View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Carnegie Challenges the World.

Multiple Choice Questions

1. Carnegie buys his stock in Pullman selling shares in Central to other stockholders by not using what?
(a) Any of his own money.
(b) The money of others.
(c) Manipulation.
(d) His connections.

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

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

4. This approach introduces ______________ into pricing and a methodology for investment planning.
(a) Rationality.
(b) Inreases.
(c) Decreases.
(d) Practicality.

5. 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.

Short Answer Questions

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

2. 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.

3. Other operating benefits like reduced inventory and less machine duplication create cost savings to enable __________________at a market-competitive rate.

4. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"

5. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?

(see the answer key)

This section contains 270 words (approx. 1 page at 300 words per page) View a FREE sample