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Test your basic knowledge |
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.
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. Income people could do with as the pleased.
Disposable Income
Marketing
Leveraged Buyout
Post-Industrial Economy
2. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Franchisee
Populism
Henry Ford
Administrative pricing
3. Sears.
Mircosoft
Corporation
Economic Prosperity
Montgomery Ward
4. Business leaders sought to achieve cooperation among business - labor and government.
Deregulation
Corporatism
Organization of Petroleum Exporting Countries
Consumerism
5. Defense department became a significant source for scientific and engineering. Led by private firms and university.
NAFTA
Military Industrial Complex
Conglomerates
Keynes Economic Theory
6. Worlds largest provider of computer software for desktops.
Welfare Capitalism
Military Industrial Complex
Mircosoft
Managerial Revolution
7. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Organization of Petroleum Exporting Countries
Consumerism
Leveraged Buyout
8. Alliance among public agencies - private firms and trade associations to handle international competitions.
Leveraged Buyout
Employment & Production Act
Industrial Policy
Du Pont
9. Control all aspects of an industry from raw materials to retail.
Civil War
Military Industrial Complex 2
Vertical Integration
Anti-trust Policy
10. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
John D. Rockafeller
Vertical Integration
Hepburn Act
Ralph Nader
11. Creators of Microsoft
Sears
Social Responsibility
Bill Gates - Paul Allen
Taft Hartley Act
12. Gold drain; exchange rates; free floating
Currency
Closed Shop
Decentralized Management
Corporation
13. 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
Industrial Policy
Marketing
NAFTA
14. President;FDIC;Closed all banks on first day in office;only president to serve four terms.
Gilded Age
Industrial Democracy
Franklin Roosevelt
Managerial Revolution
15. American firms were poised to dominate economic activity in a system of free trade.
Economic Prosperity
Corporate Management
Mircosoft
Glass Ceiling
16. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Consequences of Mergers
Mass Industry
U.S Chamber of Commerce
Business Bureaucracies
17. Interstate Commerce Commission was strengthened. Regulated rates.
Currency
Franchisee
Francis Kellor
Hepburn Act
18. Companies had the right to manage. Union leaders.
Oligopoly
Taft Hartley Act
Trade
Consumerism
19. Programs intended to stabilize the economy while maintaining individual autonomy.
Military Industrial Complex
Andrew Carnegie
U.S Chamber of Commerce
Associative State
20. Employers can hire whoever they want. Both union and non union.
Monetarism
Mircosoft
Post-Industrial Economy
Open Shop
21. Close banks to keep people from withdrawing all of their money and collapsing the banks.
Bank Holidays
Oligopoly
Sears
Business Bureaucracies
22. A few firms dominate an industry. Price competition decreased.
Glass Ceiling
Civil Rights Act
Oligopoly
Mann-Elkins Act
23. Congress established a national banking system.
Managerial Revolution
Military Industrial Complex 2
Industrial Policy
Civil War
24. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.
Mann-Elkins Act
Andrew Carnegie
Booming American Automobile Industry
U.S Chamber of Commerce
25. Most favored nation. Trade barriers raised.
Managerial Revolution
Trade
Glass Ceiling
Henry Ford
26. Setting of prices by mangers of large firms.
Administrative pricing
Franchisee
John D. Rockafeller
Military Industrial Complex 2
27. Oil refining business. He was the first billionaire.
Trade
Horizontal Integration
John D. Rockafeller
Hostile Takeover
28. Management could hire whomever they wanted but after a period of time. All workers had to join the union.
John D. Rockafeller
Gilded Age
Trade
Union Shop
29. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Taft Hartley Act
Decentralized Management
Keynes Economic Theory
Green Backs
30. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Horizontal Integration
Sherman Anti-Trust Act
Du Pont
31. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler
Organization of Petroleum Exporting Countries
Hepburn Act
Marshall Plan
Monetarism
32. Could only hire union workers. Illegal
Union Shop
Closed Shop
Monetarism
Corporation
33. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
Managerial Revolution
Andrew Carnegie
Progressivism
The Great Depression
34. Set of values that placed a higher priority on the use of good than on their production.
Welfare Capitalism
Consumerism
Associative State
Leveraged Buyout
35. Free trade between US - Canada - Mexico
Military Industrial Complex
NAFTA
Anti-trust Policy
Business Bureaucracies
36. Reduction in diversification. Reduction in layers of management.
Consequences of Mergers
Salmon Chase
Frederick Taylor
Marshall Plan
37. Paper currency issued by the government to finance to civil war.
Gilded Age
Oligopoly
Green Backs
Mircosoft
38. Formalized business practices by standardized management practices.
Marketing
Oligopoly
Richard T. Ely
Managerial Revolution
39. Use of stock tender to offer to buy a company that did not want to sell.
New Individualism
Administrative pricing
Hostile Takeover
Francis Kellor
40. Corporate offices
Franchisor
Decentralized Management
Consumerism
Open Shop
41. Promote economic recovery in Europe.
Closed Shop
Marshall Plan
Bank Holidays
Herbert Hoover
42. President. Standard oil - american tobacco - us steel.
Military Industrial Complex
Welfare Capitalism
William Taft
Organization of Petroleum Exporting Countries
43. Use borrowed money to buy company. Sometimes used to take 'stock private'
John D. Rockafeller
Herbert Hoover
Booming American Automobile Industry
Leveraged Buyout
44. Few companies combines forces to control production of sale of a product.
Francis Kellor
Horizontal Integration
The Great Depression
Andrew Carnegie
45. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Mircosoft
Military Industrial Complex 2
Laissez Faire
Civil Rights Act
46. 1929 stock market crashed
Herbert Hoover
Franchisor
Consequences of Mergers
Trade
47. GM - Ford - and Chrysler dominated the market. GM=50% share
Booming American Automobile Industry
Corporation
Open Shop
1913 Federal Reserve Board
48. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Conglomerates
Civil Rights Act
Taft Hartley Act
49. Ultimate authority of nations economic well being shifted from private arena - to public arena.
Franklin Roosevelt
Deregulation
Corporatism
Employment & Production Act
50. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.
Open Shop
Civil War
NAFTA
Richard T. Ely
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