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Chapter 19 ss

TermDefinition
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.
 

 



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