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This quiz consists of 5 multiple choice and 5 short answer questions through Triumph and Tragedy.

Multiple Choice Questions

1. 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.

2. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Organizational skills.
(b) Sales skills.
(c) Railroad technology skills.
(d) Railroad management skills.

3. He installs a blast furnace called________ in 1872 to produce 13.361 tons initially and eventually over 100,000 tons annually by maximizing output.
(a) "Larry."
(b) "Luke."
(c) "Lenny."
(d) "Lucy."

4. Cost information enables cost-cutting per unit by __________________________ at the same output level.
(a) Decreasing the speed of materials flow and increasing labor cost.
(b) Decreasing the speed of materials flow and decreasing labor cost.
(c) Increasing the speed of materials flow and increasing labor cost.
(d) Increasing the speed of materials flow and decreasing labor cost.

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

Short Answer Questions

1. 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.

2. A second dimension necessary to effect this integration is the implementation of what system?

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

4. Americans in the North have how many years of peace and prosperity as they begin to exploit American markets?

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

(see the answer key)

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