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ss ch.19 vocab.
| Term | Definition |
|---|---|
| Consolidation | the practice of combining two separate companies into one |
| Rebate | the discount or return of part of a payment |
| Pool (in business terms, not a swimming pool) | a group sharing in an activity, for example, among railroad barons who made secret agreements and set rates above them selves |
| Assembly Line | a production system with machines and workers arranged so that each person preforms an assigned task again and again as the item passes before him or her |
| 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 stack and is a partial owner |
| Trust (in terms of business) | a combination of firms or corporations 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 of gifts of money to benefit the community |
| Merger (in business terms) | the combination of two or more businesses into one |
| Sweatshop | a shop or factory where workers work long hours for low wages under unhealthy conditions |
| Trade Union | organization of workers with the same trade or skill |
| Strikebreaker | a person hired to replace a striking worker in order to break up a strike |
| Injunction | a court order to stop an action, such as a strike |
Created by:
william.delaport0416
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