Homework Check 3.3

Match the following

• John D. Rockefeller

• operated Standard Oil

• Andrew Carnegie

• owns stock in companies that produces goods

• J.P. Morgan

• founder of a steel company in Pittsburgh

• Trust

• specialized in helping sell large blocks of stock to investment bankers

• holding company

• manages property for others

When a single company achieves control of an entire market, it is known as

• a monopoly.

• an integration.

• a corporation.

• an oligarchy.

Department stores changed the idea of shopping by

• offering low prices instead of elaborate service.

• bringing together a huge array of different products.

• coming together to form shopping malls.

• locating in rural areas.

In contrast to department stores, which offered many services, chain stores focused on offering

• low prices.

• an elegant atmosphere.

• mail-order catalogs.

• more fashionable goods.

How did N.W. Ayer and Son, the first advertising company, try to attract customers?

• by using large illustrated ads.

• by placing ads only in newspapers.

• by putting up billboards.

• by printing a catalog.

What is an organization owned by many people but treated by law as though it were a single person?

• a holding company

• an organized pool

• a corporation

• a trust