Which of the following statements about John D. Rockefeller is most accurate?

A. He drilled the first oil well near Titusville, Pennsylvania.

B. He invented the concept of vertical integration.

C. He founded the Standard Oil Company when he was 24 years old.

D. He considered competition to be the central ideal of capitalism.

Question

Which of the following statements about John D. Rockefeller is most accurate?

A. He drilled the first oil well near Titusville, Pennsylvania.

B. He invented the concept of vertical integration.

C. He founded the Standard Oil Company when he was 24 years old.

D. He considered competition to be the central ideal of capitalism.

meerkat18 · Answer

The question is asking to choose among the following choices that states the statement about John D. Rockefeller is most accurate, and base on my research and further investigation, the answer would be letter C. He founded the Standard Oil Company when he was 24 years old. I hope this would help

Answered by meerkat18 | 2024-06-10

phlyyearly · Answer

C ;

meerkat18 · Answer

The most accurate statement about John D. Rockefeller is option C: he founded the Standard Oil Company when he was 24 years old. While he utilized various business strategies such as vertical integration, he did not invent these concepts. He is known more for eliminating competition than for promoting it. 
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Answer (3)

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