Can You Answer These Business MCQs? Part- II

25 Questions | Total Attempts: 106

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Can You Answer These Business MCQs? Part- II - Quiz

This test will cover topics and key terms discussed in Chapter 8.


Questions and Answers
  • 1. 
    Person who organizes and assumes risk of business:
    • A. 

      Horizontal Integration

    • B. 

      Vertical Integration

    • C. 

      Entrepreneur

    • D. 

      Trust

  • 2. 
    Inventor of the typewriter:
    • A. 

      Edison

    • B. 

      Bell

    • C. 

      Sholes

    • D. 

      Vanderbuilt

  • 3. 
    Inventor of the Telephone:
    • A. 

      Bell

    • B. 

      Sholes

    • C. 

      Edison

    • D. 

      Carnegie

  • 4. 
    Combining of companies of similar business:
    • A. 

      Horizontal Integration

    • B. 

      Vertical Integration

    • C. 

      Selling out

    • D. 

      Trust

  • 5. 
    Combining of companies that are different but related:
    • A. 

      Horizontal integration

    • B. 

      Vertical integration

    • C. 

      Selling out

    • D. 

      Trust

  • 6. 
    Exposed Rockefeller for his big business tactics:
    • A. 

      Carnegie

    • B. 

      Tarbell

    • C. 

      Edison

    • D. 

      Sholes

  • 7. 
    Successful railroad tycoon:
    • A. 

      Melon

    • B. 

      Rockefeller

    • C. 

      Tarbell

    • D. 

      Vanderbilt

  • 8. 
    A company that doesn't make any products:
    • A. 

      Holding Company

    • B. 

      Rebate

    • C. 

      Trust

    • D. 

      Vertical Integration

  • 9. 
    Author of Rags to Riches novels:
    • A. 

      Melon

    • B. 

      Tarbell

    • C. 

      Alger

    • D. 

      Edison

  • 10. 
    A discount:
    • A. 

      Trust

    • B. 

      Corporation

    • C. 

      Integration

    • D. 

      Rebate

  • 11. 
    Did not invent a lot of things, but made them better:
    • A. 

      Tarbell

    • B. 

      Carnegie

    • C. 

      Sholes

    • D. 

      Edison

  • 12. 
    Andrew Carnegie was involved in:
    • A. 

      Steel

    • B. 

      Oil

    • C. 

      Coal

    • D. 

      Railroad

  • 13. 
    A group of investors:
    • A. 

      Trust

    • B. 

      Horizontal Integration

    • C. 

      Vertical Integration

    • D. 

      Corportation

  • 14. 
    Philosophy that provided justification for the business practices of many industrialist:
    • A. 

      Social Darwinism

    • B. 

      Trust

    • C. 

      Social Gospel

    • D. 

      Vertical Integration

  • 15. 
    Giving control of a company to a board of directors:
    • A. 

      Corporation

    • B. 

      Trust

    • C. 

      Rebate

    • D. 

      None of these chocies

  • 16. 
    Giving to Society:
    • A. 

      Philanthropy

    • B. 

      Rags to riches

    • C. 

      Laissez-faire

    • D. 

      Anti trust act

  • 17. 
    Allowing large companies to operate more cheaply:
    • A. 

      Entrepreneur

    • B. 

      Trust

    • C. 

      Vertical Integration

    • D. 

      Economies of Scale

  • 18. 
    To "let Alone":
    • A. 

      Trust

    • B. 

      Philanthropy

    • C. 

      Social Darwinism

    • D. 

      Laissez-faire

  • 19. 
    Meat Packer:
    • A. 

      Swift

    • B. 

      Rockefeller

    • C. 

      Alger

    • D. 

      Frick

  • 20. 
    What are the two most important factors in creating an industrial nation:
    • A. 

      Abundant resources and Railroads

    • B. 

      Railroads and Workers

    • C. 

      Abundant resources and Workers

    • D. 

      Inventions and Workers

  • 21. 
    What allowed business to work around the clock?
    • A. 

      The printing press

    • B. 

      Holding companies

    • C. 

      Trusts

    • D. 

      The light bulb

  • 22. 
    Favorable immigration laws in the late 1800s resulted in:
    • A. 

      Development of entrpreneurs

    • B. 

      A steady source of workers

    • C. 

      An increase in industrial wages

    • D. 

      An increased rural population

  • 23. 
    The Sherman Anti-Trust Act had little effect on preventing business consolidation partly because:
    • A. 

      It was strictly constructed

    • B. 

      Federal courts in the 1890s were not favorable to big business

    • C. 

      It was to strictly enforced

    • D. 

      It was not strictly enforced

  • 24. 
    John D. Rockefeller created a nation-wide oil refining monopoly by:
    • A. 

      Using mass production

    • B. 

      Cheating his workers

    • C. 

      Creating holding companies

    • D. 

      Consolidation and vertical integration

  • 25. 
    The development of telephone companies led to:
    • A. 

      An increase in jobs for women

    • B. 

      An increase in jobs for men

    • C. 

      An increase in telephone rates

    • D. 

      A decrease in jobs for women.

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