Unit 3 Lesson 5 Quiz Reveiw

Ace your homework & exams now with Quizwiz!

Which business practice is described by the following scenario: A steel mill owner buys the mine that produces iron ore, the railroad that transports the iron ore, the factory that makes steelmaking furnaces, and the company that advertises the steel.

vertical integration

Which business organizations were designed to avoid regulations and act as monopolies?

trusts and cartels

John D. Rockefeller started in the oil industry as a business partner in a refinery. How did he become one of the nation's wealthiest men?

He created a monopoly that controlled most of the production and transportation of refined petroleum.

Which is the correct pairing of a titan of industry and his business?

Morgan—banking


Related study sets

Meta-ethics: The language of Ethics

View Set

Exam 1 Chapter 3-4 Test Prep Questions

View Set

AP Art History Chapter 5: Ancient Greece

View Set