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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. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Bill Gates - Paul Allen
Francis Kellor
Hepburn Act
Union Shop
2. Employers can hire whoever they want. Both union and non union.
Franchisor
Open Shop
Administrative pricing
Andrew Carnegie
3. 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.
Organization of Petroleum Exporting Countries
The Great Depression
Frederick Taylor
Monetarism
4. Formalized business practices by standardized management practices.
Managerial Revolution
Trade
Marketing
Industrial Democracy
5. First college of business.
Henry Ford
Welfare Capitalism
University of PA
Open Prices
6. Worlds largest provider of computer software for desktops.
Green Backs
Mircosoft
NAFTA
Consumerism
7. GM - Ford - and Chrysler dominated the market. GM=50% share
Corporatism
Booming American Automobile Industry
Andrew Carnegie
Social Responsibility
8. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Associative State
Francis Kellor
John D. Rockafeller
Andrew Carnegie
9. Use borrowed money to buy company. Sometimes used to take 'stock private'
Civil War
Welfare Capitalism
Leveraged Buyout
Laissez Faire
10. A few firms dominate an industry. Price competition decreased.
Economic Prosperity
Stagflation
Andrew Carnegie
Oligopoly
11. Congress established a national banking system.
Civil War
Horizontal Integration
Francis Kellor
Marshall Plan
12. Promote economic recovery in Europe.
Marshall Plan
Corporate Management
NAFTA
Bank Holidays
13. Ultimate authority of nations economic well being shifted from private arena - to public arena.
William Taft
Sherman Anti-Trust Act
Civil War
Employment & Production Act
14. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Associative State
Civil War
Bank Holidays
15. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Disposable Income
Monetarism
Organization of Petroleum Exporting Countries
New Individualism
16. Business - not independent trade unions should look after the best interest of the workers.
Civil Rights Act
Welfare Capitalism
Laissez Faire
Richard T. Ely
17. American firms were poised to dominate economic activity in a system of free trade.
Currency
U.S Chamber of Commerce
Populism
Economic Prosperity
18. Business leaders sought to achieve cooperation among business - labor and government.
Functional Departmentalization
Corporatism
Vertical Integration
Laissez Faire
19. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
New Individualism
Stagflation
Consequences of Mergers
Organization of Petroleum Exporting Countries
20. 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.
Marketing
Corporation
Bill Gates - Paul Allen
Corporatism
21. Could only hire union workers. Illegal
Mircosoft
Closed Shop
Deregulation
Bank Holidays
22. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Bank Holidays
Associative State
Mass Industry
23. Gold drain; exchange rates; free floating
Sherman Anti-Trust Act
Franchisor
Economic Prosperity
Currency
24. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Business Bureaucracies
U.S Chamber of Commerce
Montgomery Ward
Deregulation
25. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Hostile Takeover
Trade
Glass Ceiling
Corporate Management
26. Use of stock tender to offer to buy a company that did not want to sell.
Oligopoly
Hostile Takeover
Horizontal Integration
Henry Ford
27. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Glass Ceiling
Monetarism
Most Favorited Nation
Oligopoly
28. Provided national advertising and mass production
Industrial Democracy
Franchisor
Sherman Anti-Trust Act
Civil War
29. 1929 stock market crashed
Herbert Hoover
Ralph Nader
Military Industrial Complex 2
Sherman Anti-Trust Act
30. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Decentralized Management
Military Industrial Complex
1913 Federal Reserve Board
Hostile Takeover
31. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Civil War
Francis Kellor
Corporate Management
Mass Industry
32. Goal was to represent the interests of American business in general.
Montgomery Ward
Union Shop
U.S Chamber of Commerce
Andrew Carnegie
33. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Du Pont
1913 Federal Reserve Board
Bill Gates - Paul Allen
34. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Bill Gates - Paul Allen
Franklin Roosevelt
Sherman Anti-Trust Act
Anti-trust Policy
35. Alliance among public agencies - private firms and trade associations to handle international competitions.
Business Bureaucracies
Conglomerates
Taft Hartley Act
Industrial Policy
36. Developed the assembly line. Anti Union. Model T.
University of PA
Henry Ford
Keynes Economic Theory
Marshall Plan
37. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Military Industrial Complex
University of PA
Post-Industrial Economy
Consumer Durables
38. Burden of proof to raise rates was now the responsibility of the railroads.
Decentralized Management
New Individualism
Mann-Elkins Act
Oligopoly
39. Most women were stalled at middle management levels.
U.S Chamber of Commerce
Civil War
Glass Ceiling
Leveraged Buyout
40. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Andrew Carnegie
Keynes Economic Theory
Union Shop
The Great Depression
41. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Associative State
Marshall Plan
Mann-Elkins Act
Conglomerates
42. Creators of Microsoft
Sears
John D. Rockafeller
Bill Gates - Paul Allen
Managerial Revolution
43. Control all aspects of an industry from raw materials to retail.
Vertical Integration
NAFTA
New Individualism
Gilded Age
44. Inflation continued in the absence of robust economic growth.
Hostile Takeover
Franchisor
Stagflation
Monetarism
45. Committed her life to social reform - immigrant committee
Francis Kellor
1913 Federal Reserve Board
Military Industrial Complex 2
Progressivism
46. Oil refining business. He was the first billionaire.
Mann-Elkins Act
Administrative pricing
John D. Rockafeller
Marketing
47. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Herbert Hoover
Corporatism
Deregulation
48. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Business Bureaucracies
Managerial Revolution
Taft Hartley Act
49. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Franchisee
Social Responsibility
Du Pont
William Taft
50. Worked divided by specific tasks. i.e. accounting - production - ect.
Open Shop
Functional Departmentalization
Economic Prosperity
Gilded Age