Multiple Choice
Identify the
choice that best completes the statement or answers the question.
|
|
|
1.
|
Who was Henry
Luce?
a. | Founder of the
Internet | c. | Railroad
mogel | b. | Founder of Time/Life publishing | d. | Founder of Warner Bros pictures |
|
|
|
2.
|
What is most responsible for
Coca Cola's world wide success?
a. | advertising | c. | its beginning as a cocaine drink | b. | it's flavor | d. | it's medicinal properties |
|
|
|
3.
|
St. Godric was one of the
earliest European businessmen. What did he do that made him a businessman?
a. | Created one of the first banks
whereby he loaned money for profit.. | c. | Bought goods from surrounding communities an sold at a profit to other
communities | b. | Made a pilgrimage to the Holy Land with the Crusades, buying products along
the way. | d. | Went overland to China to buy Far
East spices to be sold later for profit |
|
|
|
4.
|
What 15th c. businessman got
dispensation from the Catholic church by purchasing and commissioning works of art for the
church?
a. | Cosimo
Domenici | c. | Godric of
Scotland | b. | Leonardo de Vinci | d. | Machiavelli |
|
|
|
5.
|
What country became famous and
rich by developing its shipping and spice trade. It also developed the first stock
companies.
a. | Sweden | c. | Holland | b. | England | d. | France |
|
|
|
6.
|
Where did most of the money
come from to build the transcontinental railroad?
a. | the
banks | c. | the
farmers | b. | U.S. government | d. | state governments |
|
|
|
7.
|
The video, "History of
Business," states that _____ formed the foundation of the American economy in the 20th
century.
a. | bankers | c. | the stock market | b. | railroads | d. | the consumer |
|
|
|
8.
|
At the time of Marco
Polo's trip to China, how did Europe and China compare in technological
development?
a. | Europe was
superior | c. | China was
superior | b. | England and Scotland were superior but he rest of Europe was inferior to
China. | d. | China a Europe were about
even |
|
|
|
9.
|
Who was the financier who
helped to create the modern banking system, was a financier and possibly singlehandedly saved the
U.S. from a depression?
a. | Henry
Ford | c. | J.P.
Morgan | b. | John D. Rockefeller | d. | H.L. Huntington |
|
|
|
10.
|
Lending money for interest in
the middle ages was called _____, a mortal sin in the eyes of the Catholic
church.
a. | bilcheray | c. | dispensation | b. | absolution | d. | usury |
|
|
|
11.
|
What was the "Credit
Mobilier?"
a. | A cartel that stole money from the
transcontinental railroad | c. | The J.P. Morgan bank that financed the transcontinental
railroad. | b. | A railroad car bank branch office that loaned money to the railroad
workers. | d. | The U.S. National
Bank |
|
|
|
12.
|
In 1876 the rest of the world
looked upon America as
a. | a poor underdeveloped
country | c. | a world
power | b. | rich and productive | d. | a wealthy industrial country |
|
|
|
13.
|
"The more transactions
there are the more wealth there is." This is a principle of
a. | inflation | c. | deflation | b. | banking | d. | the Catholic Church |
|
|
|
14.
|
Godric became a wealthy man.
What did he do with his wealth in his later years?
a. | Retired to a life of luxury and
peace in Scotland. | c. | Was appointed to
the Court of William the Conqueror. | b. | Rejected his wealth and became a monk. | d. | Retired to England and lived out his life in a stately
castle |
|
|
|
15.
|
What does the "Greater
Fool Theory" state?
a. | "It's not how much you
make but how much you spend" | c. | "There is always someone willing to pay more for
something" | b. | "People never are satisfied with their current
wealth" | d. | "A fool and his gold is soon
parted" |
|
|
|
16.
|
The tulip mania proved
that
a. | gold is
worthless | c. | value is defined
by time and place | b. | only produced goods have real value | d. | the only real value is to be found in
nature |
|
|
|
17.
|
Who got the idea from Chicago
meat packers for assembly line production?
a. | J.P.
Morgan | c. | Sinclair
Lewis | b. | Henry Ford | d. | Andrew Carnegie |
|
|
|
18.
|
What famous person is
associated with the Standard Oil Company, who cut a deal with the railroads to get control of the oil
industry?
a. | Dale
Carnegie | c. | John D.
Rockefeller | b. | J.P. Morgan | d. | Henry Ford |
|
|
|
19.
|
The video, "History of
Business," states that _____ made modern America.
a. | the
railroads | c. | the civil
war | b. | the Spanish American War | d. | cotton and the textile industry |
|
|
|
20.
|
In the 20th century, the
economic center of the world has moved steadily _____
a. | South | c. | West | b. | North | d. | East |
|
|
|
21.
|
Who became rich and famous by
providing software for computers rather than hardware?
a. | Apple's Steve
Jobs | c. | Henry
Luce | b. | Bill Gates | d. | Helwett and Packard |
|
|
|
22.
|
The center of finance in 15th
c. Europe was
a. | Florence | c. | Paris | b. | Rome | d. | London |
|
|
|
23.
|
Matthew Bolton proved that
every scientist needs _____ to be successful.
a. | an
education | c. | an
entrepreneur | b. | an imagination | d. | a good woman |
|
|
|
24.
|
What was Marco Polo looking for
on his trip to China?
a. | spices | c. | religious converts | b. | gold | d. | gun powder |
|
|
|
25.
|
Which invention is credited
with starting the "Industrial Revolution?"
a. | Westinghouse electric
generator | c. | Whittney's
cotton gin | b. | James Watt's steam engine | d. | Edison's electric light |
|