9.2

The corporation was a new form of business ownership in which a number of people shared ownership.

• TRUE

• FALSE

Having a corporation is more financially risk than starting a business alone.

• TRUE

• FALSE

Corporations generally wanted to keep costs low (for example, the costs of supplies & natural resources) and profits high.

• TRUE

• FALSE

As corporations started growing, they stopped advertising their products.

• TRUE

• FALSE

Horizontal integration involves controlling most of the same kind of company/industry while vertical integration involves controlling the processes/steps of the industry.

• TRUE

• FALSE

Monopoly means that a corporation owned only a small portion of an industry.

• TRUE

• FALSE

Horizontal integration and trusts could both result in monopoly.

• TRUE

• FALSE

Rockefeller was in the steel industry and Carnegie was in the oil industry.

• TRUE

• FALSE

Monopolies ensured that the American economy provided fair competition, fair prices, and fair wages.

• TRUE

• FALSE

Big businesses provided jobs and new products, but also created problems such as pollution.

• TRUE

• FALSE