AH 2 ch. 9

corporation

• a business that is owned by one person
• a business in which many people own shares, or parts, of the business
• a business that doesn't make a profit
• a business that is closed 2 days a week

competition

• a race in which the fastest runner wins
• occurs when a business is the only one to provide a service 
• occurs when more than one business sells the same goods or service to customers
• a business that has no competition

labor union

• an organization of workers that tries to improve pay and working conditions for its members.
• a group of people that work very hard
• an organization that tries to keep people from working in the job that they choose
• an organization that is united and encourages others to work for their families

strike

• when workers do not throw the ball over the plate
• when workers quit their jobs in order to be able to work from home
• when workers want to work together as a team to provide goods and services
• when workers refuse to work in order to force business owners to make changes

Who helped people in different places of the country be able to talk to each other by inventing the telephone?

• Alexander and the Terrible, Horrible, No Good Very Bad Day
• Alexander B. Gee
• Alexander G. Bell
• Alexander the Great

Who invented electric lights?

• Thomas Bell
• Thomas Edison
• Thomas Wright
• Thomas Elmers

Andrew Carnegie because incredibly wealthy because of his involvement in the...

• International Trade
• Oil Industry
• Railroad Industry
• Steel Industry

Horizontal Integration involves...

• Buying out suppliers
• Merging companies that produce similar products
• Working together with competitors to avoid monopolies
• None of these

John D. Rockefeller made his money in the...

• Steel Industry 
• Oil Industry
• Publishing Industry
• Railroad Industry

Social Darwinism argues that...

• People are poor because they are stupid or lazy
• People are rich because they are smart and hard working
• People are rich because of luck
• Both A and B