Innovators and Industry Quiz

Who is credited with inventing the telephone?

• Thomas Edison

• Alexander Graham Bell

• Henry Ford

• Wright Brothers

What is the primary purpose of a corporation?

• To create a monopoly

• To operate as a single entity separate from its owners

• To strike against unfair labor practices

• To invent new technologies

Which process is used to produce steel more efficiently and cheaply?

• Assembly Line

• Bessemer Process

• Mass Production

• Free Enterprise System

Who is known for developing the assembly line technique of mass production?

• John D. Rockefeller

• Andrew Carnegie

• Henry Ford

• Thomas Edison

What is a monopoly?

• A type of stock

• A market structure with many competitors

• A market structure with a single seller

• A type of corporation

Which brothers are credited with inventing the first successful airplane?

• Wright Brothers

• Ford Brothers

• Bell Brothers

• Edison Brothers

What is the term for a share in the ownership of a company?

• Corporation

• Monopoly

• Stock

• Strike

Who was a leading figure in the American steel industry?

• Thomas Edison

• Andrew Carnegie

• John D. Rockefeller

• Henry Ford

What is the term for a work stoppage by employees to protest against their employer?

• Monopoly

• Strike

• Corporation

• Mass Production

Who is known for his work with electric light and power utilities?

• Alexander Graham Bell

• Thomas Edison

• Henry Ford

• Wright Brothers