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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Builder: A Structure of Steel.

Multiple Choice Questions

1. The triumvirate agrees to sell at once for what reason?
(a) They want to get rid of shares.
(b) It is the most logical plan.
(c) There are no better offers.
(d) Since it has no dollar investment in the transaction.

2. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) The courage and business sense to develop them.
(b) Understanding of this business.
(c) Intelligence.
(d) Financial backing.

3. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.
(a) 1,000.
(b) 500.
(c) 5,000.
(d) 50,000.

4. Carnegie uses a similar strategy to exit the Woodruff Company by reorganizing it into ________________ with new stockholders and the triumvirate unstated.
(a) The Union Transport Company.
(b) The Cross Continental Company.
(c) The Atlantic Pacific Company.
(d) The Central Transportation Company.

5. Andrew goes to night school in bookkeeping at what age?
(a) Sixteen.
(b) Fourteen.
(c) Twenty.
(d) Eighteen.

Short Answer Questions

1. When dividend payments stop, Carnegie plans a ________ exit to maximize Pacific's price by speculation that lets the triumvirate cash out and leave the remaining Pacific stockholders to drown.

2. By ________, the Pennsylvania Railroad runs 3,500 miles of track with 30,000 employees and $61 million invested.

3. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.

4. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.

5. Within _______ years of arriving in America, the Carnegies recoup their fortune through the help of their friends, relatives, and countrymen in America and earn more income that they ever received in Scotland.

(see the answer key)

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