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Ch. 4, Sec. 2

Total questions: 10

Worksheet time: 50mins

Name
Class
Date
1.

Which type of integration is owning all businesses in a certain field?

a)

Horizontal integration

b)

Vertical integration

c)

Perpendicular integration

d)

Square integration

2.

What are businesses that sell pieces of ownership called stock shares?

a)

Corporations

b)

Big Businesses

c)

Small Businesses

d)

Factories

3.

Who founded the Standard Oil Company, which was the country’s largest oil refiner in 1870?

a)

John D. Rockefeller

b)

Andrew Carnegie

c)

Leland Stanford

d)

Steven Darwinism

4.

Who used social Darwinism ideas to give an explanation for their great personal wealth while providing poor working and living conditions for their employees?

a)

Some Business Leaders

b)

John D. Rockefeller

c)

Jackson Sherman

d)

American Politicians

5.

True or False: Corporations and trusts continued growing in size at the end of the 19th century because of the success of the Sherman Antitrust Act.

a)

False

b)

True

6.

Which type of integration is owning businesses involved in each step of a manufacturing process?

a)

Vertical Integration

b)

Horizontal Integration

c)

Wright Brothers

d)

Corporate Integration

7.

Which successful businessman was famous for his steel-making business?

a)

Andrew Carnegie

b)

John D. Rockefeller

c)

Leland Stanford

d)
8.

What is the name of a legal situation in which several companies all work for a single Board of Directors?

a)

Trust

b)

Monopoly

c)

Yahtzee

d)

Corporation

9.

What is a benefit of investing in corporations?

a)

stockholders receive a share of profits and are not responsible for business debts

b)

stockholders get to brag that they own more than their cousins

c)

stockholders receive a thank you note from John D. Rockefeller

d)

stockholders are allowed to pay the electric bill for the business

10.

What is the name for the idea that only the best and smartest people succeed at business and life?

a)

Social Darwinism

b)

Survival of the fittest

c)

Being the G.O.A.T.

d)

Business Darwinism