Laissez-faire is a French term that means _____?
12-3 Flashcard Big Business

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History, Social Studies
•
11th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
"Leave it alone"
2.
FLASHCARD QUESTION
Front
One reason big business was able to increase after the Civil War was because states began allowing companies to become corporations without having to get a special _____ from that state's legislature.
Back
charter
3.
FLASHCARD QUESTION
Front
All businesses have "fixed" and "operating" costs. Paying the salaries of cooks, custodians, teachers and para-educators during the school months would be considered a(n) ______ cost.
Back
operating
4.
FLASHCARD QUESTION
Front
The continual monthly payments to pay off for the new buildings the Mitchell School District has built in the last ten years would be an example of a(n) ______ cost.
Back
fixed
5.
FLASHCARD QUESTION
Front
A corporation is defined as _______?
Back
an organization that is authorized by law to carry on an activity but is treated as though it is one person
6.
FLASHCARD QUESTION
Front
Vertical integration is a concept in which a company ______?
Back
owns all the parts of the industrial process it needs to make its product
7.
FLASHCARD QUESTION
Front
Horizontal integration occurs when a company _______?
Back
owns all of the same type of businesses like itself
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