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WorksheetsUSHC Unit 4 Section 1 - Wilson HS
Total questions: 10
Worksheet time: 20mins
What is the complete control of a product or service by one company?
Oligopoly
Monopoly
Socialism
Cartel
What is the bringing together of many firms in the same business to form one large company?
Vertical Integration
Horizontal Integration
Conglomeration
Consolidation
What is the process of consolidating many different businesses that make up all steps of a product's development?
Vertical Integration
Horizontal Integration
Trust
Conglomeration
John D. Rockefeller made his fortune in the oil industry. What business practice did he utilize?
Horizontal Integration
Vertical Integration
Consolidation
Interlocking Directories
Andrew Carnegie made his fortune in the steel industry. What business practice did he utilize?
Horizontal Integration
Vertical Integration
Consolidation
Interlocking Directories
What government legislation was passed, yet failed, to prevent the creation of monopolies and trusts?
Interstate Commerce Act
Federal reserve Act
Pendleton Act
Sherman Antitrust Act
What 19th century business leader advocated that the wealthy should be able to make as much money as they want as long as they give back, which was explain in his "Gospel of Wealth"?
John D. Rockefeller
J.P. Morgan
Cornelius Vanderbilt
Andrew Carnegie
What is a group of separate companies that are placed under the control of a single managing board in order to form a monopoly?
Cartel
Guild
Trust
Interlocking Directory
What is the term used to identify those leaders in business who established their fortune through exploitation?
Captain of Industry
Robber Baron
Yankee Doodle Dandy
Muckraker
What is the belief that certain business leaders were superior to others and therefore destined to rule over their industry/economy?
Trustbuster
Captain of Industry
Social Darwinism
Venture Capitalist
