Studies Weekly, Wk 1, Business in the Gilded Age Test

People who produce the goods and services are called ________.

• labor force
• people

• tycoons

• robbers

The creator and owner of a business is called a ________.

• monopoly

• Henry Ford

• proprietor

• profit

Someone who dominates an industry is called a ________.

• owner

• tycoon/mogul

• banker

• follower

Control of an entire industry is called a ________.

• business

• profit

• labor force

• monopoly

Action that involves large sums of money for sustaining an effort over time is called ________.

• philanthropy
• running for an office

• railroad industry

• interdependence

What is the consumer price minus the cost to produce the good or service called?

• money

• living

• profit

When different industries rely on each other it is called _________.

• teammates

• business

• interdependence

• friends

What happens when access to resources is completely controlled?

• Products are improved.

• Products are not improved.

• Resources are wasted.

Henry Ford created an automobile monopoly.

• True

• False

How did the invention of the assembly line help workers?

• The number of work hours were reduced.

• The number of work hours increased.

• It had no effect on work hours.

• It made work more difficult.