11th Rise of Big Business 8/19

11th Rise of Big Business 8/19

11th Grade

15 Qs

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11th Rise of Big Business 8/19

11th Rise of Big Business 8/19

Assessment

Quiz

Social Studies

11th Grade

Practice Problem

Hard

DOK Level 2: Skill/Concept

Standards-aligned

Created by

Matt Maciel

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the business strategy used by John D. Rockefeller to dominate the oil industry?

Vertical integration

Horizontal integration

Diversification

Outsourcing

Tags

DOK Level 2: Skill/Concept

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Andrew Carnegie is most closely associated with which industry?

Oil

Steel

Railroads

Banking

Tags

DOK Level 2: Skill/Concept

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the primary purpose of forming trusts in the late 19th century?

To promote fair competition

To reduce production costs

To eliminate competition and create monopolies

To improve product quality

Tags

DOK Level 2: Skill/Concept

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best explains the concept of a monopoly?

A market structure where many firms compete

A market structure dominated by a single seller

A market structure with free entry and exit

A market structure with government regulation

Tags

DOK Level 2: Skill/Concept

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

J.P. Morgan is best known for his influence in which sector?

Agriculture

Manufacturing

Finance and banking

Retail

Tags

DOK Level 2: Skill/Concept

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the significance of the Standard Oil Company in the context of American business history?

It was the first company to use assembly line production

It was the first major monopoly in the United States

It was the first company to issue stock

It was the first company to implement scientific management

Tags

DOK Level 2: Skill/Concept

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which business practice did Andrew Carnegie use to control the steel industry?

Horizontal integration

Vertical integration

Price fixing

Outsourcing

Tags

DOK Level 2: Skill/Concept

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