Rise of Big Business

Rise of Big Business

11th Grade

18 Qs

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Rise of Big Business

Rise of Big Business

Assessment

Quiz

History

11th Grade

Practice Problem

Hard

Created by

Corey Stratton

Used 23+ times

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18 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a corporation?

A government agency that regulates businesses

A type of business that operates in multiple countries

A small business owned by a single individual

A form of group ownership where a number of people share ownership of a business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a monopoly?

A business that operates in multiple industries

Complete control of a product or service

A giant company with lower production costs

A group of businesses that agree to limit production

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is a cartel?

An arrangement where businesses making the same product agree to limit production

A government agency that regulates corporations

A type of business that operates internationally

A group of businesses that merge to form a giant company

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is horizontal integration?

Gaining control of different businesses that make up all phases of a product's development

Consolidating many firms in the same business to create a giant company

Working to eliminate competition by forming cartels

Forming a group ownership known as a corporation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is vertical integration?

Gaining control of different businesses that make up all phases of a product's development

Consolidating many firms in the same business to create a giant company

Forming a group ownership known as a corporation

Working to eliminate competition by forming cartels

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What does the theory of Social Darwinism justify?

Government regulation of trusts

Discrimination based on race or ethnicity

Charitable acts towards the less fortunate

The survival of the most economically fit in the American capitalist society

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What did the Sherman Antitrust Act do?

Promoted the formation of cartels

Outlawed any trust that operated in restraint of trade or commerce among several states

Encouraged vertical integration

Supported the development of efficient business practices

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