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






2. Gold drain; exchange rates; free floating






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






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






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






6. Sec. of Treasury under lincoln. Father of national Banking system.






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






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






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






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






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






12. Business - not independent trade unions should look after the best interest of the workers.






13. Sears.






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






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






16. 1929 stock market crashed






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






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






19. Creators of Microsoft






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






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






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






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






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






25. First college of business.






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






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






28. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






29. Most favored nation. Trade barriers raised.






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






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






32. Corporate offices






33. Congress established a national banking system.






34. Committed her life to social reform - immigrant committee






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






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






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






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






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






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






41. Most women were stalled at middle management levels.






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






43. Income people could do with as the pleased.






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






45. Interstate Commerce Commission was strengthened. Regulated rates.






46. Provided national advertising and mass production






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






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






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






50. Reduction in diversification. Reduction in layers of management.







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