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Test your basic knowledge |
Management 101: Business History
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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 position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Progressivism
Civil War
Corporation
Corporate Management
2. Items purchased by consumers for use over more than a year or two.
John D. Rockafeller
Conglomerates
Consumerism
Consumer Durables
3. Worked divided by specific tasks. i.e. accounting - production - ect.
Functional Departmentalization
Marketing
Post-Industrial Economy
Taft Hartley Act
4. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
The Great Depression
Richard T. Ely
Populism
Stagflation
5. Burden of proof to raise rates was now the responsibility of the railroads.
Corporate Management
Mann-Elkins Act
Herbert Hoover
Bill Gates - Paul Allen
6. Inflation continued in the absence of robust economic growth.
Stagflation
Marshall Plan
Leveraged Buyout
Military Industrial Complex
7. Committed her life to social reform - immigrant committee
Francis Kellor
Marshall Plan
Richard T. Ely
Laissez Faire
8. Most women were stalled at middle management levels.
Glass Ceiling
Welfare Capitalism
Hepburn Act
Franklin Roosevelt
9. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Henry Ford
Trade
Franklin Roosevelt
Consumer Durables
10. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Monetarism
Ralph Nader
Currency
Civil Rights Act
11. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Mass Industry
Mircosoft
Bank Holidays
12. Few companies combines forces to control production of sale of a product.
Horizontal Integration
Associative State
Herbert Hoover
Open Prices
13. Could only hire union workers. Illegal
Henry Ford
Business Bureaucracies
U.S Chamber of Commerce
Closed Shop
14. Oil refining business. He was the first billionaire.
Bill Gates - Paul Allen
John D. Rockafeller
Sherman Anti-Trust Act
Union Shop
15. Dominated the retail industry by mail order only selling.
Sears
Mass Industry
Managerial Revolution
University of PA
16. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Administrative pricing
Andrew Carnegie
The Great Depression
Business Bureaucracies
17. Started as a gun powder company - Rate of return.
Du Pont
Union Shop
Decentralized Management
1913 Federal Reserve Board
18. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
U.S Chamber of Commerce
Francis Kellor
Oligopoly
Sherman Anti-Trust Act
19. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
1913 Federal Reserve Board
Progressivism
Andrew Carnegie
Economic Prosperity
20. Use borrowed money to buy company. Sometimes used to take 'stock private'
Managerial Revolution
Progressivism
Leveraged Buyout
Civil Rights Act
21. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Salmon Chase
Associative State
Herbert Hoover
22. Business - not independent trade unions should look after the best interest of the workers.
Civil War
Welfare Capitalism
Bill Gates - Paul Allen
Franchisee
23. Sears.
Laissez Faire
Montgomery Ward
Functional Departmentalization
Mass Industry
24. Creators of Microsoft
Open Prices
Consequences of Mergers
Bill Gates - Paul Allen
Glass Ceiling
25. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Sears
Open Shop
Corporation
26. Formalized business practices by standardized management practices.
Economic Prosperity
Monetarism
Managerial Revolution
Booming American Automobile Industry
27. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Civil Rights Act
John D. Rockafeller
1913 Federal Reserve Board
28. First college of business.
University of PA
Franchisor
Closed Shop
Mass Industry
29. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Marketing
Open Prices
Organization of Petroleum Exporting Countries
Corporate Management
30. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Taft Hartley Act
Business Bureaucracies
Deregulation
31. Panic of 1907 - 5 members - foreign transactions went through NY.
New Individualism
Ralph Nader
1913 Federal Reserve Board
Keynes Economic Theory
32. GM - Ford - and Chrysler dominated the market. GM=50% share
New Individualism
Consequences of Mergers
Decentralized Management
Booming American Automobile Industry
33. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Franchisee
William Taft
Anti-trust Policy
Mass Industry
34. Free trade between US - Canada - Mexico
Franchisee
NAFTA
Functional Departmentalization
Organization of Petroleum Exporting Countries
35. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Open Shop
Marketing
Post-Industrial Economy
University of PA
36. Income people could do with as the pleased.
Decentralized Management
Disposable Income
Consumerism
Functional Departmentalization
37. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Currency
Francis Kellor
Marketing
Deregulation
38. Worlds largest provider of computer software for desktops.
Mircosoft
1913 Federal Reserve Board
Glass Ceiling
Post-Industrial Economy
39. Most favored nation. Trade barriers raised.
Consequences of Mergers
John D. Rockafeller
Trade
Glass Ceiling
40. Setting of prices by mangers of large firms.
Sears
Booming American Automobile Industry
Social Responsibility
Administrative pricing
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.
Marketing
Taft Hartley Act
Stagflation
Bank Holidays
42. Reduction in diversification. Reduction in layers of management.
Hepburn Act
Consequences of Mergers
Mircosoft
Conglomerates
43. Goal was to represent the interests of American business in general.
Booming American Automobile Industry
U.S Chamber of Commerce
Consumerism
Bill Gates - Paul Allen
44. 1929 stock market crashed
Decentralized Management
Frederick Taylor
Herbert Hoover
Ralph Nader
45. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
William Taft
Laissez Faire
Montgomery Ward
46. Sec. of Treasury under lincoln. Father of national Banking system.
Franchisor
Salmon Chase
Open Prices
Civil Rights Act
47. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Corporatism
Employment & Production Act
Welfare Capitalism
Civil War
48. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Hostile Takeover
Union Shop
Franklin Roosevelt
Associative State
49. Gold drain; exchange rates; free floating
Franchisor
Currency
Salmon Chase
Bill Gates - Paul Allen
50. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
The Great Depression
Deregulation
Military Industrial Complex
Corporation