Chapter 20 Vocab Cards

Front

Consolidation

Back

the practice of combining different companies into one

Front

Railroad baron

Back

powerful business leader who controlled a major railroad

Front

Assembly line

Back

factory method in which work moves past stationary workers who perform a single task

Front

Mass production

Back

factory production of goods in large quantities

Front

Entrepreneur

Back

a person who starts a business

Front

Corporation

Back

legally defined organization of people and resources with the purpose of doing business

Front

Stock

Back

shares of ownership a company sells in its business

Front

Shareholder

Back

a person who invests in a company by buying stock

Front

Trust

Back

a combination of firms or corporations formed by a legal agreement, especially to reduce competition

Front

Mergers

Back

the combining of two or more businesses into one