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Management 101: Business History
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Avg score: 23% • Most missed: “Oil refining business. He was the first billionaire.”
Management 101: Business History
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25 Questions

1. Committed her life to social reform - immigrant committee

2. Promote economic recovery in Europe.

3. 1929 stock market crashed

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

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

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

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

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

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

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

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

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

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

14. Provided national advertising and mass production

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

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

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

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

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

20. Worlds largest provider of computer software for desktops.

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

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

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

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

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

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