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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. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Salmon Chase
Business Bureaucracies
Marshall Plan
Horizontal Integration
2. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Herbert Hoover
Marketing
Oligopoly
3. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Consequences of Mergers
Military Industrial Complex
Civil Rights Act
Mann-Elkins Act
4. Companies had the right to manage. Union leaders.
Hepburn Act
Bill Gates - Paul Allen
Associative State
Taft Hartley Act
5. Burden of proof to raise rates was now the responsibility of the railroads.
Consequences of Mergers
Closed Shop
Mann-Elkins Act
Mass Industry
6. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Civil Rights Act
Military Industrial Complex
Herbert Hoover
Conglomerates
7. Employers can hire whoever they want. Both union and non union.
Union Shop
University of PA
Corporation
Open Shop
8. Corporate offices
Du Pont
Most Favorited Nation
Corporation
Decentralized Management
9. A few firms dominate an industry. Price competition decreased.
Welfare Capitalism
Monetarism
Organization of Petroleum Exporting Countries
Oligopoly
10. Income people could do with as the pleased.
Functional Departmentalization
Disposable Income
Henry Ford
Salmon Chase
11. Sec. of Treasury under lincoln. Father of national Banking system.
Civil War
Business Bureaucracies
William Taft
Salmon Chase
12. Control all aspects of an industry from raw materials to retail.
Marshall Plan
Industrial Policy
Conglomerates
Vertical Integration
13. Panic of 1907 - 5 members - foreign transactions went through NY.
Henry Ford
1913 Federal Reserve Board
Corporatism
Keynes Economic Theory
14. Dominated the retail industry by mail order only selling.
University of PA
Sears
Franchisor
Monetarism
15. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Functional Departmentalization
Richard T. Ely
Post-Industrial Economy
Sherman Anti-Trust Act
16. Business - not independent trade unions should look after the best interest of the workers.
University of PA
Welfare Capitalism
Green Backs
Mircosoft
17. Setting of prices by mangers of large firms.
Administrative pricing
Decentralized Management
Economic Prosperity
Closed Shop
18. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Open Shop
Organization of Petroleum Exporting Countries
Military Industrial Complex 2
Corporation
19. Most favored nation. Trade barriers raised.
Richard T. Ely
Mann-Elkins Act
Bill Gates - Paul Allen
Trade
20. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Functional Departmentalization
Gilded Age
Decentralized Management
NAFTA
21. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Richard T. Ely
Mann-Elkins Act
Social Responsibility
1913 Federal Reserve Board
22. 1929 stock market crashed
Functional Departmentalization
Oligopoly
Green Backs
Herbert Hoover
23. American firms were poised to dominate economic activity in a system of free trade.
Marshall Plan
Montgomery Ward
John D. Rockafeller
Economic Prosperity
24. Goal was to represent the interests of American business in general.
Deregulation
Montgomery Ward
Economic Prosperity
U.S Chamber of Commerce
25. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Union Shop
Franchisor
Bank Holidays
26. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Open Shop
Marshall Plan
Corporation
Deregulation
27. Worlds largest provider of computer software for desktops.
Marketing
Mass Industry
Mircosoft
Franklin Roosevelt
28. Business leaders sought to achieve cooperation among business - labor and government.
John D. Rockafeller
Anti-trust Policy
Social Responsibility
Corporatism
29. Gold drain; exchange rates; free floating
Corporate Management
Industrial Democracy
Currency
Booming American Automobile Industry
30. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Union Shop
Laissez Faire
Leveraged Buyout
Green Backs
31. Interstate Commerce Commission was strengthened. Regulated rates.
Welfare Capitalism
Hepburn Act
Francis Kellor
Mass Industry
32. Congress established a national banking system.
Sherman Anti-Trust Act
Civil War
Monetarism
Glass Ceiling
33. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Henry Ford
The Great Depression
Corporate Management
Decentralized Management
34. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Monetarism
Civil War
Progressivism
Glass Ceiling
35. Let the people do as they please
John D. Rockafeller
Conglomerates
Post-Industrial Economy
Laissez Faire
36. Set of values that placed a higher priority on the use of good than on their production.
Hepburn Act
John D. Rockafeller
Mircosoft
Consumerism
37. Formalized business practices by standardized management practices.
Anti-trust Policy
Managerial Revolution
NAFTA
Mircosoft
38. Sought to break up the control of big business to create more opportunities.
Populism
Montgomery Ward
Mann-Elkins Act
Organization of Petroleum Exporting Countries
39. Developed the assembly line. Anti Union. Model T.
Henry Ford
John D. Rockafeller
Salmon Chase
Industrial Democracy
40. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Leveraged Buyout
Civil War
The Great Depression
Bank Holidays
41. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
William Taft
Marketing
Montgomery Ward
42. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Glass Ceiling
Corporatism
Franklin Roosevelt
Richard T. Ely
43. Workers would enjoy the rights of association and the ability to influence wage levels.
1913 Federal Reserve Board
Decentralized Management
Franchisor
Industrial Democracy
44. Urged the gov't to control the money supply in order to control inflation.
Herbert Hoover
Managerial Revolution
Monetarism
U.S Chamber of Commerce
45. 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.
Corporatism
John D. Rockafeller
Frederick Taylor
William Taft
46. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Marketing
1913 Federal Reserve Board
Most Favorited Nation
Open Prices
47. Items purchased by consumers for use over more than a year or two.
U.S Chamber of Commerce
Trade
Consumer Durables
Herbert Hoover
48. 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.
Bill Gates - Paul Allen
Marketing
Consumer Durables
Closed Shop
49. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Stagflation
Monetarism
Salmon Chase
Military Industrial Complex 2
50. Most women were stalled at middle management levels.
Glass Ceiling
Open Shop
Montgomery Ward
Union Shop
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