Week 21 Part 3 Business in America

Westward Expansion

Part 3 Business in America

Multiple Choice

The people available to work to create goods and services are called the __________.

• labor force

• moguls

• tycoons

Multiple Choice

Individuals who fund, create, and manage a business are called __________.

• entrepreneurs

• partners

• labor force

Multiple Choice

Business magnates, barons, tycoons, moguls, or captains of industry are all names for:

• individuals that dominate a business sector

• the division of labor and industry

• a group of stockholders

Multiple Choice

This term means having full control over so many of the resources that no other business can enter the market.

• dictatorship

• monopoly

• metropolis

Multiple Choice

Fully controlling the access to resources means that __________.

• there is no competition to improve products

• workers become wealthy

• there is one price for all products

Multiple Choice

What tycoon and his industry was used as an example?

• Pullman and railroads

• Rockefeller and oil drilling

• Carnegie and steel

Multiple Choice

Workers uniting as a group to demand better wages and working conditions created

• a club

• a union

• a focus group

Multiple Choice

A protest line during a labor strike is called __________.

• a picket line

• a party line

• a tow line

Multiple Choice

During a labor strike, the workers __________.

• continue to work

• keep getting paid wages

• stop getting paid wages