Lesson 2 Big Business Prove IT Quiz

10 Questions

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Lesson 2 Big Business Prove IT Quiz

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Questions and Answers
  • 1. 
    ____________________ is the term used to describe how companies grew into large corporations and industries expanded all over the nation during the Gilded Age. 
    • A. 

      Capitalism

    • B. 

      Market

    • C. 

      Big business

    • D. 

      Graft

  • 2. 
    _______________ is a type of economy where a nation's trade and industry are controlled by private businessmen for profit, rather than by the government of the nation.
    • A. 

      Capitalism

    • B. 

      Horizontal integration

    • C. 

      Monopoly

    • D. 

      Trust

  • 3. 
    The money that is left after all of the bills and expenses of making and selling something are paid is called _______________.
    • A. 

      Wealth distribution

    • B. 

      Economy

    • C. 

      Market

    • D. 

      Profit

  • 4. 
    The way that the money in a nation is divided among groups of people is called _____________________________.
    • A. 

      Population

    • B. 

      Wealth distribution

    • C. 

      Vertical integration

    • D. 

      Market

  • 5. 
    A way of organizing a business where a business is divided into shares and sold to stockholders who share all the profits and losses is called a/an _______________________.
    • A. 

      Infrastructure

    • B. 

      Capitalism

    • C. 

      Corporation

    • D. 

      Product

  • 6. 
    When a company or corporation controls all of the production and sales of a product giving them the ability to control the price, the company has a/an ________________.
    • A. 

      Industry

    • B. 

      Merger

    • C. 

      Monopoly

    • D. 

      Profit

  • 7. 
    All the companies that produce one product or all the companies that produce the materials in making a product are called a/an _______________.
    • A. 

      Industry

    • B. 

      Infrastructure

    • C. 

      Economy

    • D. 

      Acquisition

  • 8. 
    ______________________ is when one company in an industry buys all the other companies in the industry until all the competition is gone.
    • A. 

      Merger

    • B. 

      Bankruptcy

    • C. 

      Horizontal integration

    • D. 

      Vertical integration

  • 9. 
    ___________________  is when a company buys other companies needed to produce and transport the product that they are making in order to reduce the cost of making the product.
    • A. 

      Vertical integration

    • B. 

      Horizontal integration

    • C. 

      Industrialization

    • D. 

      Profit

  • 10. 
    Partnerships between big corporations in an industry where the stocks of all the companies involved are combined and a group of people are selected to manage and control the combined stocks are called _________________.
    • A. 

      Mergers

    • B. 

      Hostile takeovers

    • C. 

      Markets

    • D. 

      Trusts