USHC Unit 4 Section 1 - Wilson HS

USHC Unit 4 Section 1 - Wilson HS

11th Grade

10 Qs

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USHC Unit 4 Section 1 - Wilson HS

USHC Unit 4 Section 1 - Wilson HS

Assessment

Quiz

History

11th Grade

Medium

Created by

Timothy Fitzwater

Used 27+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

What is the complete control of a product or service by one company?

Oligopoly

Monopoly

Socialism

Cartel

2.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

What is the bringing together of many firms in the same business to form one large company?

Vertical Integration

Horizontal Integration

Conglomeration

Consolidation

3.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

What is the process of consolidating many different businesses that make up all steps of a product's development?

Vertical Integration

Horizontal Integration

Trust

Conglomeration

4.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

John D. Rockefeller made his fortune in the oil industry. What business practice did he utilize?

Horizontal Integration

Vertical Integration

Consolidation

Interlocking Directories

5.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

Andrew Carnegie made his fortune in the steel industry. What business practice did he utilize?

Horizontal Integration

Vertical Integration

Consolidation

Interlocking Directories

6.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

What government legislation was passed, yet failed, to prevent the creation of monopolies and trusts?

Interstate Commerce Act

Federal reserve Act

Pendleton Act

Sherman Antitrust Act

7.

MULTIPLE CHOICE QUESTION

2 mins • 10 pts

What 19th century business leader advocated that the wealthy should be able to make as much money as they want as long as they give back, which was explain in his "Gospel of Wealth"?

John D. Rockefeller

J.P. Morgan

Cornelius Vanderbilt

Andrew Carnegie

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