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






2. Free trade between US - Canada - Mexico






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






4. 1929 stock market crashed






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






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






7. Most women were stalled at middle management levels.






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






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






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






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






12. Sears.






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






14. Transportation. Airline Act. Rail Act. Motor Carrier Act.






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






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






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






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






19. First college of business.






20. Setting of prices by mangers of large firms.






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






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






23. Formalized business practices by standardized management practices.






24. Committed her life to social reform - immigrant committee






25. Reduction in diversification. Reduction in layers of management.






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






27. Most favored nation. Trade barriers raised.






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






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






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






31. Provided national advertising and mass production






32. Let the people do as they please






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






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






35. Interstate Commerce Commission was strengthened. Regulated rates.






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






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






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






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






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






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






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






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






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






45. Congress established a national banking system.






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






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






48. Could only hire union workers. Illegal






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






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







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