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 becomes an expert in Pittsburgh's _____________ business.
(a) Commercial.
(b) Financial.
(c) Mining.
(d) Manufacturing.

2. He leaves his Pittsburgh home and iron business to live in what city?
(a) Boston.
(b) Detroit.
(c) Los Angeles.
(d) New York City.

3. It is _______________ private business firm in the world and is called "the standard railroad of the world."
(a) One of the largest.
(b) The smallest.
(c) The largest.
(d) One of the smallest.

4. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?
(a) Low-rent housing.
(b) Employment.
(c) Food.
(d) Rent-free housing.

5. Railroads need huge amounts of what to construct track and more as they expand?
(a) Trust.
(b) Technological understanding.
(c) Equipment.
(d) Capital.

6. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.
(a) $5,000.
(b) $50.
(c) $50,000.
(d) $500.

7. 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 Hogan.
(b) His Uncle Henry.
(c) His Uncle Heathe.
(d) His Uncle Harold.

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

9. Carnegie works ___________ years at the Pennsylvania Railroad while he develops managerial skill, economic principles and personal relationships to become a successful manager, capitalist and entrepreneur.
(a) Twelve.
(b) Sixteen.
(c) Eighteen.
(d) Fourteen.

10. Railroads link Pittsburgh to the Atlantic coast and eventually to the Pacific coast, with the _______________ the best of them all.
(a) CSX Corporation.
(b) Pennsylvania Railroad.
(c) BNSF Railway Company.
(d) Union Pacific.

11. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?
(a) Madrid.
(b) Macon.
(c) Dunfermline.
(d) Dublin.

12. Business transactions at the time take place over what type of communication?
(a) Letter.
(b) Telephone.
(c) Telegraphic.
(d) Internet.

13. What characterizes America?
(a) The "American car."
(b) The "American willpower."
(c) The "American dream."
(d) The "American pride."

14. Why does Pullman gives Carnegie enough Pennsylvania stock to collateralize a $600,000 loan?
(a) He trusts Carnegie.
(b) He is ignorant of this poor decision.
(c) He believes it is one of his best ideas.
(d) He needs money.

15. Carnegie rises from bobbin boy at __________ per week in 1850 to railroad superintendent at $2,400 per year in 1865.
(a) $0.12.
(b) $120.00
(c) $12.00.
(d) $1.20.

Short Answer Questions

1. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?

2. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?

3. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?

4. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.

5. From 1867 through 1872, Andrew Carnegie joins the expansion trend by manipulating what stock to promote $30 million in stocks and bonds in Europe?

(see the answer keys)

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