24)It is important to note that all of these moveable chord shapes can now be moved all the way up the neck by the same procedure used in paragraphs 19-23. Each time, the name of the chord will depend upon the placement of the root in the chord. (Refer to Examples No. 8-12). 25)The DOMINANT SEVENTH chord is built on the 5th step of the major scale. This is the chord that is the most active chord in civilized Western music. The dominant seventh chord is also referred to as V7. What we will do is make dominant 7th chords, relating them to our basic chord shapes. (See Examples No. 13-17).