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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. Employers can hire whoever they want. Both union and non union.
Civil War
Hepburn Act
Monetarism
Open Shop
2. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Montgomery Ward
Welfare Capitalism
Closed Shop
3. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Sherman Anti-Trust Act
Most Favorited Nation
Industrial Democracy
Economic Prosperity
4. Sought to break up the control of big business to create more opportunities.
Corporate Management
Du Pont
Business Bureaucracies
Populism
5. Workers would enjoy the rights of association and the ability to influence wage levels.
Green Backs
Keynes Economic Theory
Industrial Democracy
Frederick Taylor
6. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Marshall Plan
Oligopoly
Keynes Economic Theory
Conglomerates
7. First college of business.
Consumerism
Franchisor
University of PA
Organization of Petroleum Exporting Countries
8. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Stagflation
Marshall Plan
Andrew Carnegie
Gilded Age
9. GM - Ford - and Chrysler dominated the market. GM=50% share
Managerial Revolution
Booming American Automobile Industry
Military Industrial Complex 2
Most Favorited Nation
10. Gold drain; exchange rates; free floating
Andrew Carnegie
Currency
Consumerism
Mircosoft
11. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Booming American Automobile Industry
Monetarism
Populism
Corporate Management
12. Congress established a national banking system.
Richard T. Ely
Military Industrial Complex
Stagflation
Civil War
13. Goal was to represent the interests of American business in general.
Administrative pricing
Salmon Chase
U.S Chamber of Commerce
Decentralized Management
14. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Herbert Hoover
Green Backs
Deregulation
Marketing
15. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Green Backs
Union Shop
Richard T. Ely
Stagflation
16. Interstate Commerce Commission was strengthened. Regulated rates.
Taft Hartley Act
Marshall Plan
Hepburn Act
Du Pont
17. Developed the assembly line. Anti Union. Model T.
Richard T. Ely
Union Shop
Henry Ford
Monetarism
18. Setting of prices by mangers of large firms.
Hepburn Act
Keynes Economic Theory
Montgomery Ward
Administrative pricing
19. Creators of Microsoft
Bill Gates - Paul Allen
Corporation
Leveraged Buyout
Disposable Income
20. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Anti-trust Policy
Military Industrial Complex
Sherman Anti-Trust Act
Social Responsibility
21. President. Standard oil - american tobacco - us steel.
John D. Rockafeller
New Individualism
Business Bureaucracies
William Taft
22. Could only hire union workers. Illegal
NAFTA
Closed Shop
Francis Kellor
Associative State
23. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Closed Shop
The Great Depression
Hepburn Act
Military Industrial Complex 2
24. Dominated the retail industry by mail order only selling.
Sears
Andrew Carnegie
Open Prices
Administrative pricing
25. Provided national advertising and mass production
Economic Prosperity
Franchisor
Henry Ford
Civil Rights Act
26. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Sears
Andrew Carnegie
Corporate Management
Military Industrial Complex
27. Worlds largest provider of computer software for desktops.
Administrative pricing
The Great Depression
Corporation
Mircosoft
28. Formalized business practices by standardized management practices.
Marshall Plan
Managerial Revolution
Gilded Age
Conglomerates
29. Items purchased by consumers for use over more than a year or two.
Consumer Durables
Corporation
Military Industrial Complex
Monetarism
30. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Gilded Age
Functional Departmentalization
Montgomery Ward
Franklin Roosevelt
31. Urged the gov't to control the money supply in order to control inflation.
Open Prices
Decentralized Management
Monetarism
Hepburn Act
32. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Herbert Hoover
Franchisee
Union Shop
Military Industrial Complex
33. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Bill Gates - Paul Allen
Stagflation
Booming American Automobile Industry
Franchisee
34. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Administrative pricing
The Great Depression
Marketing
Anti-trust Policy
35. Sears.
Corporation
Montgomery Ward
Deregulation
Sears
36. Control all aspects of an industry from raw materials to retail.
Vertical Integration
Disposable Income
Taft Hartley Act
Most Favorited Nation
37. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Franklin Roosevelt
Social Responsibility
Francis Kellor
Green Backs
38. Burden of proof to raise rates was now the responsibility of the railroads.
Franchisee
Mann-Elkins Act
Corporate Management
Progressivism
39. American firms were poised to dominate economic activity in a system of free trade.
Open Shop
Hostile Takeover
Economic Prosperity
Closed Shop
40. 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.
Keynes Economic Theory
Social Responsibility
Marketing
Frederick Taylor
41. A few firms dominate an industry. Price competition decreased.
Henry Ford
Oligopoly
Franchisor
Frederick Taylor
42. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
University of PA
Managerial Revolution
Mircosoft
43. Use borrowed money to buy company. Sometimes used to take 'stock private'
Vertical Integration
Functional Departmentalization
Leveraged Buyout
The Great Depression
44. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Organization of Petroleum Exporting Countries
Consumer Durables
Open Prices
Bill Gates - Paul Allen
45. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Montgomery Ward
Corporation
Mircosoft
Organization of Petroleum Exporting Countries
46. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Administrative pricing
New Individualism
Andrew Carnegie
47. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Richard T. Ely
Associative State
University of PA
48. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
New Individualism
Sherman Anti-Trust Act
Keynes Economic Theory
Union Shop
49. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Franchisee
Corporation
Conglomerates
50. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Open Prices
Closed Shop
Business Bureaucracies