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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. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
William Taft
Business Bureaucracies
1913 Federal Reserve Board
Administrative pricing
2. Business - not independent trade unions should look after the best interest of the workers.
Mircosoft
Welfare Capitalism
University of PA
Ralph Nader
3. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
NAFTA
Organization of Petroleum Exporting Countries
Managerial Revolution
Mann-Elkins Act
4. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
The Great Depression
Social Responsibility
Consumer Durables
Henry Ford
5. Worked divided by specific tasks. i.e. accounting - production - ect.
University of PA
Horizontal Integration
Functional Departmentalization
Economic Prosperity
6. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Employment & Production Act
Marketing
Disposable Income
Administrative pricing
7. Items purchased by consumers for use over more than a year or two.
Most Favorited Nation
Social Responsibility
Mass Industry
Consumer Durables
8. Congress established a national banking system.
Consequences of Mergers
Mann-Elkins Act
Administrative pricing
Civil War
9. Business leaders sought to achieve cooperation among business - labor and government.
Social Responsibility
Corporatism
Civil Rights Act
Industrial Policy
10. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Oligopoly
Deregulation
Du Pont
Military Industrial Complex
11. Started as a gun powder company - Rate of return.
Oligopoly
Hostile Takeover
Du Pont
Ralph Nader
12. Goal was to represent the interests of American business in general.
Anti-trust Policy
U.S Chamber of Commerce
Glass Ceiling
Associative State
13. Control all aspects of an industry from raw materials to retail.
1913 Federal Reserve Board
Corporate Management
Bank Holidays
Vertical Integration
14. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Union Shop
Glass Ceiling
Andrew Carnegie
Frederick Taylor
15. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Conglomerates
New Individualism
Leveraged Buyout
16. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Managerial Revolution
Union Shop
Civil War
Progressivism
17. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Disposable Income
Franklin Roosevelt
Franchisee
Industrial Policy
18. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Taft Hartley Act
Mircosoft
Marshall Plan
Richard T. Ely
19. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Closed Shop
Open Prices
The Great Depression
Bank Holidays
20. Developed the assembly line. Anti Union. Model T.
Mircosoft
Henry Ford
Industrial Democracy
Frederick Taylor
21. Sec. of Treasury under lincoln. Father of national Banking system.
Horizontal Integration
Bank Holidays
Salmon Chase
Gilded Age
22. Few companies combines forces to control production of sale of a product.
Ralph Nader
Anti-trust Policy
Horizontal Integration
Trade
23. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Consumer Durables
Horizontal Integration
Leveraged Buyout
Deregulation
24. Employers can hire whoever they want. Both union and non union.
Franklin Roosevelt
Open Shop
Henry Ford
Industrial Policy
25. 1929 stock market crashed
Herbert Hoover
Functional Departmentalization
Vertical Integration
Bank Holidays
26. Workers would enjoy the rights of association and the ability to influence wage levels.
Decentralized Management
Monetarism
Industrial Democracy
U.S Chamber of Commerce
27. A few firms dominate an industry. Price competition decreased.
Marketing
Laissez Faire
Oligopoly
Franklin Roosevelt
28. Creators of Microsoft
Mann-Elkins Act
Civil War
Post-Industrial Economy
Bill Gates - Paul Allen
29. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Organization of Petroleum Exporting Countries
Deregulation
Franchisor
30. Committed her life to social reform - immigrant committee
Leveraged Buyout
Most Favorited Nation
Francis Kellor
Oligopoly
31. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Social Responsibility
Francis Kellor
Green Backs
Anti-trust Policy
32. Gold drain; exchange rates; free floating
Corporate Management
Consumerism
Populism
Currency
33. Provided national advertising and mass production
Laissez Faire
Franchisor
Decentralized Management
Mann-Elkins Act
34. Setting of prices by mangers of large firms.
Post-Industrial Economy
Administrative pricing
Gilded Age
Mass Industry
35. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Trade
Post-Industrial Economy
Military Industrial Complex
Franchisee
36. GM - Ford - and Chrysler dominated the market. GM=50% share
Consequences of Mergers
Business Bureaucracies
Herbert Hoover
Booming American Automobile Industry
37. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
The Great Depression
Keynes Economic Theory
Social Responsibility
Corporate Management
38. Urged the gov't to control the money supply in order to control inflation.
Laissez Faire
Consumerism
Monetarism
Herbert Hoover
39. Programs intended to stabilize the economy while maintaining individual autonomy.
Montgomery Ward
Military Industrial Complex
Associative State
Keynes Economic Theory
40. Interstate Commerce Commission was strengthened. Regulated rates.
Corporate Management
Hepburn Act
Taft Hartley Act
Union Shop
41. Promote economic recovery in Europe.
Marshall Plan
Taft Hartley Act
Sears
Open Prices
42. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Welfare Capitalism
Mann-Elkins Act
Industrial Democracy
43. Sears.
Ralph Nader
Montgomery Ward
Post-Industrial Economy
Economic Prosperity
44. Panic of 1907 - 5 members - foreign transactions went through NY.
Booming American Automobile Industry
1913 Federal Reserve Board
Post-Industrial Economy
Andrew Carnegie
45. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Organization of Petroleum Exporting Countries
The Great Depression
Salmon Chase
Horizontal Integration
46. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Marshall Plan
Keynes Economic Theory
Civil War
Ralph Nader
47. Dominated the retail industry by mail order only selling.
Associative State
Sears
Consequences of Mergers
Disposable Income
48. President. Standard oil - american tobacco - us steel.
Franklin Roosevelt
William Taft
Business Bureaucracies
Leveraged Buyout
49. Free trade between US - Canada - Mexico
NAFTA
1913 Federal Reserve Board
Military Industrial Complex 2
Post-Industrial Economy
50. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.
Marketing
Military Industrial Complex
Military Industrial Complex 2
Glass Ceiling