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






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






3. Corporate offices






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






5. Let the people do as they please






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






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






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






9. Gold drain; exchange rates; free floating






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






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






12. Promote economic recovery in Europe.






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






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






15. 1929 stock market crashed






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






17. First college of business.






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






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






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






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






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






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






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






25. Most favored nation. Trade barriers raised.






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






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






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






29. Provided national advertising and mass production






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






31. Reduction in diversification. Reduction in layers of management.






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






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






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






35. Committed her life to social reform - immigrant committee






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






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






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






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






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






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






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






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






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






45. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






46. Congress established a national banking system.






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






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






49. Interstate Commerce Commission was strengthened. Regulated rates.






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







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