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






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






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






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






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






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






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






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






9. Committed her life to social reform - immigrant committee






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






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






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






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






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






15. Sears.






16. Promote economic recovery in Europe.






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






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






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






20. Creators of Microsoft






21. Let the people do as they please






22. Congress established a national banking system.






23. Could only hire union workers. Illegal






24. Provided national advertising and mass production






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






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






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






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






29. Worlds largest provider of computer software for desktops.






30. A few firms dominate an industry. Price competition decreased.






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






32. First college of business.






33. Most favored nation. Trade barriers raised.






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






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






36. Most women were stalled at middle management levels.






37. Gold drain; exchange rates; free floating






38. Father of Scientific Management. Studied individual tasks to make them more efficient. Used a stop watch to measure time it takes to complete a task.






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






40. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class






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






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






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






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






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






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






47. Formalized business practices by standardized management practices.






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






49. Corporate offices






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







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