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

2. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.
(a) Forty.
(b) Thirty.
(c) Twenty-five.
(d) Thirty-five.

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

4. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.
(a) Philadelphia.
(b) Youngstown.
(c) Cleveland.
(d) Pittsburgh.

5. 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) Sixteenth.
(b) Nineteenth.
(c) Eighteenth.
(d) Seventeenth.

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

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

8. Machines begin taking over production with energy from _____________ independent from windmills and waterwheels.
(a) Electric steam boilers.
(b) Coal-fired steam boilers.
(c) Wood-burning steam boilers.
(d) Oil-burning steam boilers.

9. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.
(a) $2,000.
(b) $20,000.
(c) $200,000.
(d) $200.

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

11. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.
(a) 1868.
(b) 1858.
(c) 1852.
(d) 1862.

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

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

14. 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) Employees.
(b) Executives.
(c) Stockholders.
(d) Managers.

15. 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) Twenty-eight.
(b) Twenty-five.
(c) Thirty.
(d) Thirty-eight.

Short Answer Questions

1. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?

2. Carnegie, acting under Scott-Thomson proxies, now owns how much of Pacific and Atlantic for the start-up Keystone Telegraph?

3. 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.

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

5. Seeds of ambivalence develop within Andrew to appreciate what ideas?

(see the answer keys)

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