Unit 8 Study Questions

Focus on a single area of work or expertise is

• SPECIALIZATION

• DIVERSIFICATION

• GENERALIZATION

• MULTIFUNCTIONALITY

ANTI-MONOPOLY laws were passed to

• promote competition among companies.

• prevent a single company from controlling an entire industry.

• increase government control over businesses.

• reduce prices for consumers.

Alexander Bell perfected the

• TELEPHONE

• RADIO

• TELEVISION

• MICROWAVE OVEN

A CORPORATION is

• a group of people who may act as a business.

• a type of small business owned by one person.

• a legal entity that can own property and incur debts.

• a non-profit organization focused on community service.

What made it possible for factories to produce many items quickly?

• The Assembly Line

• Batch Production

• Just-in-Time Manufacturing

• Mass Customization

The contributions of American workers are celebrated on

• LABOR DAY

• INDEPENDENCE DAY

• THANKSGIVING

• MEMORIAL DAY

John D. Rockefeller monopolized the

• OIL industry

• STEEL industry

• TEXTILE industry

• COAL industry

A UNION is

• an organization of workers.

• a type of government structure.

• a financial institution for loans.

• a social club for leisure activities.

A fire destroyed the city of

• CHICAGO

• NEW YORK

• LOS ANGELES

• HOUSTON

Who used an assembly line to produce affordable vehicles?

• HENRY FORD

• THOMAS EDISON

• RANSOM E. OLD

• ALFRED P. SLOAN