Mr'C's Big Business fast and curios #1

What innovation revolutionized steel production during the late 19th century?

• A) Second Industrial Revolution

• B) Bessemer Process

• C) Thomas Edison

• D) Monopoly

Who is credited with inventing the phonograph and the durable electric light bulb?

• Wilbur Wright

• Alexander Graham Bell

• Thomas Edision

• Leland Stanford

What is the legal protection for inventors giving them exculsive rights to makes or sell inventions?

• monopoly

• vertical intergration

• horizontal integration

• patent

Which inventor is associated with the invention of the telephone?

• Mr. Anderson

• Henry Ford

• Alexander Graham Bell

• Thomas Edison

What term refers to the period of rapid industrial growth in the late 19th and early 20th centuries, characterized by advancements in technology and manufacturing processes?

• Vertical Integration

• Second Industrial Revolution

• Patent

• Industrial Revolution

Who is credited with inventing the first practical incandescent light bulb and establishing the first industrial research laboratory?

• Thomas Edison

• Andrew Carnegie

• Henry Ford

• Alexander Graham Bell

A legal arrangement grouping together a numner of companies under a single board of directiors.

• Trust

• Patent

• Corporation

• Integration

Which of the following did NOT increase demand and production of oil?

• Railroad

• Airplane

• Automobiles

• Assembly line

Which term refers to a large business organization typically involved in multiple aspects of a particular industry, such as production, distribution, and retail?

• Capitalism

• Mercantilism

• Trust

• Corporation

What term describes the process of a company expanding its control over its suppliers and distributors to reduce costs and increase efficiency?

• Monopoly

• Horizontal integration

• Vertical integration

• Patent