APWH 5.7 Reading Quiz

1. Which of the following best describes a corporation?

• A. A business that is controlled by stockholders
• B. A business that is owned and controlled by one person
• C. A business that has no stockholders
• D. A business that only has one location

2. TRUE or FALSE: Stockholder can only lose the amount of money they invested in a business.

• A. TRUE
• B. FALSE

3. What is a monopoly?

• A. When a business becomes so weak that the stockholders need to invest more money
• B. When a business becomes so weak that is has to shut down
• C. When a business becomes so powerful that it makes too much money in profits
• D. When a business becomes so powerful that it eliminates all other competition

4. DeBeers Diamonds was a transnational company that attempted to build a railroad from South Africa to Egypt. What is a transnational company?

• A. A company that creates transportation systems
• B. A company that operates in multiple countries
• C. A company that operates in only one country
• D. A company that operates in multiple continents

5. What is a sole proprietorship?

• A. A business that is owned by a single person
• B. A business that is owned by a small group of people
• C. A business that has had multiple owners
• D. A business that is owned by stockholders

6. Which business structure has a lower risk for investors?

• A. Corporation
• B. Partnership
• C. Sole Proprietorship

7. Which social class gained a disposable income (extra money to spend) for the first time as a result of the Industrial Revolution?

• A. Lower class
• B. Middle class
• C. Upper class

8. Why did access to leisure entertainment and material goods gain value in the 19th century?

• A. Because workers’ managers forced their employees to spend their money a certain way
• B. Because workers needed to add challenging components to their easy lives
• C. Because workers were in dreary industrial work environments for most of the hours of the day
• D. Because workers wanted to show their families how much money they had

9. Which of the following were NOT common in the factory work setting in the 19th century?

• A. Low wages
• B. Long hours
• C. Unsanitary working conditions
• D. Equality between men and women

10. TRUE or FALSE: A union was an organization of workers that advocated for the right to bargain with employers for agreements in contracts

• A. TRUE
• B. FALSE