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What was the Core Business that made Standard Oil a Horizontally Integrated Monopoly?
A. Finding new uses for oil B. Building oil pipelines C. Refining oil D. Transporting oil to customers Correct Answer: C. Refining oil Focussing primarily on oil refining was the key that enabled Standard Oil to establish itself as a dominant monopoly. In order to maintain its monopoly in ...
ViewThough it is Seen As a Last Resort, Bankruptcy Allows a Consumer to
A. Temporary stop paying debts B. Eliminate certain types of debt C. Easily reestablish good credit D. Receive credit in an emergency Correct Answer: B - Eliminate certain types of debt When a consumer files for bankruptcy, he/she is allowed to eliminate certain types of debts. The bank will ...
ViewWhich Best Describes The Nature Of Cause And Effect In The Context Of The Business Cycle?
A. Demand falls, causing production to stay at its peak. B. Goods are overproduced, causing a surplus in jobs. C. Consumers spend less, causing worker layoffs. D. A recession begins, causing consumers to spend more. Correct Answer: C. Consumers spend less, causing worker layoffs. "Consumers ...
ViewWhich Statement Best Describes How An Investor Makes Money Off Debt?
A. An investor makes money by earning interest. B. An investor makes money by being repaid for the principal. C. An investor makes money by issuing bonds. D. An investor makes money by raising capital. Correct Answer: A. An investor makes money by earning interest. An investor makes money by ...
ViewSara Would Like to Open a Bank Account. What Will She Need to do This? Choose Three Answers.
A. Money to start the account B. Birth certificate C. Identification card D. High school diploma E. Proof of address Correct Answer: A. Money to start the account, C. Identification card, and E. Proof of address To open a bank account, Sara needs to submit a valid identification card, proof ...
ViewWhich of the Following is not be a Warning Sign of a Scam When Buying a Car or Other Big Purchases?
A. Being forced into warranties B. Excessive fees C. Add-ons that seem too good to be true D. A price that fits comfortably in your budget Correct Answer: D. A price that fits comfortably in your budget. Finding a price that comfortably fits within your budget is generally not a warning sign ...
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