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Chapter 19 ss
Term | Definition |
---|---|
consolidation | To make someone or something physically stronger |
Rebate | a partial refund to someone who has paid too much money for tax, rent, or a utility. |
Pool (in business terms, not a swimming pool) | a group of sharing in some activities, for example, among railroad barons who made secret agreements and set rates among themselves. |
Assembly Line | a series of workers and machines in a factory by which a succession of identical items is progressively assembled |
Mass Production | The production of large quantities of goods using machinery and often an assembly line. |
Stock | shares of ownership a company sells in its business which often carry voting power. |
Shareholder | a person who invest in a corporation by buying its stock and is a partial owner. |
Trust (in terms of business) | a combination of firms or corporations often formed by a legal agreement, especially to reduce competition. |
Monopoly (in terms of business) | total control of a type of industry by one person or one company. |
Philanthropy | charitable acts or gifts of money to benefit the community. |
Merger (in business terms) | the combining of two or more businesses into one. |
Sweatshop | a factory or workshop, in the clothing industry, where workers are employed at very low wages for long hours and poor conditions. |
Trade Union | an organization of workers who have united together to achieve common goals. |
Strikebreaker | a person who works or is employed in place of others who are on strike, thereby making the strike ineffectual. |
Injunction | an authoritative warning or order. |