John D. Rockefeller Trivia

10 Questions

Settings
Please wait...
John D Rockefeller Quizzes & Trivia

In this activity, you will play Rockefeller Trivia to see how much you remember from today. Remember, this is not for a grade. Be honest. It will help me to determine if we need to spend more time on this topic. Click the icon at the bottom of the page to play Rockefeller Trivia.


Related Topics
Questions and Answers
  • 1. 
    Who struck oil in Pennsylvania and started the Pennsylvania Oil Rush?
    • A. 

      Edwin Drake

    • B. 

      John D. Rockefeller

    • C. 

      Hernando De Soto

    • D. 

      Patillo Higgins and Anthony F. Lucas

  • 2. 
    What is the difference between an oil prospector and an oil refiner?
    • A. 

      An oil prospector is a person who searches for oil by drilling and a refiner uses equipment to prepare oil for people to use.  

    • B. 

      An oil prospector is an oil owner who sells oil and a refiner is a person who buys oil for their business.

    • C. 

      An oil prospector is a person who searches for the best oil prices and an oil refiner is a person who pays oil prospectors to find the best oil prices.

    • D. 

      An oil prospector is a person who stores oil and a refiner is a person who distributes oil to businesses.

  • 3. 
    When you help fund a business or purchase shares in a business in return for some of the business's profits, you are __________________________.
    • A. 

      Investing

    • B. 

      Refining

    • C. 

      Kickbacking

    • D. 

      Prospecting

  • 4. 
    How did John D. Rockefeller get involved in the oil business?
    • A. 

      He was a bookkeeper that double crossed the businessmen that he worked for by reporting that the Pennsylvania Oil Rush was not worth investing in and then he invested in it himself.  

    • B. 

      His family owned oil derricks in Pennsylvania that he inherited after his father passed away

    • C. 

      His business partner came from an oil family and encouraged him to move from bookkeeping to the oil business.

    • D. 

      He was a bookkeeper that invested in the Texas Oil Rush and joined with other businessmen to form the Texas Oil Company.

  • 5. 
    What is interest?
    • A. 

      Money paid regularly at a certain rate for the use of money lent, or for delaying the repayment of a debt

    • B. 

      Giving money to help fund a business in return for shares in the business profits.

    • C. 

      A return of part of a payment because of secret agreement or bribe.

    • D. 

      When one business controls the production of all of a certain type of product

  • 6. 
    What is a monopoly?
    • A. 

      A profitable business - one that makes a lot of money after all expenses are paid

    • B. 

      When one person or business owns all of how one product is made and sold

    • C. 

      Person who searches for mineral deposits in a place by mining and drilling

    • D. 

      A very wealthy and powerful business person

  • 7. 
    What is profit?
    • A. 

      The amount of money made by a business after subtracting the costs

    • B. 

      The costs involved in starting a business

    • C. 

      The money made by a company at the end of the year

    • D. 

      The amount of money a company gives to charity

  • 8. 
    What term describes when a country's trade and industry are controlled by private businesses rather than the government?  
    • A. 

      Capitalism

    • B. 

      Socialism

    • C. 

      Communism

    • D. 

      Traditionalism

  • 9. 
    What is a tycoon?
    • A. 

      A very wealthy and powerful business person

    • B. 

      A person who protects the rights and interests of his workers

    • C. 

      Person who searches for mineral deposits in a place by mining and drilling

    • D. 

      A person who builds the framework over an oil well that holds the drilling machinery

  • 10. 
    True or false?  John D. Rockefeller was a philanthropist.
    • A. 

      True

    • B. 

      False