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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. Let the people do as they please






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






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






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






5. Most women were stalled at middle management levels.






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






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






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






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






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






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






12. Congress established a national banking system.






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






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






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






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






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






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






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






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






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






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






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






24. Worlds largest provider of computer software for desktops.






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






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






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






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






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






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






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






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






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






35. Reduction in diversification. Reduction in layers of management.






36. Corporate offices






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






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






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






40. Committed her life to social reform - immigrant committee






41. Creators of Microsoft






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






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






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






45. Free trade between US - Canada - Mexico






46. Gold drain; exchange rates; free floating






47. Promote economic recovery in Europe.






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






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






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







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