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. 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.

3. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?
(a) Pennsylvania Railroad.
(b) Pullman.
(c) Woodruff.
(d) Coleman.

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

5. Their town is at one time known as the most radical in the kingdom, as a result of the influence of ______________ who demand concessions from Parliament, primarily political equality.
(a) The Committee for a Workers' International.
(b) GRAPO.
(c) The Chartists.
(d) World Socialist Movement.

6. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.
(a) An old hunter and gatherer society to a new agricultural world.
(b) An old industrial to a new agricultural world.
(c) An old agricultural to a new industrial world.
(d) A new industrial world to an old agricultural world.

7. When his father dies in 1855, Andrew calls him what?
(a) A loser.
(b) A man of the world.
(c) An embarrassment.
(d) A man not of the world.

8. He forms an informal investing ____________ with Thomson and Scott.
(a) Triumvirate.
(b) Duumvirate.
(c) Quintumvirate.
(d) Quadrumvirate.

9. A typical pattern in the ____________ century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.
(a) Nineteenth.
(b) Eighteenth.
(c) Seventeenth.
(d) Sixteenth.

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

11. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) Big business.
(b) No business.
(c) Government-controlled business.
(d) Small business.

12. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"
(a) David McClure's.
(b) Duane McMahon's.
(c) Daniel McCallum's.
(d) Darrel McAllister's.

13. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Train repairs.
(b) Train movement.
(c) Customer interest.
(d) Customer movement.

14. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $34,000.
(b) $3 billion.
(c) $3.4 milion.
(d) $334 million.

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

Short Answer Questions

1. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?

2. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.

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. With whom does Carnegie form Columbia Oil Company?

5. Andrew goes to night school in bookkeeping at what age?

(see the answer keys)

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