Chapter 20 The Industrial Age Test

What is the practice of combining different companies into one called?

• Consolidation

• Rebate

• Pool

• Assembly Line

Who was a powerful business leader who controlled major railroads?

• Railroad Baron

• Model T

• Standard Gauge

• Mass Production

What is the common distance between rails used by all railroad companies called?

• Standard Gauge - 4 feet 8.5 inches

• • Normal Gauge - 5 feet 6 inches

• American Gauge - 3 feet 6 inches

• Uniform Gauge - 6 feet 2 inches

What term describes a discount or return of part of a payment?

• Rebate

• Pool

• Consolidation

• Assembly Line

What is a group sharing in some activity, such as among railroad barons who made secret agreements and set rates among themselves?

• Pool

• Rebate

• Mass Production

• Factors of Production

What was the early Ford car called?

• Model T

• Assembly Line

• Railroad Baron

• Standard Gauge

What is the factory method in which work moves past stationary workers who perform a single task?

• Assembly Line

• Mass Production

• Consolidation

• Rebate

What is the term for factory production of goods in large quantities?

• Mass Production

• Pool

• Model T

• Standard Gauge

What are the land, labor, and capital used to make goods called?

• Factors of Production

• Assembly Line

• Rebate

• Railroad Baron

What is the term for a person who starts a business?

• Corporation

• Shareholder

• Entrepreneur

• Trust