4-3 big business

Businesses needed __________________________ to buy raw materials and equipment, pay workers, and to cover shipping and advertising costs.

________________________ was the ideal material for railroad tracks and bridges because it is stronger than iron.

The three factors of production are ___________________________________________.

A __________________________ occurs when two or more businesses combine into one.

What are people called who invest in corporations by buying stock?

• bondholders

• corporation bosses

• shareholders

• stock traders

What are people called who start businesses?

• entrepreneurs

• investors

• shareholders

• trusts

Gaining almost total control of an industry is called

• a monopoly

• vertical integration

• horizontal integration

• a dividend

Who was the steel industrialist who donated hundreds of millions of dollars as a philanthropist?

• Andrew Carnegie

• J. Edgar Thompson

• John D. Rockefeller

• J. Pierpont Morgan

Which legislation was a response to the public’s growing concern over trusts and monopolies?

• Monopolies Act

• Sherman Antitrust Act

• Trust Act

• Trust and Monopolies Act

What are factors of production?

• The way in which a society organizes the production and distribution of goods and services

• A system of exchanging goods and services

• The way resources are gathered in order to produce goods and services

• A person who has the idea of a business and gathers all the resources to start one