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






3. Free trade between US - Canada - Mexico






4. Congress established a national banking system.






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






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






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






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






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






10. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






16. Committed her life to social reform - immigrant committee






17. Could only hire union workers. Illegal






18. Income people could do with as the pleased.






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






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






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






22. Most women were stalled at middle management levels.






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






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






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






26. Promote economic recovery in Europe.






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






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






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






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






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






32. Let the people do as they please






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






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






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






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






37. Corporate offices






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






39. Setting of prices by mangers of large firms.






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






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






42. Trade associations fixed prices and thwarted competition in the interest of maximum efficiency.






43. Cooperative activity in the service of the public - exchanging information - eliminating waste - fostering labor management to improve the business system.






44. Interstate Commerce Commission was strengthened. Regulated rates.






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






46. Worlds largest provider of computer software for desktops.






47. Creators of Microsoft






48. Most favored nation. Trade barriers raised.






49. Sears.






50. Set of attitudes and values that optimistically looked toward the erection of new institutions through which Americans would realize the good society.






Can you answer 50 questions in 15 minutes?



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