Question

Which of the following statements about John
d. Rockefeller is most accurate?
a. He invented the concept of vertical integration.
b. He drilled the first oil well near Titusville, Pennsylvania.
c. He considered competition to be the central ideal of capitalism.
d. He founded the Standard Oil Company when he was 24 years old.

Answer 1

The following statement about John D. Rockefeller which is most accurate is that d) he founded the Standard Oil Company when he was 24 years old. He co-founded the Standard Oil Company with his brother and then ran it until he retired. John D. Rockefeller is one of the wealthiest men in history and founded the University of Chicago and the Rockefeller University.