Industrial Age Unit Quiz

What is the practice of combining different companies into one called?

• Consolidation

• Rebate

• Pool

• Standard Gauge

What is a discounted or return of part of a payment called?

• Consolidation

• Rebate

• Pool

• Standard Gauge

What is a group sharing in some activity, for example, among railroad barons who made secret agreements and set rates among themselves called?

• Consolidation

• Rebate

• Pool

• Standard Gauge

What is a powerful business leader who controlled a major railroad called?

• Consolidation

• Rebate

• Pool

• Railroad baron

What is the distance between rails agreed upon by all railroad companies called?

• Consolidation

• Rebate

• Pool

• Standard Gauge

What was the early Ford car called?

• Model T

• Assembly Line

• Mass Production

• Factors of Production

What is a factory method in which work moves past stationary workers who perform a single task again and again called?

• Model T

• Assembly Line

• Mass Production

• Factors of Production

What is factory production of goods in large quantities called?

• Model T

• Assembly Line

• Mass Production

• Factors of Production

What are the resources used in the production process, including natural resources, labor, and capital called?

• Model T

• Assembly Line

• Mass Production

• Factors of Production

What is a person who starts a new business, introduces a new product, or improves a management technique called?

• Entrepreneur

• Corporation

• Stock

• Dividend