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






2. Congress established a national banking system.






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






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






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






6. Most favored nation. Trade barriers raised.






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






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






9. Committed her life to social reform - immigrant committee






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






11. Corporate offices






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






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






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






15. Worlds largest provider of computer software for desktops.






16. Free trade between US - Canada - Mexico






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






18. Promote economic recovery in Europe.






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






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






21. Sec. of Treasury under lincoln. Father of national Banking system.






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






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






24. Formalized business practices by standardized management practices.






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






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






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






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






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






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






31. Interstate Commerce Commission was strengthened. Regulated rates.






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






33. Creators of Microsoft






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






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






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






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






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






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






40. Income people could do with as the pleased.






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






42. Leader of the new school economists. Rejected Laissez faire. Did not believe in government run business.






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






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






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






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






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






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






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






50. Reduction in diversification. Reduction in layers of management.







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