This Quiz Will Make You Doubt Your Knowledge On Industrial Growth
Industrialization is the process in which groups move from an agrarian society to an industrial society. People use to be agriculturists in the past, but some changes led them to accept industries and not frown upon working in factories. Take this quiz that will make you doubt your knowledge on industrialization. All the best!
- 1.
To consolidate means to:
- A.
Merge together reducing competition.
- B.
Allow for higher prices.
- C.
One business controlling all businesses.
Correct Answer
A. Merge together reducing competition. -
- 2.
What is a corporation?
- A.
Business owned by the mayor.
- B.
Business owned by investors.
- C.
To offer discounts to large customers.
Correct Answer
B. Business owned by investors. -
- 3.
Which is the gospel of wealth?
- A.
Carnige's businessplan
- B.
A license
- C.
Idea that business owners have a duty to help the poor
Correct Answer
C. Idea that business owners have a duty to help the poor -
- 4.
What is a monopoly?
- A.
One business controls all businesses in an industry.
- B.
Making possiable the movement of trains
- C.
To merge together
Correct Answer
A. One business controls all businesses in an industry. -
- 5.
What is a network?
- A.
Making the movement of trains possible.
- B.
Opening of banks
- C.
A high production of steel
Correct Answer
A. Making the movement of trains possible. -
- 6.
What is transcontinental?
- A.
Over water
- B.
From state to state
- C.
From cost to cost
Correct Answer
C. From cost to cost -
- 7.
What is a patent?
- A.
A license
- B.
A test given to 12th graders
- C.
Ganing control of all rescources
Correct Answer
A. A license -
- 8.
What is a rebate?
- A.
A discount offered to large customers to make more business
- B.
A discount
- C.
Made trusts and monopolies legal in the 1890's
Correct Answer
A. A discount offered to large customers to make more business -
- 9.
What is the sherman anti trust act?
- A.
Trusts made and monopolies illegal in 1890's but there is now way to inforce it.
- B.
A law
- C.
A tax
Correct Answer
A. Trusts made and monopolies illegal in 1890's but there is now way to inforce it. -
- 10.
What is vertical integretion?
- A.
Gaining control of all necessary resources to create a final product
- B.
A test
- C.
Going on a trip from coast to coast.
Correct Answer
A. Gaining control of all necessary resources to create a final product -
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Current Version
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Mar 22, 2022Quiz Edited by
ProProfs Editorial Team -
Mar 18, 2011Quiz Created by
Adeck730
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