Match the Term with the Definition

question 31

Multiple Choice

Match the term with the definition.
-A period of enormous economic growth and ostentatious displays of wealth during the last quarter of the nineteenth century. Industrialization dramatically changed in U.S. society and created a newly dominant group of rich entrepreneurs and an impoverished working class.

• A)civil service reform
• B)finance capitalism
• C)free silver
• D)Gilded Age
• E)gospel of wealth
• F)Interstate Commerce Commission (ICC)
• G)Jim Crow
• H)trust
• I)Sherman Antitrust Act
• J)social Darwinism
• K)spoils system
• L)Woman's Christian Temperance Union (WCTU)

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Definitions:

FOB Shipping Point

is a term used in shipping, where the buyer becomes responsible for goods once they are shipped, and must pay for the transport costs.

Credit Memo

A document issued by a seller to a buyer, reducing the amount the buyer owes to the seller under previous transactions, often due to a return or refund.

Perpetual Inventory System

A technique in inventory management accounting that captures sales or purchases right away using computerized systems for point-of-sale and software for enterprise asset management.

Credit Card Fees

Credit card fees are charges levied by credit card companies for the processing of transactions, maintenance of accounts, or penalties for late payments.