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Management 101: Business History

Subject : 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. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






2. Burden of proof to raise rates was now the responsibility of the railroads.






3. Transportation. Airline Act. Rail Act. Motor Carrier Act.






4. Employers can hire whoever they want. Both union and non union.






5. Few companies combines forces to control production of sale of a product.






6. Partnership between business and government. Solve problems through scientific investigation. Society of Harmony






7. Gold drain; exchange rates; free floating






8. Eisenhower termed. Large companies received majority or military contracts. California boomed because of defense companies.






9. Setting of prices by mangers of large firms.






10. Committed her life to social reform - immigrant committee






11. Background in railroad business. 1872 entered steel business. Sold to JP Morgan for $480 million dollars.






12. Unsafe at any speed. Consumers should not automatically trust new products or the business that produced them.






13. First college of business.






14. Lowest tariffs - easiest access to markets - and fewest restrictions. Granted any nation - had to be all nations.






15. Companies had the right to manage. Union leaders.






16. Retailer - mail-order companies. Name brand products - advertising - catalogs.






17. Dept. of Justice and Federal Trade Commission. Companies could seek approval from federal gov't.






18. Reduction in diversification. Reduction in layers of management.






19. Defense department became a significant source for scientific and engineering. Led by private firms and university.






20. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.






21. Started as a gun powder company - Rate of return.






22. Sought to break up the control of big business to create more opportunities.






23. Let the people do as they please






24. Unemployment rose to 25%; 110 - 000 business failed; Bank Holidays






25. Gov't involved in economy. Employment - interest money. Interest rates. Deficit spending.






26. Creators of Microsoft






27. A position of balance between investors - employees - consumers - competitors - and all others who may be interested in attitudes of management.






28. Formalized business practices by standardized management practices.






29. Oil supplies withheld; large - non fuel efficient car; More japanese cars sold; Ford - Chevy - Chrysler






30. Most favored nation. Trade barriers raised.






31. Promote economic recovery in Europe.






32. Outlawed racial and gender discrimination; created equal employment opportunity; affected hiring; job security.






33. Dominated the retail industry by mail order only selling.






34. Workers would enjoy the rights of association and the ability to influence wage levels.






35. 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.






36. Programs intended to stabilize the economy while maintaining individual autonomy.






37. Inflation continued in the absence of robust economic growth.






38. Worlds largest provider of computer software for desktops.






39. Business leaders sought to achieve cooperation among business - labor and government.






40. GM - Ford - and Chrysler dominated the market. GM=50% share






41. Provided national advertising and mass production






42. A few firms dominate an industry. Price competition decreased.






43. Restraints of trade. Railroads could not collaborate to fix prices. Wasn't used until the 20th century.






44. Interstate Commerce Commission was strengthened. Regulated rates.






45. Could only hire union workers. Illegal






46. Corporate offices






47. Paper currency issued by the government to finance to civil war.






48. Companies would act responsibility toward the American public on matters as truth in advertising. Hiring of woman.






49. Ultimate authority of nations economic well being shifted from private arena - to public arena.






50. American firms were poised to dominate economic activity in a system of free trade.







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