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Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Gilded Age
Green Backs
Taft Hartley Act
Military Industrial Complex 2
2. Free trade between US - Canada - Mexico
Du Pont
Bank Holidays
NAFTA
Mann-Elkins Act
3. Few companies combines forces to control production of sale of a product.
Corporation
Sherman Anti-Trust Act
Horizontal Integration
Administrative pricing
4. 1929 stock market crashed
Du Pont
Green Backs
Herbert Hoover
Ralph Nader
5. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Richard T. Ely
Open Shop
Montgomery Ward
Marketing
6. Panic of 1907 - 5 members - foreign transactions went through NY.
Disposable Income
Bill Gates - Paul Allen
Trade
1913 Federal Reserve Board
7. Most women were stalled at middle management levels.
Administrative pricing
Glass Ceiling
Sears
Stagflation
8. Business leaders sought to achieve cooperation among business - labor and government.
Green Backs
Employment & Production Act
Consequences of Mergers
Corporatism
9. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Disposable Income
Mass Industry
Post-Industrial Economy
Hostile Takeover
10. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Frederick Taylor
Francis Kellor
The Great Depression
Organization of Petroleum Exporting Countries
11. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Andrew Carnegie
Hepburn Act
Franchisee
12. Sears.
Franchisor
Montgomery Ward
Salmon Chase
Gilded Age
13. Worked divided by specific tasks. i.e. accounting - production - ect.
Ralph Nader
Economic Prosperity
Functional Departmentalization
Currency
14. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
Hostile Takeover
Social Responsibility
Progressivism
15. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Organization of Petroleum Exporting Countries
Progressivism
Consumer Durables
Most Favorited Nation
16. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Progressivism
Horizontal Integration
Administrative pricing
17. Inflation continued in the absence of robust economic growth.
William Taft
Stagflation
Franklin Roosevelt
Marketing
18. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Open Prices
Welfare Capitalism
The Great Depression
Corporatism
19. First college of business.
Trade
Union Shop
University of PA
Sears
20. Setting of prices by mangers of large firms.
Du Pont
Marshall Plan
Currency
Administrative pricing
21. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Sherman Anti-Trust Act
Military Industrial Complex 2
Populism
22. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Hostile Takeover
Marketing
Ralph Nader
Gilded Age
23. Formalized business practices by standardized management practices.
Conglomerates
Booming American Automobile Industry
Taft Hartley Act
Managerial Revolution
24. Committed her life to social reform - immigrant committee
Francis Kellor
Deregulation
Consumer Durables
Industrial Policy
25. Reduction in diversification. Reduction in layers of management.
Hostile Takeover
Marshall Plan
Managerial Revolution
Consequences of Mergers
26. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Glass Ceiling
Military Industrial Complex
Sherman Anti-Trust Act
U.S Chamber of Commerce
27. Most favored nation. Trade barriers raised.
University of PA
Trade
Henry Ford
NAFTA
28. Ultimate authority of nations economic well being shifted from private arena - to public arena.
1913 Federal Reserve Board
Corporate Management
Employment & Production Act
Industrial Democracy
29. Started as a gun powder company - Rate of return.
Glass Ceiling
Corporatism
Associative State
Du Pont
30. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Sears
NAFTA
Union Shop
31. Provided national advertising and mass production
Franchisor
Booming American Automobile Industry
Richard T. Ely
Union Shop
32. Let the people do as they please
Marshall Plan
U.S Chamber of Commerce
Green Backs
Laissez Faire
33. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Herbert Hoover
Post-Industrial Economy
Economic Prosperity
Sears
34. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Trade
Associative State
Military Industrial Complex
Andrew Carnegie
35. Interstate Commerce Commission was strengthened. Regulated rates.
Frederick Taylor
Hepburn Act
Leveraged Buyout
Industrial Policy
36. GM - Ford - and Chrysler dominated the market. GM=50% share
Mircosoft
Booming American Automobile Industry
Deregulation
Open Prices
37. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Booming American Automobile Industry
Hepburn Act
Herbert Hoover
Corporation
38. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
The Great Depression
Franklin Roosevelt
Consequences of Mergers
New Individualism
39. Items purchased by consumers for use over more than a year or two.
Franklin Roosevelt
Marketing
Monetarism
Consumer Durables
40. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Industrial Policy
Conglomerates
Mircosoft
Franchisee
41. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Civil War
Social Responsibility
NAFTA
42. Control all aspects of an industry from raw materials to retail.
Stagflation
Industrial Policy
Vertical Integration
Franklin Roosevelt
43. President. Standard oil - american tobacco - us steel.
Oligopoly
Corporate Management
Green Backs
William Taft
44. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Salmon Chase
Open Prices
Booming American Automobile Industry
Most Favorited Nation
45. Congress established a national banking system.
Civil War
Corporatism
1913 Federal Reserve Board
Trade
46. Use borrowed money to buy company. Sometimes used to take 'stock private'
University of PA
Henry Ford
Social Responsibility
Leveraged Buyout
47. Sought to break up the control of big business to create more opportunities.
Monetarism
1913 Federal Reserve Board
Populism
Union Shop
48. Could only hire union workers. Illegal
Frederick Taylor
Marketing
Closed Shop
The Great Depression
49. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Democracy
Social Responsibility
Montgomery Ward
Salmon Chase
50. Developed the assembly line. Anti Union. Model T.
Post-Industrial Economy
Henry Ford
Stagflation
Gilded Age
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