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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.
Progressivism
Consequences of Mergers
Franchisor
Business Bureaucracies
2. Urged the gov't to control the money supply in order to control inflation.
Horizontal Integration
Managerial Revolution
Monetarism
Glass Ceiling
3. Corporate offices
Decentralized Management
Green Backs
Ralph Nader
Anti-trust Policy
4. Goal was to represent the interests of American business in general.
Military Industrial Complex 2
Deregulation
Hepburn Act
U.S Chamber of Commerce
5. Let the people do as they please
Laissez Faire
Vertical Integration
Marketing
University of PA
6. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Hostile Takeover
Functional Departmentalization
Open Prices
7. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Stagflation
Mass Industry
Andrew Carnegie
Du Pont
8. President. Standard oil - american tobacco - us steel.
Open Shop
William Taft
Decentralized Management
Franklin Roosevelt
9. Gold drain; exchange rates; free floating
Open Prices
Currency
Administrative pricing
Decentralized Management
10. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Henry Ford
Social Responsibility
Functional Departmentalization
Franklin Roosevelt
11. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Most Favorited Nation
Franchisee
Military Industrial Complex
Trade
12. Promote economic recovery in Europe.
Managerial Revolution
Marshall Plan
Glass Ceiling
1913 Federal Reserve Board
13. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Gilded Age
Trade
Populism
14. Started as a gun powder company - Rate of return.
John D. Rockafeller
Deregulation
Henry Ford
Du Pont
15. 1929 stock market crashed
Civil Rights Act
Progressivism
Herbert Hoover
Anti-trust Policy
16. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Andrew Carnegie
Green Backs
Corporation
Franklin Roosevelt
17. First college of business.
Post-Industrial Economy
Frederick Taylor
University of PA
Open Shop
18. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Open Prices
Bank Holidays
Monetarism
Franchisee
19. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Social Responsibility
Gilded Age
Marketing
Most Favorited Nation
20. Business leaders sought to achieve cooperation among business - labor and government.
Sherman Anti-Trust Act
Anti-trust Policy
Corporatism
Marketing
21. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Du Pont
Sears
Employment & Production Act
Stagflation
22. Use borrowed money to buy company. Sometimes used to take 'stock private'
Progressivism
Leveraged Buyout
Herbert Hoover
Civil Rights Act
23. Dominated the retail industry by mail order only selling.
Sears
Horizontal Integration
Welfare Capitalism
Closed Shop
24. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Hostile Takeover
Bank Holidays
New Individualism
Corporation
25. Most favored nation. Trade barriers raised.
Trade
Laissez Faire
Glass Ceiling
Du Pont
26. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Trade
Marketing
Franklin Roosevelt
27. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Montgomery Ward
Taft Hartley Act
Functional Departmentalization
28. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Ralph Nader
Corporate Management
Marketing
Populism
29. Provided national advertising and mass production
Franchisor
Marshall Plan
Andrew Carnegie
NAFTA
30. GM - Ford - and Chrysler dominated the market. GM=50% share
Managerial Revolution
Functional Departmentalization
Booming American Automobile Industry
Trade
31. Reduction in diversification. Reduction in layers of management.
Military Industrial Complex
1913 Federal Reserve Board
Industrial Policy
Consequences of Mergers
32. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Richard T. Ely
Organization of Petroleum Exporting Countries
Corporation
Most Favorited Nation
33. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Keynes Economic Theory
University of PA
Frederick Taylor
The Great Depression
34. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Oligopoly
Andrew Carnegie
Organization of Petroleum Exporting Countries
Decentralized Management
35. Committed her life to social reform - immigrant committee
Consequences of Mergers
Francis Kellor
Salmon Chase
Taft Hartley Act
36. Panic of 1907 - 5 members - foreign transactions went through NY.
1913 Federal Reserve Board
Bill Gates - Paul Allen
Sherman Anti-Trust Act
New Individualism
37. Inflation continued in the absence of robust economic growth.
Stagflation
Employment & Production Act
Open Shop
Salmon Chase
38. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Francis Kellor
Andrew Carnegie
Keynes Economic Theory
Leveraged Buyout
39. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Bank Holidays
Social Responsibility
Closed Shop
Montgomery Ward
40. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Welfare Capitalism
Andrew Carnegie
Mass Industry
Military Industrial Complex
41. Employers can hire whoever they want. Both union and non union.
Civil War
Open Shop
Henry Ford
Post-Industrial Economy
42. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Richard T. Ely
Associative State
Union Shop
Consequences of Mergers
43. Set of values that placed a higher priority on the use of good than on their production.
Open Prices
Consumerism
Currency
Montgomery Ward
44. Business - not independent trade unions should look after the best interest of the workers.
Welfare Capitalism
Glass Ceiling
Leveraged Buyout
Frederick Taylor
45. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Corporatism
Currency
Franklin Roosevelt
46. Congress established a national banking system.
Civil War
Most Favorited Nation
Military Industrial Complex
Mass Industry
47. Use of stock tender to offer to buy a company that did not want to sell.
Stagflation
Monetarism
Hostile Takeover
Horizontal Integration
48. Paper currency issued by the government to finance to civil war.
Leveraged Buyout
Vertical Integration
Green Backs
Economic Prosperity
49. Interstate Commerce Commission was strengthened. Regulated rates.
Open Prices
Open Shop
Hepburn Act
Business Bureaucracies
50. Alliance among public agencies - private firms and trade associations to handle international competitions.
University of PA
Civil War
Industrial Policy
Andrew Carnegie
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