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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. A few firms dominate an industry. Price competition decreased.
Organization of Petroleum Exporting Countries
Laissez Faire
Oligopoly
Glass Ceiling
2. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Sherman Anti-Trust Act
Organization of Petroleum Exporting Countries
Richard T. Ely
University of PA
3. GM - Ford - and Chrysler dominated the market. GM=50% share
Salmon Chase
Industrial Policy
Booming American Automobile Industry
The Great Depression
4. Burden of proof to raise rates was now the responsibility of the railroads.
Post-Industrial Economy
Vertical Integration
Functional Departmentalization
Mann-Elkins Act
5. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
New Individualism
Salmon Chase
Du Pont
Open Prices
6. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Business Bureaucracies
Mann-Elkins Act
Salmon Chase
7. Provided national advertising and mass production
Franchisor
Consumer Durables
Administrative pricing
Corporatism
8. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Booming American Automobile Industry
Corporate Management
Richard T. Ely
9. Companies had the right to manage. Union leaders.
Consumer Durables
Taft Hartley Act
Functional Departmentalization
Managerial Revolution
10. 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
Green Backs
NAFTA
Salmon Chase
11. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Conglomerates
Mircosoft
Business Bureaucracies
12. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Progressivism
Herbert Hoover
William Taft
Administrative pricing
13. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Anti-trust Policy
Keynes Economic Theory
Montgomery Ward
Marshall Plan
14. Formalized business practices by standardized management practices.
Closed Shop
Open Shop
Managerial Revolution
Union Shop
15. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Du Pont
Conglomerates
Bank Holidays
Industrial Policy
16. Programs intended to stabilize the economy while maintaining individual autonomy.
Green Backs
Consumerism
Marshall Plan
Associative State
17. Developed the assembly line. Anti Union. Model T.
Henry Ford
Functional Departmentalization
Military Industrial Complex 2
Deregulation
18. Setting of prices by mangers of large firms.
1913 Federal Reserve Board
Industrial Democracy
Administrative pricing
Employment & Production Act
19. Most women were stalled at middle management levels.
Keynes Economic Theory
Bill Gates - Paul Allen
Glass Ceiling
Du Pont
20. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Richard T. Ely
Corporatism
Functional Departmentalization
Francis Kellor
21. 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.
Frederick Taylor
Marshall Plan
Glass Ceiling
Decentralized Management
22. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Disposable Income
Franchisor
Herbert Hoover
Corporate Management
23. Most favored nation. Trade barriers raised.
Deregulation
Marketing
Trade
Marketing
24. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Bank Holidays
Industrial Policy
Industrial Democracy
25. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Employment & Production Act
Conglomerates
Corporatism
Herbert Hoover
26. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Associative State
Stagflation
Functional Departmentalization
Business Bureaucracies
27. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Du Pont
Glass Ceiling
Trade
Union Shop
28. Committed her life to social reform - immigrant committee
Laissez Faire
1913 Federal Reserve Board
Francis Kellor
Mircosoft
29. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Mass Industry
The Great Depression
Leveraged Buyout
30. Employers can hire whoever they want. Both union and non union.
Currency
Open Shop
Civil War
Corporate Management
31. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Welfare Capitalism
Henry Ford
Managerial Revolution
32. Urged the gov't to control the money supply in order to control inflation.
Sears
Monetarism
Horizontal Integration
Glass Ceiling
33. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Hepburn Act
Sears
Open Prices
34. Sought to break up the control of big business to create more opportunities.
Functional Departmentalization
Populism
Economic Prosperity
Franchisor
35. Sears.
Vertical Integration
Hostile Takeover
Montgomery Ward
Managerial Revolution
36. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Social Responsibility
Franchisor
Business Bureaucracies
37. Let the people do as they please
Keynes Economic Theory
Green Backs
Hepburn Act
Laissez Faire
38. Oil refining business. He was the first billionaire.
John D. Rockafeller
Hostile Takeover
Leveraged Buyout
Corporate Management
39. Dominated the retail industry by mail order only selling.
Sears
Andrew Carnegie
Herbert Hoover
Functional Departmentalization
40. Business leaders sought to achieve cooperation among business - labor and government.
Hostile Takeover
Corporatism
1913 Federal Reserve Board
Mass Industry
41. Panic of 1907 - 5 members - foreign transactions went through NY.
Du Pont
Administrative pricing
Civil Rights Act
1913 Federal Reserve Board
42. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Vertical Integration
Franchisor
Consumerism
43. Paper currency issued by the government to finance to civil war.
Green Backs
Franchisee
Corporatism
Most Favorited Nation
44. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Post-Industrial Economy
Social Responsibility
Bill Gates - Paul Allen
Franchisor
45. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Richard T. Ely
Corporation
Franklin Roosevelt
Associative State
46. President. Standard oil - american tobacco - us steel.
Consumer Durables
New Individualism
William Taft
Progressivism
47. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Mann-Elkins Act
Military Industrial Complex 2
Union Shop
Deregulation
48. First college of business.
Franklin Roosevelt
University of PA
Military Industrial Complex 2
Welfare Capitalism
49. Congress established a national banking system.
Civil War
Functional Departmentalization
Managerial Revolution
Monetarism
50. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Keynes Economic Theory
University of PA
Open Shop