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. Andrew succeeds in the mastery of what business techniques?
(a) His parent's.
(b) New World.
(c) Old World.
(d) His friend's.

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

3. Andrew begins to see the railroad industry as an opportunity to regain what?
(a) The pride he thinks the Carnegies lost by emigrating.
(b) His sense of self.
(c) The money his family has lost.
(d) His understanding of business.

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

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

6. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?
(a) His uncle's.
(b) His brother's.
(c) His aunt's.
(d) His mother's.

7. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.
(a) Ten.
(b) Eight.
(c) Thirteen.
(d) Four.

8. Scot Andrew Carnegie became what?
(a) The scariest man in the world.
(b) The laziest man in the world.
(c) The richest man in the world.
(d) The most powerful man in the world.

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

10. 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.
(a) Thirty-eight.
(b) Twenty-five.
(c) Twenty-eight.
(d) Thirty.

11. 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) Ten thousand.
(b) One thousand.
(c) One hundred thousand.
(d) One million.

12. Carnegie's career begins on July 15, 1848, when he and his family, parents Will, Margaret and his brother Tom, do what?
(a) Sail from Great Britain with fellow Scottish passengers.
(b) Sail from Spain with fellow Spanish passengers.
(c) Sail from Great Britain with fellow Irish passengers.
(d) Sail from France with fellow French passengers.

13. 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) World Socialist Movement.
(d) The Chartists.

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

15. The business is _______________ with conductors and station agents collecting millions in small coin revenue.
(a) Penny and dime."
(b) Dime and quarter."
(c) "Penny and nickel."
(d) "Nickel and dime."

Short Answer Questions

1. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.

2. 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 __________________.

3. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?

4. In 1856, Scott advises him to buy what company as his first stock investment?

5. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.

(see the answer keys)

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