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






2. Creators of Microsoft






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






4. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






5. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






8. First college of business.






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






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






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






12. Sears.






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






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






15. Setting of prices by mangers of large firms.






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






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






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






19. 1929 stock market crashed






20. Provided national advertising and mass production






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






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






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






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






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






26. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






33. Committed her life to social reform - immigrant committee






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






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






36. Most favored nation. Trade barriers raised.






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






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






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






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






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






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






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






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






45. Promote economic recovery in Europe.






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






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






48. Congress established a national banking system.






49. Let the people do as they please






50. Gold drain; exchange rates; free floating







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