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Management 101: Business History
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Management 101: Business History
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25 Questions

1. Formalized business practices by standardized management practices.

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

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

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

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

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

7. Reduction in diversification. Reduction in layers of management.

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

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

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

11. Interstate Commerce Commission was strengthened. Regulated rates.

12. 1901 Mark Twain - referes to substantial growth in population in the united states and extravagant displays of wealth and excess of Americas upper class

13. Worlds largest provider of computer software for desktops.

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

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

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

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

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

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

20. Could only hire union workers. Illegal

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

22. Corporate offices

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

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

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

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