Rise of Big Business
Quiz
•
History
•
11th Grade
•
Hard
Corey Stratton
Used 23+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a corporation?
A government agency that regulates businesses
A type of business that operates in multiple countries
A small business owned by a single individual
A form of group ownership where a number of people share ownership of a business
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a monopoly?
A business that operates in multiple industries
Complete control of a product or service
A giant company with lower production costs
A group of businesses that agree to limit production
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a cartel?
An arrangement where businesses making the same product agree to limit production
A government agency that regulates corporations
A type of business that operates internationally
A group of businesses that merge to form a giant company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is horizontal integration?
Gaining control of different businesses that make up all phases of a product's development
Consolidating many firms in the same business to create a giant company
Working to eliminate competition by forming cartels
Forming a group ownership known as a corporation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is vertical integration?
Gaining control of different businesses that make up all phases of a product's development
Consolidating many firms in the same business to create a giant company
Forming a group ownership known as a corporation
Working to eliminate competition by forming cartels
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the theory of Social Darwinism justify?
Government regulation of trusts
Discrimination based on race or ethnicity
Charitable acts towards the less fortunate
The survival of the most economically fit in the American capitalist society
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What did the Sherman Antitrust Act do?
Promoted the formation of cartels
Outlawed any trust that operated in restraint of trade or commerce among several states
Encouraged vertical integration
Supported the development of efficient business practices
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