Chapter 20 Vocabulary: Quiz

What is a rebate?

• A system of connected railroad lines

• An era during the late 1800s of wealth

• A discount on services or merchandise

• A share in a corporation

What does the term 'network' refer to?

• A discount on services or merchandise

• A system of connected railroad lines

• Rapid manufacturing of a large number of products

• Payment to stockholders from a corporation profit

What characterized the Gilded Age?

• An order to do something

• A system adopted in 1918 that divides the United States into four time zones

• An era during the late 1800s of wealth

• Workplace where people labor long hours in poor conditions for low pay

What is a monopoly?

• A worker hired as a replacement for a striking worker

• An oily, flammable liquid

• Company that completely controls the market of a certain industry

• A machine that produces electric current

Who is a strikebreaker?

• A share in a corporation

• A person who gives large sums of money to charities

• Worker hired as a replacement for a striking worker

• Business leader who became wealthy through dishonest methods

What is petroleum?

• Payment to stockholders from a corporation profit

• Rapid manufacturing of a large number of products

• A discount on services or merchandise

• An oily, flammable liquid

What does 'stock' represent in the business context?

• A system adopted in 1918 that divides the United States into four time zones

• A pattern of good and bad times in the economy

• A share in a corporation

• A group of corporations run by a board of directors

What is Standard Time?

• Workplace where people labor long hours in poor conditions for low pay

• A system of connected railroad lines

• A machine that produces electric current

• A system adopted in 1918 that divides the United States into four time zones

Who is a robber baron?

• A business leader who became wealthy through dishonest methods

• An order to do something

• Economic system in which businesses are owned by private citizens

• Company that completely controls the market of a certain industry

What is free enterprise?

• An era during the late 1800s of wealth

• An oily, flammable liquid

• Business owned by many investors, raising money by selling stocks

• Rapid manufacturing of a large number of products