Test History

Shares of ownership in a corporation

• Stock

• Stockholders

• Laissez Faire

• Limited Liability

Part owners of a corporation

• Jim Crow Laws

• The Pullman Strike

• Stockholders

• Labor Unions

What are two advantages of a corporation?

• Raise Capital

  and

  Low income

• Limited Liability

  and

  Raise Capital

• Limited resource

  and

  High resource

• Vertical

  and

  Horizontal

An economic philosophy that says government should leave business alone and let them handle their business themselves.

• Andrew Carneige

• Laissez Faire

• Adam Smith

• John D. Rockefeller

Scottish Philosopher developed the laissez faire economic theory.

• Cornelius Vanderbelt

• Andrew Carnegie

• Admin Smith

• J.P. Morgan

Finance and Banking

• Alexander Graham Bell

• Thomas Edison

• J.P. Morgan

• Cornelius Vanderbelt

Founder of Standard Oil company

• John. D. Rockefeller

• Cornelius Vanderbelt

• Andrew Carnegie

• Alexander Graham Bell

Built the American Steel industry

• Wright brothers

• Cornelius Vanderbilt

• Thomas Edison

• Andrew Carnegie

Companies gain control over multiple stages of its production and supply chain

• Limited Liability

• Finance and Banking

• Vertical Integrationr

• Horizontal Intergration

Companies where they are at the same stage with another company to merge or acquire each other.

• Labor Unions

• Vertical Intergration

• Standard Oil Company

• Horizontal Intergration