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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. Interstate Commerce Commission was strengthened. Regulated rates.
University of PA
Hostile Takeover
Sherman Anti-Trust Act
Hepburn Act
2. Set of values that placed a higher priority on the use of good than on their production.
Consumerism
Deregulation
New Individualism
Richard T. Ely
3. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Du Pont
Welfare Capitalism
Hostile Takeover
4. Most favored nation. Trade barriers raised.
Bank Holidays
Franchisee
Trade
Most Favorited Nation
5. Paper currency issued by the government to finance to civil war.
Green Backs
Du Pont
Populism
Military Industrial Complex
6. Sears.
Military Industrial Complex 2
Montgomery Ward
Civil War
Currency
7. Business leaders sought to achieve cooperation among business - labor and government.
Corporatism
Hepburn Act
Marketing
Economic Prosperity
8. Congress established a national banking system.
Salmon Chase
Civil War
Populism
Keynes Economic Theory
9. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Progressivism
Functional Departmentalization
Keynes Economic Theory
Corporation
10. Promote economic recovery in Europe.
Marketing
Civil War
Military Industrial Complex
Marshall Plan
11. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Most Favorited Nation
Vertical Integration
Keynes Economic Theory
U.S Chamber of Commerce
12. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Andrew Carnegie
Corporatism
Mass Industry
Open Prices
13. Sec. of Treasury under lincoln. Father of national Banking system.
Post-Industrial Economy
Closed Shop
Conglomerates
Salmon Chase
14. 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
Bank Holidays
Salmon Chase
Organization of Petroleum Exporting Countries
15. Let the people do as they please
1913 Federal Reserve Board
Laissez Faire
Consumer Durables
Post-Industrial Economy
16. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
Franchisee
Sears
Union Shop
Francis Kellor
17. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Associative State
1913 Federal Reserve Board
Henry Ford
18. Transportation. Airline Act. Rail Act. Motor Carrier Act.
Organization of Petroleum Exporting Countries
Open Prices
Montgomery Ward
Deregulation
19. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Most Favorited Nation
Populism
Salmon Chase
20. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Open Prices
Social Responsibility
Booming American Automobile Industry
21. Started as a gun powder company - Rate of return.
Laissez Faire
Administrative pricing
Decentralized Management
Du Pont
22. GM - Ford - and Chrysler dominated the market. GM=50% share
Taft Hartley Act
Booming American Automobile Industry
Franchisee
Du Pont
23. Inflation continued in the absence of robust economic growth.
The Great Depression
University of PA
Stagflation
Corporation
24. American firms were poised to dominate economic activity in a system of free trade.
Progressivism
Economic Prosperity
Hostile Takeover
Franklin Roosevelt
25. Income people could do with as the pleased.
Gilded Age
Glass Ceiling
Disposable Income
New Individualism
26. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.
Horizontal Integration
Social Responsibility
Consequences of Mergers
Franklin Roosevelt
27. 1929 stock market crashed
Consumer Durables
Marshall Plan
Herbert Hoover
Ralph Nader
28. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Laissez Faire
Industrial Policy
Booming American Automobile Industry
29. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Civil Rights Act
Corporatism
Bill Gates - Paul Allen
Corporate Management
30. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Most Favorited Nation
Marshall Plan
Gilded Age
Consumerism
31. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Functional Departmentalization
Economic Prosperity
Military Industrial Complex
Post-Industrial Economy
32. Defense department became a significant source for scientific and engineering. Led by private firms and university.
Andrew Carnegie
U.S Chamber of Commerce
Booming American Automobile Industry
Military Industrial Complex
33. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Anti-trust Policy
Franchisee
Most Favorited Nation
Glass Ceiling
34. Oil refining business. He was the first billionaire.
Administrative pricing
John D. Rockafeller
Richard T. Ely
Marketing
35. First college of business.
Marshall Plan
Oligopoly
Associative State
University of PA
36. Companies had the right to manage. Union leaders.
Bank Holidays
Consumerism
Open Shop
Taft Hartley Act
37. Panic of 1907 - 5 members - foreign transactions went through NY.
Stagflation
Leveraged Buyout
1913 Federal Reserve Board
Booming American Automobile Industry
38. Burden of proof to raise rates was now the responsibility of the railroads.
Closed Shop
Functional Departmentalization
Franchisee
Mann-Elkins Act
39. Employers can hire whoever they want. Both union and non union.
Open Shop
William Taft
Taft Hartley Act
Sherman Anti-Trust Act
40. Most women were stalled at middle management levels.
Franchisee
Ralph Nader
Glass Ceiling
Organization of Petroleum Exporting Countries
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.
Industrial Democracy
Montgomery Ward
Marketing
Andrew Carnegie
42. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Bank Holidays
Anti-trust Policy
Welfare Capitalism
Andrew Carnegie
43. Urged the gov't to control the money supply in order to control inflation.
Union Shop
Monetarism
Gilded Age
Post-Industrial Economy
44. Worked divided by specific tasks. i.e. accounting - production - ect.
Green Backs
William Taft
Functional Departmentalization
Organization of Petroleum Exporting Countries
45. Workers would enjoy the rights of association and the ability to influence wage levels.
Mircosoft
Industrial Democracy
Francis Kellor
Post-Industrial Economy
46. Programs intended to stabilize the economy while maintaining individual autonomy.
Hostile Takeover
Marketing
Military Industrial Complex 2
Associative State
47. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Henry Ford
Business Bureaucracies
Laissez Faire
48. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Conglomerates
Frederick Taylor
Stagflation
49. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Military Industrial Complex 2
William Taft
Conglomerates
Open Prices
50. Worlds largest provider of computer software for desktops.
Vertical Integration
Social Responsibility
Mircosoft
Henry Ford