USHC - Unit 4 Test Review - Wilson HS

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

• Oligopoly

• Monopoly

• Socialism

• Cartel

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

• Vertical Integration

• Horizontal Integration

• Conglomeration

• Consolidation

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

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

• Horizontal Integration

• Vertical Integration

• Consolidation

• Interlocking Directories

What 19th century businessman is being criticized in the following political cartoon?

• John D. Rockefeller

• Andrew Carnegie

• J.P. Morgan

• Cornelius Vanderbilt

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

• Horizontal Integration

• Vertical Integration

• Consolidation

• Interlocking Directories

In what business did J.P. Morgan make his fortune?

• Oil

• Steel

• Finance

• Railroad

What is a group of separate companies that are placed under the control of a single managing board in order to form a monopoly?

• Cartel

• Guild

• Trust

• Interlocking Directory

What is the term used to identify those leaders in business who served the nation in a positive way, like increasing productivity and philanthropy?

• Captain of Industry

• Robber Baron

• Yankee Doodle Dandy

• Muckraker

What is the term used to identify those leaders in business who established their fortune through exploitation?

• Captain of Industry

• Robber Baron

• Yankee Doodle Dandy

• Muckraker