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Management 101: Business History
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Subject
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business-skills
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
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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. Setting of prices by mangers of large firms.
Administrative pricing
Anti-trust Policy
New Individualism
Decentralized Management
2. President. Standard oil - american tobacco - us steel.
Corporate Management
William Taft
Most Favorited Nation
Du Pont
3. Congress established a national banking system.
Sears
Consumer Durables
Civil War
Marketing
4. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Consequences of Mergers
Corporate Management
Marketing
5. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Civil War
Business Bureaucracies
Union Shop
Economic Prosperity
6. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Associative State
Laissez Faire
Welfare Capitalism
Franchisee
7. Dominated the retail industry by mail order only selling.
Closed Shop
Sears
1913 Federal Reserve Board
Post-Industrial Economy
8. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Economic Prosperity
Marketing
Civil Rights Act
Corporate Management
9. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Corporation
Green Backs
Administrative pricing
Deregulation
10. Formalized business practices by standardized management practices.
Populism
Industrial Policy
Managerial Revolution
Laissez Faire
11. Items purchased by consumers for use over more than a year or two.
Union Shop
NAFTA
Consumer Durables
Marshall Plan
12. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.
Sherman Anti-Trust Act
Gilded Age
John D. Rockafeller
1913 Federal Reserve Board
13. Worlds largest provider of computer software for desktops.
Mircosoft
Horizontal Integration
Frederick Taylor
Henry Ford
14. Paper currency issued by the government to finance to civil war.
Taft Hartley Act
Corporate Management
Marketing
Green Backs
15. Inflation continued in the absence of robust economic growth.
Corporatism
Sears
Stagflation
Military Industrial Complex 2
16. Few companies combines forces to control production of sale of a product.
Oligopoly
Military Industrial Complex
Horizontal Integration
1913 Federal Reserve Board
17. Corporate offices
Decentralized Management
Richard T. Ely
Glass Ceiling
Associative State
18. Workers would enjoy the rights of association and the ability to influence wage levels.
Industrial Policy
Franchisor
Laissez Faire
Industrial Democracy
19. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Glass Ceiling
Sears
Vertical Integration
Post-Industrial Economy
20. Burden of proof to raise rates was now the responsibility of the railroads.
Mass Industry
Mann-Elkins Act
Marketing
Civil Rights Act
21. Could only hire union workers. Illegal
Closed Shop
Sears
Populism
Civil War
22. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Functional Departmentalization
Hostile Takeover
Bank Holidays
Anti-trust Policy
23. Sought to break up the control of big business to create more opportunities.
Bank Holidays
Deregulation
Populism
Mircosoft
24. 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.
Salmon Chase
Employment & Production Act
Corporation
Frederick Taylor
25. Goal was to represent the interests of American business in general.
Keynes Economic Theory
Economic Prosperity
U.S Chamber of Commerce
Andrew Carnegie
26. Most women were stalled at middle management levels.
Glass Ceiling
Bank Holidays
Henry Ford
Salmon Chase
27. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Horizontal Integration
Corporate Management
John D. Rockafeller
Civil Rights Act
28. Committed her life to social reform - immigrant committee
Francis Kellor
Closed Shop
U.S Chamber of Commerce
Decentralized Management
29. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Conglomerates
Ralph Nader
Marshall Plan
Economic Prosperity
30. Promote economic recovery in Europe.
Decentralized Management
Marshall Plan
Civil War
Conglomerates
31. Creators of Microsoft
Sherman Anti-Trust Act
Bill Gates - Paul Allen
NAFTA
Mann-Elkins Act
32. Sears.
Mass Industry
Progressivism
Montgomery Ward
Military Industrial Complex 2
33. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Du Pont
Glass Ceiling
Bank Holidays
Hepburn Act
34. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Monetarism
Functional Departmentalization
Military Industrial Complex
Closed Shop
35. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Horizontal Integration
Ralph Nader
Administrative pricing
36. Let the people do as they please
Disposable Income
Bill Gates - Paul Allen
Laissez Faire
Gilded Age
37. Interstate Commerce Commission was strengthened. Regulated rates.
Hepburn Act
Economic Prosperity
NAFTA
Marketing
38. Provided national advertising and mass production
Franklin Roosevelt
Franchisor
Disposable Income
Corporatism
39. Income people could do with as the pleased.
Closed Shop
Disposable Income
Franchisee
Hepburn Act
40. 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.
Civil Rights Act
Marketing
Herbert Hoover
Employment & Production Act
41. Most favored nation. Trade barriers raised.
The Great Depression
Mass Industry
Trade
Keynes Economic Theory
42. Worked divided by specific tasks. i.e. accounting - production - ect.
Corporatism
William Taft
Employment & Production Act
Functional Departmentalization
43. Alliance among public agencies - private firms and trade associations to handle international competitions.
Industrial Policy
Glass Ceiling
1913 Federal Reserve Board
Keynes Economic Theory
44. Use of stock tender to offer to buy a company that did not want to sell.
Hostile Takeover
Leveraged Buyout
Consumer Durables
Organization of Petroleum Exporting Countries
45. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Henry Ford
Sears
Organization of Petroleum Exporting Countries
New Individualism
46. Free trade between US - Canada - Mexico
Keynes Economic Theory
Corporation
Marketing
NAFTA
47. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Andrew Carnegie
Henry Ford
Richard T. Ely
Disposable Income
48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Gilded Age
Leveraged Buyout
Booming American Automobile Industry
Civil War
49. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Social Responsibility
Employment & Production Act
Corporatism
Stagflation
50. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Conglomerates
Most Favorited Nation
Ralph Nader
Laissez Faire
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