Question 1

How have late 20ᵗʰ and 21ˢᵗ century communications technologies directly created global markets from products and services?

Accepted Answer

A) Created paperless communications 
B) Created seamless and instantaneous communications 
C) Decreased coordination for interfirm alliances 
D) Increased worker productivity 
E) Unflattened the world 
A) Created paperless communications 
B) Created seamless and instantaneous communications 
C) Decreased coordination for interfirm alliances 
D) Increased worker productivity 
E) Unflattened the world B

Question 2

Which of the following government regulations on business conditions did not increase circa 1910?

Accepted Answer

A) Regulation on corporate governance 
B) Securities markets regulation 
C) Antitrust regulation 
D) Regulations on disability insurance provisions 
E) Regulations on insurance for widows and children 
A) Regulation on corporate governance 
B) Securities markets regulation 
C) Antitrust regulation 
D) Regulations on disability insurance provisions 
E) Regulations on insurance for widows and children B

Question 3

What form of communication was integral to the growth of multistory headquarter buildings?

Accepted Answer

A) Telegraph 
B) Mail 
C) Telephone 
D) Morse code 
E) Intercom 
A) Telegraph 
B) Mail 
C) Telephone 
D) Morse code 
E) Intercom C

Question 4

Which of the following led to overbuilding of railroads in the 1860's and 1870's?

Accepted Answer

A) Reduction of taxes on railroads by the federal government 
B) The success of railroads in Europe 
C) The availability of financing due to public optimism 
D) The low cost of labor to construct railroads 
E) Increases in regulated freight rates by the Interstate commerce Commission 
A) Reduction of taxes on railroads by the federal government 
B) The success of railroads in Europe 
C) The availability of financing due to public optimism 
D) The low cost of labor to construct railroads 
E) Increases in regulated freight rates by the Interstate commerce Commission

Question 5

What does it mean for a manufacturing firm to vertically integrate?

Accepted Answer

A) Expand using established product technologies to offer a wider variety of products 
B) Reorganize management into semi-autonomous divisions 
C) Produce raw materials and distribute finished goods on their own 
D) Geographic distance between buyers and sellers 
E) Use management consultants to optimize processes 
A) Expand using established product technologies to offer a wider variety of products 
B) Reorganize management into semi-autonomous divisions 
C) Produce raw materials and distribute finished goods on their own 
D) Geographic distance between buyers and sellers 
E) Use management consultants to optimize processes

Question 6

Which of the following did not contribute to the high transaction related risks for U.S.potato sales in 1840?

Accepted Answer

A) Infrequency of transactions 
B) Changing transaction partners 
C) Lack of availability of sales and prices for comparable goods 
D) Competition from European merchants 
E) Geographic distance between buyers and sellers 
A) Infrequency of transactions 
B) Changing transaction partners 
C) Lack of availability of sales and prices for comparable goods 
D) Competition from European merchants 
E) Geographic distance between buyers and sellers

Question 7

What is a key issue facing managers of the 2000s with respect to production technology?

Accepted Answer

A) Using the technology while maintaining an adequate level of complexity vs.simplicity 
B) Balancing price of the technology with the benefits of its use 
C) The choice between reformulating strategies and reorganizing or using the technologies for incremental improvements 
D) Integrating CAD/CAM into their factories 
E) Ensuring all parties understand the technology 
A) Using the technology while maintaining an adequate level of complexity vs.simplicity 
B) Balancing price of the technology with the benefits of its use 
C) The choice between reformulating strategies and reorganizing or using the technologies for incremental improvements 
D) Integrating CAD/CAM into their factories 
E) Ensuring all parties understand the technology

Question 8

Which of the following led to the development of the financial infrastructure pre- 1910?

Accepted Answer

A) The use of "Hollerith" or punched cards to storm information 
B) The systemization and circulation of credit information 
C) The telephone allowing consumers to easily apply for credit 
D) The passage of the Federal Fair Credit practices Act 
E) None of the above 
A) The use of "Hollerith" or punched cards to storm information 
B) The systemization and circulation of credit information 
C) The telephone allowing consumers to easily apply for credit 
D) The passage of the Federal Fair Credit practices Act 
E) None of the above

Question 9

What was one of the first plant/factory types to use the "American System" of manufacturing?

