Lesson 25 Review/Practice

What does the term "Trust" refer to in a business context?

• the study of trees

• the study of guys named Phil

• giving lots of money to charity because you are filthy rich

• keeping all your money to yourself

• group of corporations run by a single board of directors

Free enterprise, the idea that there is competition for fair wages and prices, is threatened by what?

• Trusts

• Small business

• other car rental companies

• Unions

Farming

• Farming was basically non-existent during this time

• Farming grew into a big business because of new technology

• Farming is a good way to get Bitcoin

• I like to do it in Minecraft

Which statement is NOT true about factories?

• Lots and lots of people worked there

• They had poor working conditions

• The amount of them dropped because of farming

• They paid their employees poorly

Which was NOT an appalling (bad) condition of tenements?

• No sewers

• Diseases

• Lots of windows for fresh air

• Fire

Regarding electricity, choose all statements that are correct:

• It was not popular because people preferred oil which might start fires

• You could see at night much better with electricity

• Now factory owners could make their workers work longer hours for less pay

• It led to many new inventions like the washing machine and vacuum cleaner

What does mass production mean?

• make lots of goods over a long period of time

• make only a few goods over a long period of time

• make lots of goods in a short amount of time

• make only a few goods in a short time

What does monopoly mean?

• lots of businesses competing for your business (good)

• one business has all the goods to sell you (bad)

• board game I am not good at

• one celled organism

What does Laissez-Faire mean?

• hands-off approach to business by the government

• lots of rules made by government to keep businesses in line

• a medieval fair with lots of knights

• a not so well known band from the Gilded Age

What did steel allow in terms of building construction?

• allowed building to be built to incredible heights

• don't do it you will get punished

• a pitcher for the Cubs

• did not really become popular for constructing new buildings