Andrew Carnegie and the Rise of Big Business Test | Mid-Book Test - Easy

Harold C. Livesay
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?
(a) The Ohio state line.
(b) The Missouri state line.
(c) The Illinois state line.
(d) The Indiana state line.

2. Andrew's opportunity to escape the coal and oil of textile mills comes through _________ asking him to become a messenger boy with a telegraph company in Pittsburgh.
(a) His Uncle Heathe.
(b) His Uncle Harold.
(c) His Uncle Henry.
(d) His Uncle Hogan.

3. Who is Cuban Roberto Goizuetta?
(a) The deceased CEO of Intel.
(b) The deceased chairman of Coca-Cola.
(c) The deceased president of Liz Claiborne.
(d) The deceased chairman of Applebee's.

4. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.
(a) Executives.
(b) Managers.
(c) Stockholders.
(d) Employees.

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

6. Andrew Carnegie's last bond financing sale comes in July, _______ when he sells $6 million in bonds to Sulzbach Brothers, who buy bonds reluctantly, with Carnegie's encouragement.
(a) 1892.
(b) 1872.
(c) 1902.
(d) 1882.

7. This old craft is destroyed in _______ years, along with Will Carnegie's job and his town's main source of income.
(a) Eight.
(b) Eighteen.
(c) Ten.
(d) Twenty.

8. James L. Shaw of the Pacific and Atlantic Telegraph Company offers to buy how many shares of Keystone at three times its value, or $150,000?
(a) One million.
(b) One thousand.
(c) One hundred thousand.
(d) Ten thousand.

9. Carnegie meets railroad's ____________ and initiates control of division operations when needed.
(a) Managers.
(b) Customers.
(c) Executives.
(d) Critics.

10. This craft has been practiced by half its 11,000 people since when?
(a) The 18th century.
(b) The Renaissance.
(c) Medieval times.
(d) The 17th century.

11. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.
(a) Gerold M. Pullman.
(b) George M. Pullman.
(c) Geoff M. Pullman.
(d) Gary M. Pullman.

12. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?
(a) The destructive properties of oil.
(b) The instability of the economy.
(c) The fluctuation of price.
(d) The smell, messiness and waste.

13. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.
(a) A thousand.
(b) Two hundred thousand.
(c) A million.
(d) Two million.

14. 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.
(a) Six.
(b) Two.
(c) Eight.
(d) Four.

15. 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.
(a) J. Edgar Thomson.
(b) J. Edgar Hoover.
(c) J. Edgar Johnson.
(d) J. Edgar Smith.

Short Answer Questions

1. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.

2. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"

3. Scott sends Carnegie off to where as a bond salesman with good wishes, a bag of bonds and letters of reference for the St. Louis Bridge Company?

4. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.

5. Carnegie proposes they cooperate rather than bid against each other and suggests what be the joint venture?

(see the answer keys)

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