Accepted Answer

A) Firearms 
B) Steel 
C) Oil 
D) Automobiles 
E) Chemicals 
A) Firearms 
B) Steel 
C) Oil 
D) Automobiles 
E) Chemicals

Question 10

What economics game theory concept is demonstrated by the Erie Canal public works project?

Accepted Answer

A) Nash equilibrium 
B) Lock-in 
C) Backwards induction 
D) Fair division 
E) Prisoner's dilemma 
A) Nash equilibrium 
B) Lock-in 
C) Backwards induction 
D) Fair division 
E) Prisoner's dilemma

Question 11

Which of the following did not contribute to the dominance of the family-run small business in 1840?

Accepted Answer

A) Factories 
B) Laws 
C) Raw Materials 
D) Management 
E) All of the above 
A) Factories 
B) Laws 
C) Raw Materials 
D) Management 
E) All of the above

Question 12

What is throughput?

Accepted Answer

A) The movement of inputs and outputs through a production process 
B) Assets that assist in the production or distribution of goods and services 
C) A condition that determines the horizontal and vertical boundaries of business firms 
D) An investment in the acquisition of raw materials 
E) The amount of time for a good to travel between metropolitan areas 
A) The movement of inputs and outputs through a production process 
B) Assets that assist in the production or distribution of goods and services 
C) A condition that determines the horizontal and vertical boundaries of business firms 
D) An investment in the acquisition of raw materials 
E) The amount of time for a good to travel between metropolitan areas

Question 13

What is a benefit of alliances and joint ventures over mergers and acquisitions?

Accepted Answer

A) Better organizational structure 
B) Scale savings 
C) Less vertical integration 
D) Less horizontal integration 
E) Lower likelihood of antitrust scrutiny 
A) Better organizational structure 
B) Scale savings 
C) Less vertical integration 
D) Less horizontal integration 
E) Lower likelihood of antitrust scrutiny

Question 14

What significant government infrastructure project led to the development of national stock and commodity markets?

Accepted Answer

A) Transcontinental Railroad 
B) Erie Canal 
C) Union Pacific Railroad 
D) Prime Meridian Conference 
E) Central Pacific Railroad 
A) Transcontinental Railroad 
B) Erie Canal 
C) Union Pacific Railroad 
D) Prime Meridian Conference 
E) Central Pacific Railroad

Question 15

The movement of inputs and outputs through a production process is known as which of the following?

Accepted Answer

A) Coordination 
B) Input-output 
C) Integration 
D) Throughput 
E) Systemology 
A) Coordination 
B) Input-output 
C) Integration 
D) Throughput 
E) Systemology

Question 16

What mode of long-distance communication first laid the groundwork for today's modern communication forms?

Accepted Answer

A) U.S.Postal Service 
B) Private mail service 
C) Telegraph 
D) Telephone 
E) Railroad 
A) U.S.Postal Service 
B) Private mail service 
C) Telegraph 
D) Telephone 
E) Railroad

Question 17

Which of the following encouraged firms to develop through internal R&D rather than through M&A in the 20ᵗʰ century?

Accepted Answer

A) Lower wage costs for internal labor compared to merged or acquired labor 
B) Faster results obtained with R&D 
C) Federal antitrust policies 
D) Lack of financial capital to engage in M&A 
E) High transactions costs associated with M&A activity. 
A) Lower wage costs for internal labor compared to merged or acquired labor 
B) Faster results obtained with R&D 
C) Federal antitrust policies 
D) Lack of financial capital to engage in M&A 
E) High transactions costs associated with M&A activity.

Question 18

Relaxing of government regulation of economic activities occurred during the second half of the 20ᵗʰ century for all of the following except:

Accepted Answer

A) Airline industry 
B) Workplace safety 
C) Banking industry 
D) Trucking 
E) Healthcare industry 
A) Airline industry 
B) Workplace safety 
C) Banking industry 
D) Trucking 
E) Healthcare industry

Question 19

By simultaneously halting air traffic and financial markets,what recent historical event highlighted the interdependence company infrastructure?

