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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. Sec. of Treasury under lincoln. Father of national Banking system.
Salmon Chase
Most Favorited Nation
Post-Industrial Economy
Industrial Democracy
2. Use of stock tender to offer to buy a company that did not want to sell.
Organization of Petroleum Exporting Countries
Deregulation
Populism
Hostile Takeover
3. Free trade between US - Canada - Mexico
Most Favorited Nation
1913 Federal Reserve Board
Vertical Integration
NAFTA
4. Corporate offices
Franchisee
Decentralized Management
Richard T. Ely
Consumer Durables
5. Transportation. Airline Act. Rail Act. Motor Carrier Act.
John D. Rockafeller
Deregulation
Industrial Policy
Corporation
6. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.
Military Industrial Complex 2
Employment & Production Act
Military Industrial Complex
Du Pont
7. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.
Most Favorited Nation
Mass Industry
Taft Hartley Act
U.S Chamber of Commerce
8. First college of business.
Welfare Capitalism
Military Industrial Complex 2
Richard T. Ely
University of PA
9. Worlds largest provider of computer software for desktops.
Decentralized Management
Sears
Laissez Faire
Mircosoft
10. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.
Mircosoft
Ralph Nader
1913 Federal Reserve Board
Military Industrial Complex
11. Income people could do with as the pleased.
Civil Rights Act
Richard T. Ely
Corporatism
Disposable Income
12. Companies had the right to manage. Union leaders.
Organization of Petroleum Exporting Countries
Business Bureaucracies
Taft Hartley Act
Marketing
13. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.
New Individualism
Closed Shop
Mann-Elkins Act
Sherman Anti-Trust Act
14. American firms were poised to dominate economic activity in a system of free trade.
Corporatism
Du Pont
Economic Prosperity
Managerial Revolution
15. Most favored nation. Trade barriers raised.
Employment & Production Act
Trade
Keynes Economic Theory
New Individualism
16. Programs intended to stabilize the economy while maintaining individual autonomy.
Associative State
Economic Prosperity
Vertical Integration
New Individualism
17. Developed the assembly line. Anti Union. Model T.
Corporatism
Business Bureaucracies
Richard T. Ely
Henry Ford
18. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.
Welfare Capitalism
Keynes Economic Theory
Associative State
Franchisee
19. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.
Employment & Production Act
Laissez Faire
Anti-trust Policy
Sears
20. Set of values that placed a higher priority on the use of good than on their production.
Marshall Plan
Henry Ford
Marketing
Consumerism
21. Burden of proof to raise rates was now the responsibility of the railroads.
Mann-Elkins Act
Sherman Anti-Trust Act
John D. Rockafeller
Monetarism
22. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.
Most Favorited Nation
New Individualism
Open Shop
Open Prices
23. Workers would enjoy the rights of association and the ability to influence wage levels.
NAFTA
Glass Ceiling
Industrial Democracy
Open Shop
24. Let the people do as they please
University of PA
Richard T. Ely
Laissez Faire
Consumer Durables
25. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class
Salmon Chase
Gilded Age
Mann-Elkins Act
Most Favorited Nation
26. Creators of Microsoft
Francis Kellor
Closed Shop
Vertical Integration
Bill Gates - Paul Allen
27. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.
Welfare Capitalism
Corporate Management
Industrial Policy
Frederick Taylor
28. Goal was to represent the interests of American business in general.
U.S Chamber of Commerce
Bank Holidays
John D. Rockafeller
Consumer Durables
29. Retailer - mail-order companies. Name brand products - advertising - catalogs.
Mass Industry
Vertical Integration
Montgomery Ward
Populism
30. Items purchased by consumers for use over more than a year or two.
Conglomerates
Consumer Durables
Marshall Plan
Booming American Automobile Industry
31. Formalized business practices by standardized management practices.
John D. Rockafeller
Managerial Revolution
Functional Departmentalization
Anti-trust Policy
32. Most women were stalled at middle management levels.
Mircosoft
Closed Shop
Bill Gates - Paul Allen
Glass Ceiling
33. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.
Consumerism
Open Prices
Currency
Civil Rights Act
34. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony
Corporation
Horizontal Integration
Post-Industrial Economy
Functional Departmentalization
35. Employers can hire whoever they want. Both union and non union.
Open Shop
Franklin Roosevelt
NAFTA
Deregulation
36. Oil refining business. He was the first billionaire.
William Taft
Anti-trust Policy
John D. Rockafeller
Mircosoft
37. Panic of 1907 - 5 members - foreign transactions went through NY.
Marketing
Corporation
Francis Kellor
1913 Federal Reserve Board
38. Could only hire union workers. Illegal
Military Industrial Complex 2
Leveraged Buyout
Closed Shop
Welfare Capitalism
39. Urged the gov't to control the money supply in order to control inflation.
Monetarism
Trade
Corporate Management
Francis Kellor
40. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.
Hostile Takeover
Frederick Taylor
Franchisor
Progressivism
41. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.
Horizontal Integration
Vertical Integration
Franchisee
Civil War
42. Use borrowed money to buy company. Sometimes used to take 'stock private'
Leveraged Buyout
Booming American Automobile Industry
Functional Departmentalization
Currency
43. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays
The Great Depression
Civil Rights Act
Herbert Hoover
John D. Rockafeller
44. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't
Herbert Hoover
Salmon Chase
William Taft
Post-Industrial Economy
45. Paper currency issued by the government to finance to civil war.
Consumer Durables
Employment & Production Act
Green Backs
Economic Prosperity
46. 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.
Hepburn Act
Marketing
Corporatism
Civil War
47. Setting of prices by mangers of large firms.
Richard T. Ely
Administrative pricing
Glass Ceiling
Progressivism
48. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.
Managerial Revolution
University of PA
Conglomerates
Corporation
49. President. Standard oil - american tobacco - us steel.
Ralph Nader
Progressivism
William Taft
Administrative pricing
50. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.
Business Bureaucracies
Andrew Carnegie
Consequences of Mergers
Taft Hartley Act