SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
|
Email
Search
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. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Ralph Nader
Taft Hartley Act
Richard T. Ely
Bank Holidays
2. Programs intended to stabilize the economy while maintaining individual autonomy.
Welfare Capitalism
Keynes Economic Theory
Associative State
Industrial Democracy
3. Set of values that placed a higher priority on the use of good than on their production.
Social Responsibility
Consumerism
Trade
John D. Rockafeller
4. Use borrowed money to buy company. Sometimes used to take 'stock private'
John D. Rockafeller
U.S Chamber of Commerce
Leveraged Buyout
Marshall Plan
5. Control all aspects of an industry from raw materials to retail.
Organization of Petroleum Exporting Countries
Keynes Economic Theory
Vertical Integration
U.S Chamber of Commerce
6. Income people could do with as the pleased.
New Individualism
Marketing
Disposable Income
Francis Kellor
7. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Decentralized Management
Post-Industrial Economy
Sears
Corporatism
8. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Henry Ford
Glass Ceiling
Sherman Anti-Trust Act
Consequences of Mergers
9. Could only hire union workers. Illegal
Closed Shop
Frederick Taylor
Corporate Management
Disposable Income
10. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Civil War
Economic Prosperity
Marketing
Industrial Democracy
11. Oil refining business. He was the first billionaire.
Closed Shop
John D. Rockafeller
Richard T. Ely
Progressivism
12. Sought to break up the control of big business to create more opportunities.
Union Shop
Leveraged Buyout
Populism
Post-Industrial Economy
13. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Post-Industrial Economy
Sherman Anti-Trust Act
NAFTA
Andrew Carnegie
14. Setting of prices by mangers of large firms.
Sears
Civil War
Administrative pricing
Mann-Elkins Act
15. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Francis Kellor
Business Bureaucracies
Du Pont
The Great Depression
16. Creators of Microsoft
Andrew Carnegie
Bill Gates - Paul Allen
John D. Rockafeller
Horizontal Integration
17. Most favored nation. Trade barriers raised.
Currency
Associative State
Trade
Mass Industry
18. Business - not independent trade unions should look after the best interest of the workers.
Franklin Roosevelt
Frederick Taylor
Populism
Welfare Capitalism
19. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Military Industrial Complex
Consumer Durables
Herbert Hoover
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
Employment & Production Act
Corporate Management
Monetarism
Gilded Age
21. Few companies combines forces to control production of sale of a product.
Corporation
Civil War
Glass Ceiling
Horizontal Integration
22. American firms were poised to dominate economic activity in a system of free trade.
Mann-Elkins Act
Trade
The Great Depression
Economic Prosperity
23. Committed her life to social reform - immigrant committee
Francis Kellor
Open Shop
Du Pont
University of PA
24. Workers would enjoy the rights of association and the ability to influence wage levels.
Bank Holidays
Richard T. Ely
Progressivism
Industrial Democracy
25. Gold drain; exchange rates; free floating
Green Backs
Marshall Plan
Currency
Economic Prosperity
26. Dominated the retail industry by mail order only selling.
Sears
Glass Ceiling
Decentralized Management
Franchisee
27. Alliance among public agencies - private firms and trade associations to handle international competitions.
Francis Kellor
Frederick Taylor
Economic Prosperity
Industrial Policy
28. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Frederick Taylor
Marketing
Most Favorited Nation
University of PA
29. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Bill Gates - Paul Allen
Corporation
Marshall Plan
Welfare Capitalism
30. Free trade between US - Canada - Mexico
NAFTA
Anti-trust Policy
Progressivism
Marshall Plan
31. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Keynes Economic Theory
Herbert Hoover
Franchisee
Business Bureaucracies
32. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Oligopoly
Leveraged Buyout
Disposable Income
33. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Disposable Income
Ralph Nader
Vertical Integration
Booming American Automobile Industry
34. Most women were stalled at middle management levels.
Glass Ceiling
Corporatism
Mircosoft
Herbert Hoover
35. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Open Shop
Economic Prosperity
Mass Industry
Monetarism
36. Worked divided by specific tasks. i.e. accounting - production - ect.
Union Shop
Sherman Anti-Trust Act
U.S Chamber of Commerce
Functional Departmentalization
37. President. Standard oil - american tobacco - us steel.
Functional Departmentalization
Consumer Durables
Leveraged Buyout
William Taft
38. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
John D. Rockafeller
Frederick Taylor
Corporate Management
Consequences of Mergers
39. A few firms dominate an industry. Price competition decreased.
Social Responsibility
New Individualism
Oligopoly
Hostile Takeover
40. Interstate Commerce Commission was strengthened. Regulated rates.
Industrial Policy
Herbert Hoover
Gilded Age
Hepburn Act
41. 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.
Industrial Democracy
Marketing
Corporation
Leveraged Buyout
42. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Union Shop
Bill Gates - Paul Allen
Franklin Roosevelt
43. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Military Industrial Complex 2
Open Prices
Military Industrial Complex
Montgomery Ward
44. Employers can hire whoever they want. Both union and non union.
Bill Gates - Paul Allen
Decentralized Management
Salmon Chase
Open Shop
45. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Mircosoft
Post-Industrial Economy
Richard T. Ely
46. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Organization of Petroleum Exporting Countries
Social Responsibility
Bank Holidays
Mircosoft
47. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
The Great Depression
Organization of Petroleum Exporting Countries
Taft Hartley Act
New Individualism
48. Inflation continued in the absence of robust economic growth.
NAFTA
Employment & Production Act
Marketing
Stagflation
49. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
John D. Rockafeller
Green Backs
Bank Holidays
Union Shop
50. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Franchisor
Consequences of Mergers
Military Industrial Complex
1913 Federal Reserve Board