Accepted Answer

A) 2000 Presidential Election 
B) 2004 Olympics 
C) Fall of Enron 
D) September 11,2001 
E) Hurricane Katrina 
A) 2000 Presidential Election 
B) 2004 Olympics 
C) Fall of Enron 
D) September 11,2001 
E) Hurricane Katrina

Question 20

What was a key contribution to the dominance of the family-run small business in 1840?

Accepted Answer

A) Factories 
B) Infrastructure 
C) Raw Materials 
D) Management 
E) Laws 
A) Factories 
B) Infrastructure 
C) Raw Materials 
D) Management 
E) Laws

How have late 20ᵗʰ and 21ˢᵗ century communications technologies directly created global markets from products and services?

Which of the following government regulations on business conditions did not increase circa 1910?

What form of communication was integral to the growth of multistory headquarter buildings?

Which of the following led to overbuilding of railroads in the 1860's and 1870's?

What does it mean for a manufacturing firm to vertically integrate?

Which of the following did not contribute to the high transaction related risks for U.S.potato sales in 1840?

What is a key issue facing managers of the 2000s with respect to production technology?

Which of the following led to the development of the financial infrastructure pre- 1910?

What was one of the first plant/factory types to use the "American System" of manufacturing?

What economics game theory concept is demonstrated by the Erie Canal public works project?

Which of the following did not contribute to the dominance of the family-run small business in 1840?

What is throughput?

What is a benefit of alliances and joint ventures over mergers and acquisitions?

What significant government infrastructure project led to the development of national stock and commodity markets?

The movement of inputs and outputs through a production process is known as which of the following?

What mode of long-distance communication first laid the groundwork for today's modern communication forms?

Which of the following encouraged firms to develop through internal R&D rather than through M&A in the 20ᵗʰ century?

Relaxing of government regulation of economic activities occurred during the second half of the 20ᵗʰ century for all of the following except:

By simultaneously halting air traffic and financial markets,what recent historical event highlighted the interdependence company infrastructure?

What was a key contribution to the dominance of the family-run small business in 1840?

The Horizontal Boundaries of the Firm

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Industry Analysis

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Environment, Power, and Culture

Economics Primer

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Exam 1: The Power of Principles: A Historical Perspective

How have late 20ᵗʰ and 21ˢᵗ century communications technologies directly created global markets from products and services?

Which of the following government regulations on business conditions did not increase circa 1910?

What form of communication was integral to the growth of multistory headquarter buildings?

Which of the following led to overbuilding of railroads in the 1860's and 1870's?

What does it mean for a manufacturing firm to vertically integrate?

Which of the following did not contribute to the high transaction related risks for U.S.potato sales in 1840?

What is a key issue facing managers of the 2000s with respect to production technology?

Which of the following led to the development of the financial infrastructure pre- 1910?

What was one of the first plant/factory types to use the "American System" of manufacturing?

What economics game theory concept is demonstrated by the Erie Canal public works project?

Which of the following did not contribute to the dominance of the family-run small business in 1840?

What is throughput?

What is a benefit of alliances and joint ventures over mergers and acquisitions?

What significant government infrastructure project led to the development of national stock and commodity markets?

The movement of inputs and outputs through a production process is known as which of the following?

What mode of long-distance communication first laid the groundwork for today's modern communication forms?

Which of the following encouraged firms to develop through internal R&D rather than through M&A in the 20ᵗʰ century?

Relaxing of government regulation of economic activities occurred during the second half of the 20ᵗʰ century for all of the following except:

By simultaneously halting air traffic and financial markets,what recent historical event highlighted the interdependence company infrastructure?

What was a key contribution to the dominance of the family-run small business in 1840?

The Horizontal Boundaries of the Firm

The Vertical Boundaries of the Firm

Integration and Its Alternatives

Competitors and Competition

Entry and Exit

The Dynamics Competing Across Time

Industry Analysis

Strategic Positioning for Competitive Advantage

Information and Value Creation

Sustaining Competitive Advantage

Performance Measurement and Incentives

Strategy and Structure

Environment, Power, and Culture

Economics Primer

Filters