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Management 101: Business History

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. Promote economic recovery in Europe.






2. Developed the assembly line. Anti Union. Model T.






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






4. Worlds largest provider of computer software for desktops.






5. Gold drain; exchange rates; free floating






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






7. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






11. Companies organized their activities around a strategy that integrated careful observation of changing consumer tastes with design production and distribution.






12. 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.






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






14. Management could hire whomever they wanted but after a period of time. All workers had to join the union.






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






16. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






19. Panic of 1907 - 5 members - foreign transactions went through NY.






20. Committed her life to social reform - immigrant committee






21. Companies with many different divisions - usually 8 or more that make up and sell unrelated products.






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






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






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






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






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






27. Purchases right to do business and usually pays a franchise fee plus royalty fee based on sales.






28. Let the people do as they please






29. Use borrowed money to buy company. Sometimes used to take 'stock private'






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






31. Reduction in diversification. Reduction in layers of management.






32. Interstate Commerce Commission was strengthened. Regulated rates.






33. Worked divided by specific tasks. i.e. accounting - production - ect.






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






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






36. Control all aspects of an industry from raw materials to retail.






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






38. Free trade between US - Canada - Mexico






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






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






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






42. Increase consumer durables; increase service industries; trade - finance - transportation - and gov't






43. Use of stock tender to offer to buy a company that did not want to sell.






44. Creators of Microsoft






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






46. Goal was to represent the interests of American business in general.






47. Sears.






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






49. President;FDIC;Closed all banks on first day in office;only president to serve four terms.






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







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