Can You Answer These Business MCQs? Part- II

25 Questions | By Cabbott | Updated: Mar 19, 2022 | Attempts: 125

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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.