production Act
U.S Chamber of Commerce
Decentralized Management
25. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Civil War
Civil Rights Act
Corporatism
Progressivism
26. Business leaders sought to achieve cooperation among business - labor and government.
Organization of Petroleum Exporting Countries
Corporatism
Business Bureaucracies
Anti-trust Policy
27. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Corporate Management
Du Pont
1913 Federal Reserve Board
28. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Salmon Chase
Mann-Elkins Act
Ralph Nader
29. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Mann-Elkins Act
Functional Departmentalization
Corporate Management
Laissez Faire
30. Few companies combines forces to control production of sale of a product.
Bill Gates - Paul Allen
Horizontal Integration
Bank Holidays
Du Pont
31. American firms were poised to dominate economic activity in a system of free trade.
Social Responsibility
Marketing
Economic Prosperity
Glass Ceiling
32. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Economic Prosperity
The Great Depression
Anti-trust Policy
Glass Ceiling
33. Paper currency issued by the government to finance to civil war.
William Taft
Green Backs
Consumerism
Welfare Capitalism
34. Worked divided by specific tasks. i.e. accounting - production - ect.
Decentralized Management
Civil War
Functional Departmentalization
Franchisee
35. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Conglomerates
Marketing
Bank Holidays
36. Employers can hire whoever they want. Both union and non union.
Vertical Integration
Open Shop
Leveraged Buyout
Associative State
37. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Populism
Military Industrial Complex 2
Du Pont
38. Workers would enjoy the rights of association and the ability to influence wage levels.
Consumer Durables
Employment & Production Act
Du Pont
Industrial Democracy
39. Committed her life to social reform - immigrant committee
Consumerism
Andrew Carnegie
Francis Kellor
Franchisee
40. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Mass Industry
Laissez Faire
Booming American Automobile Industry
41. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Herbert Hoover
Social Responsibility
Corporation
42. Corporate offices
Mircosoft
Decentralized Management
Union Shop
John D. Rockafeller
43. Creators of Microsoft
William Taft
Mann-Elkins Act
Bill Gates - Paul Allen
Vertical Integration
44. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Sears
Open Shop
Closed Shop
45. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Consumer Durables
Horizontal Integration
Post-Industrial Economy
46. Income people could do with as the pleased.
Monetarism
Vertical Integration
Franklin Roosevelt
Disposable Income
47. Dominated the retail industry by mail order only selling.
Sears
Francis Kellor
Conglomerates
Closed Shop
48. Most favored nation. Trade barriers raised.
Sherman Anti-Trust Act
Trade
Booming American Automobile Industry
U.S Chamber of Commerce
49. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Frederick Taylor
Ralph Nader
Richard T. Ely
Decentralized Management
50. Promote economic recovery in Europe.
Mircosoft
Marshall Plan
Associative State
Consumer Durables