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Chapter 19
| Question | Answer |
|---|---|
| The practice of combining seperate companies into one | consolidation |
| a group sharing in some activity for example,among rail road baron | pool |
| The combining of two or more businesses into one. | Merger |
| The combining of competing firms into one corporation. | Horizontal integration |
| A production system with machines and workers arranged so that each person performs an assigned task again and again as the item passes before him or her. | Assembly Line |
| The production of large quantities of goods by using machinery and often assembly lines. | Mass production |
| A business in which investors own shares. | Cooperation |
| The practice of combining seperate companies into one | consolidation |
| a group sharing in some activity for example,among rail road baron | pool |
| The combining of two or more businesses into one. | Merger |
| The combining of competing firms into one corporation. | Horizontal integration |
| A production system with machines and workers arranged so that each person performs an assigned task again and again as the item passes before him or her. | Assembly Line |
| The production of large quantities of goods by using machinery and often assembly lines. | Mass production |
| A business in which investors own shares. | Cooperation |
| Shares of ownership a company sells in it's business which often carry voting power | stock |
| A person who invests in a cooperation by buying stock in a partial owner | shareholder |
| A stockholder shares the company's profits usually as a cash payment. | dividend |
| A combination of firms or coorporations formed by a legal aggreement especially to reduce competition. | trust |
| Total control of a type of industry by one person or one company. | monopoly |
| The combining of companies that supply equipment and services needed for particular industry. | vertical interigation |
| Charitable acts or gifts of money to benefit the community. | Philanthropy |
| A shop or factory where workers work long hours for low wages under unhealthy conditions. | Sweat shop |
| Organization of workers with the same trade or skill. | Trade union |
| Discussion between an employer and the union representatives of workers over wages, hours, and working conditions. | Collective bargaining |
| A person hired to replace a striking worker in order to break up a strike. | strike breaker |
| A court order to stop an action such as a strike. | Injunction. |
Created by:
Hounddog