Industrialization Lesson 3 Big Business

How were corporations different from a sole proprietorship and partnerships?

• Corporations rarely produced goods

• Corporations used stock to limit financial risk

• Corporations closed during off season productions

• Corporations normally sold goods at a higher price

The quick mass production of goods caused retail prices to

• Remain the same

• Increase

• Decrease

• None of the answers are correct

Mortgage and Taxes were examples of

• Operating Costs

• Horizontal Integration

• Vertical Integrations

• Fixed Costs

Wages and shipping costs were examples of

• Operating Costs

• Horizontal Integration

• Vertical Integration

• Fixed Costs

Corporations agreeing to keep the price of a good at a specific price is an example of

• Fixed Costs

• Operating Costs

• Pools

• One-Time Price

Ownership of Cinnamon Toast Crunch, Reese's Puffs, and Honey Nut Cheerios is General Mills' example of

• Fixed Costs

• Operating Costs

• Horizontal Integration

• Vertical Integration

The purchasing of coal mines, limestone quarries, and iron ore fields, for the production of steel is an example of

• Fixed Costs

• Operating Costs

• Vertical Integration

• Horizontal Integration

If Apple controlled the entire cell phone industry, this would be known as a

• Oligopoly

• Perfect Competition

• Monopoly

• Economies of Scale

How does a Holding Company differ from a Corporation?

• A holding company produces no goods

• A holding company holds outstanding stock of other corporations

• A Holding Company normally has ownership in one business

• A Holding Company can hold stock of corporations in different industries

Which of the following would be an example of the Department Stores that began to emerge?

• Target

• Wal-Mart

• Woolworth

• Bloomingdales