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WorksheetsReading Quiz 5.7 - 5.8
Total questions: 10
Worksheet time: 10mins
Which of the following best describes a corporation?
A business that is controlled by stockholders
A business that is owned and controlled by one person
A business that has no stockholders
A business that only has one location
DeBeers Diamonds was a transnational company that attempted to build a railroad from South Africa to Egypt. What is a transnational company?
A company that creates transportation systems
A company that operates in multiple countries
A company that operates in only one country
A company that operates in multiple continents
What is a sole proprietorship?
A business that is owned by a single person
A business that is owned by a small group of people
A business that has had multiple owners
A business that is owned by stockholders
Which business structure has a lower risk for investors?
Corporation
Partnership
Sole Proprietorship
Which social class gained a disposable income (extra money to spend) for the first time as a result of the Industrial Revolution?
Lower class
Middle class
Upper class
Which of the following were NOT common in the factory work setting in the 19th century?
Low wages
Long hours
Unsanitary working conditions
Equality between men and women
Utilitarianism means to seek “the greatest good for the greatest number of people.” Who was the owner of this economic philosophy?
John Stuart Mill
Adam Smith
Karl Marx
Mahmud II
Who published the Communist Manifesto?
John Stuart Mill
Adam Smith
Karl Marx
Mahmud II
Emperor Guangxu’s Hundred Days of Reform included all of the following EXCEPT…
Abolition of the civil service exam
Introduction of democracy
Elimination of corruption
Establishment of Western-style industrial, commercial, and medical systems
TRUE or FALSE: After the Japanese reforms, there were no signs of democracy in Japan.
TRUE
FALSE
