10/28/22 Quiz

Question 1

partial owners of a corporation

Answer 1

shareholder

Question 2

cash payment from the company’s profit

Answer 2

dividend

Question 3

buying and selling of stocks in special markets

Answer 3

stock exchange

Question 4

set up an oil refinery in Cleveland, Ohio called the Standard Oil Company

Answer 4

John D. Rockefeller

Question 5

the business method used by Rockefeller

Answer 5

horizontal integration

Question 6

a business method in which the person or company that controls an industry by dominating the strategic state

Answer 6

horizontal integration

Question 7

What was the strategic stage in the oil industry?

Answer 7

refining

Question 8

What does it mean to clean or purify oil?

Answer 8

refine

Question 9

What did Rockefeller form in 1882?

Answer 9

Standard Oil Trust

Question 10

Who drilled the first oil well?

Answer 10

Edwin Drake

Question 11

The first oil well was drilled in

Answer 11

Titusville, Pennsylvania

Question 12

large company that sold shares

Answer 12

corporation

Question 13

a piece of a company

Answer 13

stock (share)