Name: _________________________ | Period: ___________________ |
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Holley's pre-production estimates and Shinn's voucher system provides Carnegie's Edgar Thomson Works with accurate profitability in its ________ month of operation.
(a) Third.
(b) Fourth.
(c) Second.
(d) First.
2. The industrial economy is crippled with some __________________ firms failing over six years.
(a) 12,000.
(b) 5,000.
(c) 1,200.
(d) 120.
3. The start of ET construction coincides with what?
(a) The Great Depression of 1873.
(b) The Crash of 1873.
(c) Black Friday of 1873.
(d) The Panic of 1873.
4. Carnegie's labor guidelines and Captain Bill's implementation works well until 1889 when what happens to Bill?
(a) He is accused of causing a blast furnace explosion.
(b) He causes a blast furnace explosion.
(c) He is injured in a blast furnace explosion.
(d) He is killed in a blast furnace explosion.
5. A second dimension necessary to effect this integration is the implementation of what system?
(a) Accountability.
(b) Benefits.
(c) Democratic.
(d) Welfare.
6. American capitalism and democracy conflict in the fear that economic justice requires what?
(a) Small government.
(b) An active interventionist role for government.
(c) An inactive government.
(d) No government.
7. The partners want Frick to exercise power without Carnegie. Why?
(a) He is easier to manipulate than Carnegie.
(b) He is more trustworthy than Carnegie.
(c) He has good ideas for growth in the company.
(d) He is more likely to keep wage costs down.
8. At the age of ___________ Carnegie finds a wife for his home, a business successor and considers retirement.
(a) Sixty.
(b) Forty.
(c) Fifty.
(d) Fifty-four.
9. Carnegie tries to use public relations, legislative action and threatens who to drive shipping costs down?
(a) John D. Rockefeller.
(b) A competitor in the steel industry.
(c) A competitor railroad.
(d) The unions.
10. As mills become more efficient, the need for raw material continues with deposits from _______________________.
(a) Michigan, Wisconsin and Minnesota.
(b) New York, Pennsylvania, and Maryland.
(c) Indiana, Kentucky, and Illinois.
(d) Alabama, Alaska, and Arizona.
11. Carnegie hires Captain Bill Jones to raid whose staff where they worked together before its strike to run ET?
(a) Cambria mill's.
(b) Cambria pines'.
(c) Cambria font's.
(d) Cambria heights'.
12. Phipps takes Carnegie's cost-cutting seriously by having who analyze flue and puddle cinders?
(a) A biologist.
(b) A conservationist.
(c) A physicist.
(d) A chemist.
13. This approach introduces ______________ into pricing and a methodology for investment planning.
(a) Decreases.
(b) Inreases.
(c) Practicality.
(d) Rationality.
14. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.
(a) 50,000.
(b) 5,000.
(c) 500.
(d) 1,000.
15. Schwab cuts $500,000 in costs at Homestead by __________________ and replacing skilled labor with machines and unskilled workers.
(a) Adding 15 percent to wages.
(b) Cutting 15 percent from wages.
(c) Cutting 25 percent from wages.
(d) Adding 25 percent to wages.
Short Answer Questions
1. Along with Shinn, they put together an effective team based on Carnegie's systematic analysis of personnel to provide performance incentives that raise __________ men through ranks to share ownership.
2. Carnegie eliminates the costly fire insurance on his wooden buildings by replacing them with what?
3. When the state legislature creates a limited partnership in ____________, Carnegie, McCandless immediately restructures into the Edgar Thomson Steel Company, Limited.
4. Cost information enables cost-cutting per unit by __________________________ at the same output level.
5. Carnegie's insistence on knowing the costs continues for his _______________ years in the steel business.
This section contains 529 words (approx. 2 pages at 300 words per page) |