Rise of “Big Business” Quiz

Rise of “Big Business” Quiz

7th Grade

16 Qs

quiz-placeholder

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Rise of “Big Business” Quiz

Rise of “Big Business” Quiz

Assessment

Quiz

History

7th Grade

Easy

Created by

A Quiz Master

Used 4+ times

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are steel mills?

Goods manufactured using natural resources.

Manufacturing plants in which iron ore is turned into steel.

Fabric or cloth material.

Groups of businesses that focus on making or providing one particular good or service.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of natural resources?

Materials or substances that are created by humans.

Materials or substances that are found in nature and can be used for economic gain.

Goods and services produced by a country's economy.

Centers where products, goods, and services are sold.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a specialized industry?

Goods manufactured using natural resources.

Manufacturing plants in which iron ore is turned into steel.

Fabric or cloth material.

Groups of businesses that focus on making or providing one particular good or service.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a rural community?

Communities of low or sparse population.

Centers where products, goods, and services are sold.

An economy based in the growing and selling of cash crops for a profit.

The raw material needed in order to create steel.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who owned the oil refining monopoly called 'Standard Oil'?

John D. Rockefeller

Andrew Carnegie

Cornelius Vanderbilt

None of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is low-cost production?

Providing a product or service at the lowest cost to the producer possible.

Raw materials occurring naturally (not man-made).

The production of goods or services by hand or machine.

Goods manufactured using natural resources.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are financial resources?

Goods manufactured using natural resources.

People, goods, capital, and materials necessary to produce products or provide a service.

Capital or money needed to provide a product or service.

Centers where products, goods, and services are sold.

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