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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. First college of business.
Francis Kellor
University of PA
Mircosoft
U.S Chamber of Commerce
2. Use of stock tender to offer to buy a company that did not want to sell.
Managerial Revolution
Hostile Takeover
Oligopoly
Marketing
3. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Ralph Nader
Sherman Anti-Trust Act
Conglomerates
Economic Prosperity
4. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Civil War
Bank Holidays
Social Responsibility
5. Developed the assembly line. Anti Union. Model T.
Henry Ford
Monetarism
Sherman Anti-Trust Act
Franchisee
6. Use borrowed money to buy company. Sometimes used to take 'stock private'
Andrew Carnegie
Closed Shop
Leveraged Buyout
New Individualism
7. Worked divided by specific tasks. i.e. accounting - production - ect.
Open Prices
Mass Industry
Glass Ceiling
Functional Departmentalization
8. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Mann-Elkins Act
Post-Industrial Economy
Oligopoly
Most Favorited Nation
9. Set of values that placed a higher priority on the use of good than on their production.
Leveraged Buyout
Ralph Nader
Consumer Durables
Consumerism
10. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
U.S Chamber of Commerce
Military Industrial Complex
Open Shop
Gilded Age
11. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Franklin Roosevelt
Leveraged Buyout
Military Industrial Complex 2
Conglomerates
12. Reduction in diversification. Reduction in layers of management.
Mass Industry
Leveraged Buyout
Mircosoft
Consequences of Mergers
13. Creators of Microsoft
Bank Holidays
Associative State
Bill Gates - Paul Allen
Open Shop
14. Corporate offices
Disposable Income
Closed Shop
Decentralized Management
Andrew Carnegie
15. Workers would enjoy the rights of association and the ability to influence wage levels.
Anti-trust Policy
Industrial Democracy
Green Backs
Closed Shop
16. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Leveraged Buyout
Progressivism
Oligopoly
17. Could only hire union workers. Illegal
Open Prices
Stagflation
Civil War
Closed Shop
18. Provided national advertising and mass production
Welfare Capitalism
Franchisor
Progressivism
Hostile Takeover
19. Worlds largest provider of computer software for desktops.
Administrative pricing
Herbert Hoover
Mircosoft
Horizontal Integration
20. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Franklin Roosevelt
The Great Depression
Mann-Elkins Act
Functional Departmentalization
21. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Business Bureaucracies
Industrial Democracy
Sherman Anti-Trust Act
Open Prices
22. Business leaders sought to achieve cooperation among business - labor and government.
Industrial Democracy
Corporatism
University of PA
Booming American Automobile Industry
23. 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.
Currency
Most Favorited Nation
Civil War
Marketing
24. Most women were stalled at middle management levels.
Glass Ceiling
Industrial Democracy
Sears
Organization of Petroleum Exporting Countries
25. Inflation continued in the absence of robust economic growth.
University of PA
Stagflation
Mann-Elkins Act
Marshall Plan
26. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Anti-trust Policy
Salmon Chase
New Individualism
Trade
27. Interstate Commerce Commission was strengthened. Regulated rates.
Associative State
NAFTA
Union Shop
Hepburn Act
28. A few firms dominate an industry. Price competition decreased.
Oligopoly
Booming American Automobile Industry
Industrial Policy
Decentralized Management
29. Burden of proof to raise rates was now the responsibility of the railroads.
Booming American Automobile Industry
Consumer Durables
Corporate Management
Mann-Elkins Act
30. Formalized business practices by standardized management practices.
Closed Shop
Managerial Revolution
Consequences of Mergers
Civil Rights Act
31. Promote economic recovery in Europe.
Oligopoly
Keynes Economic Theory
Military Industrial Complex 2
Marshall Plan
32. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Corporate Management
Mircosoft
Oligopoly
Military Industrial Complex 2
33. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Currency
NAFTA
Civil Rights Act
Civil War
34. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Andrew Carnegie
John D. Rockafeller
Keynes Economic Theory
Francis Kellor
35. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
Francis Kellor
Industrial Policy
Managerial Revolution
New Individualism
36. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Du Pont
Bank Holidays
Post-Industrial Economy
Laissez Faire
37. Sought to break up the control of big business to create more opportunities.
Keynes Economic Theory
Stagflation
Populism
Hostile Takeover
38. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Hepburn Act
Associative State
Franchisee
Oligopoly
39. Setting of prices by mangers of large firms.
Glass Ceiling
Administrative pricing
Corporation
Frederick Taylor
40. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Deregulation
The Great Depression
Francis Kellor
Ralph Nader
41. Oil refining business. He was the first billionaire.
John D. Rockafeller
Civil War
Corporate Management
Corporatism
42. Sears.
Marketing
University of PA
Montgomery Ward
Union Shop
43. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Union Shop
Anti-trust Policy
Frederick Taylor
Social Responsibility
44. GM - Ford - and Chrysler dominated the market. GM=50% share
Sherman Anti-Trust Act
Military Industrial Complex 2
Booming American Automobile Industry
Glass Ceiling
45. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Open Prices
Francis Kellor
Post-Industrial Economy
Military Industrial Complex
46. Companies had the right to manage. Union leaders.
Stagflation
Associative State
Taft Hartley Act
Oligopoly
47. Let the people do as they please
Anti-trust Policy
Laissez Faire
Marketing
Populism
48. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Francis Kellor
Military Industrial Complex 2
Corporation
Sherman Anti-Trust Act
49. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Franklin Roosevelt
Associative State
Industrial Democracy
Corporate Management
50. Few companies combines forces to control production of sale of a product.
Civil Rights Act
Horizontal Integration
Franchisee
Conglomerates