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Test your basic knowledge |
Management 101: Business History
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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. President. Standard oil - american tobacco - us steel.
William Taft
Employment & Production Act
Monetarism
Mircosoft
2. Free trade between US - Canada - Mexico
Frederick Taylor
Keynes Economic Theory
Francis Kellor
NAFTA
3. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Consequences of Mergers
Franklin Roosevelt
Herbert Hoover
John D. Rockafeller
4. Most women were stalled at middle management levels.
Henry Ford
Glass Ceiling
Salmon Chase
Closed Shop
5. Provided national advertising and mass production
Franchisor
Administrative pricing
Corporation
Welfare Capitalism
6. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Vertical Integration
Open Prices
Hostile Takeover
Bank Holidays
7. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Administrative pricing
Bill Gates - Paul Allen
Montgomery Ward
8. Committed her life to social reform - immigrant committee
Francis Kellor
Hepburn Act
Bank Holidays
Sears
9. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Industrial Democracy
Organization of Petroleum Exporting Countries
Business Bureaucracies
Franchisee
10. Income people could do with as the pleased.
Bill Gates - Paul Allen
Marshall Plan
Disposable Income
Franchisor
11. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Consumer Durables
Most Favorited Nation
Deregulation
Hepburn Act
12. Burden of proof to raise rates was now the responsibility of the railroads.
University of PA
Mann-Elkins Act
Sherman Anti-Trust Act
Franklin Roosevelt
13. Creators of Microsoft
Sherman Anti-Trust Act
Bill Gates - Paul Allen
Consumerism
Military Industrial Complex
14. Gold drain; exchange rates; free floating
Hepburn Act
Civil Rights Act
Open Prices
Currency
15. Worlds largest provider of computer software for desktops.
Booming American Automobile Industry
Mircosoft
Welfare Capitalism
Mann-Elkins Act
16. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Deregulation
Military Industrial Complex
Welfare Capitalism
Marshall Plan
17. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Booming American Automobile Industry
Managerial Revolution
Closed Shop
18. Formalized business practices by standardized management practices.
Business Bureaucracies
Civil Rights Act
Open Shop
Managerial Revolution
19. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Post-Industrial Economy
Herbert Hoover
Functional Departmentalization
20. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Open Prices
William Taft
Corporate Management
The Great Depression
21. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Marshall Plan
Vertical Integration
Union Shop
22. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Mann-Elkins Act
Marketing
The Great Depression
1913 Federal Reserve Board
23. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Economic Prosperity
Civil War
Green Backs
24. Let the people do as they please
Consumer Durables
Corporatism
Laissez Faire
Herbert Hoover
25. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
University of PA
Consumer Durables
Corporatism
26. 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.
Marketing
Montgomery Ward
Frederick Taylor
Sherman Anti-Trust Act
27. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Franklin Roosevelt
Union Shop
Civil War
Frederick Taylor
28. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Andrew Carnegie
Herbert Hoover
Du Pont
29. A few firms dominate an industry. Price competition decreased.
Oligopoly
Corporate Management
Hepburn Act
Montgomery Ward
30. Setting of prices by mangers of large firms.
Decentralized Management
Administrative pricing
Mann-Elkins Act
Trade
31. Companies had the right to manage. Union leaders.
Taft Hartley Act
Social Responsibility
Sears
Horizontal Integration
32. Business leaders sought to achieve cooperation among business - labor and government.
Consumer Durables
Corporatism
Union Shop
Progressivism
33. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Hepburn Act
U.S Chamber of Commerce
Keynes Economic Theory
Closed Shop
34. Inflation continued in the absence of robust economic growth.
Consumerism
Industrial Democracy
Stagflation
Civil Rights Act
35. Promote economic recovery in Europe.
Marshall Plan
Du Pont
Glass Ceiling
The Great Depression
36. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Monetarism
Economic Prosperity
Mass Industry
37. Could only hire union workers. Illegal
The Great Depression
Administrative pricing
Monetarism
Closed Shop
38. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Civil War
Henry Ford
Corporatism
39. Reduction in diversification. Reduction in layers of management.
Frederick Taylor
John D. Rockafeller
Consequences of Mergers
Andrew Carnegie
40. Sec. of Treasury under lincoln. Father of national Banking system.
Employment & Production Act
Salmon Chase
Franchisee
Corporation
41. Paper currency issued by the government to finance to civil war.
Mircosoft
Green Backs
Keynes Economic Theory
Andrew Carnegie
42. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Andrew Carnegie
Organization of Petroleum Exporting Countries
Oligopoly
University of PA
43. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Industrial Policy
Associative State
Civil Rights Act
44. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Francis Kellor
Ralph Nader
Green Backs
University of PA
45. Use of stock tender to offer to buy a company that did not want to sell.
Du Pont
Laissez Faire
Hepburn Act
Hostile Takeover
46. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Civil War
Administrative pricing
William Taft
47. First college of business.
Stagflation
Managerial Revolution
Currency
University of PA
48. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Corporatism
Decentralized Management
Organization of Petroleum Exporting Countries
Populism
49. Sears.
Mircosoft
Montgomery Ward
Frederick Taylor
Green Backs
50. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Oligopoly
Consumerism
Richard T. Ely
Green Backs