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






2. Committed her life to social reform - immigrant committee






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






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






5. Worlds largest provider of computer software for desktops.






6. Transportation. Airline Act. Rail Act. Motor Carrier Act.






7. Income people could do with as the pleased.






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






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






10. 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.






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






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






13. Interstate Commerce Commission was strengthened. Regulated rates.






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






15. Congress established a national banking system.






16. Could only hire union workers. Illegal






17. Reduction in diversification. Reduction in layers of management.






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






19. Promote economic recovery in Europe.






20. Urged the gov't to control the money supply in order to control inflation.






21. Oil refining business. He was the first billionaire.






22. Let the people do as they please






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






24. Creators of Microsoft






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






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






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






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






29. Gold drain; exchange rates; free floating






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






31. Provided national advertising and mass production






32. Corporate offices






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






34. 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.






35. Items purchased by consumers for use over more than a year or two.






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






37. First college of business.






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






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






40. Alliance among public agencies - private firms and trade associations to handle international competitions.






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






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






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






44. Close banks to keep people from withdrawing all of their money and collapsing the banks.






45. Influenced by Army. Staff officers-strategic decisions - Line officers-carried out orders in field.






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






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






48. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






49. President. Standard oil - american tobacco - us steel.






50. Set of values that placed a higher priority on the use of good than on their production.







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