10/28 Flashcards
1
Q
partial owners of a corporation
A
share holders
2
Q
cash payment from the company’s profit
A
dividend
3
Q
buying and selling of stocks in special markets
A
stock exchange
4
Q
set up an oil refinery in Cleveland, Ohio called the Standard Oil Company
A
John D. Rockefeller
5
Q
the business method used by Rockefeller
A
horizontal integration
6
Q
a business method in which the person or company that controls an industry by dominating the strategic state
A
horizontal integration
7
Q
What was the strategic stage in the oil industry?
A
refining
8
Q
What does it mean to clean or purify oil?
A
refine
9
Q
What did Rockefeller form in 1882?
A
Standard Oil Trust
