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

Multiple Choice Questions

1. Carnegie proposes they cooperate rather than bid against each other and suggests what be the joint venture?
(a) "The Pullman Palace Car Company."
(b) "The Carnegie Car Company."
(c) "The Pullman-Carnegie Car Company."
(d) "The Pullman Sleeper Car Company."

2. Carnegie is cautious in his investments by limiting them to what?
(a) Firms his friends suggest.
(b) Firms he has studied for several months.
(c) Firms he knows about that are related to the Pennsylvania Railroad.
(d) Small firms.

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

4. The mill site is strategically situated _______________ where the Pennsylvania, Baltimore and Ohio railroad and river transportation system is readily available, nearby the coal fields.
(a) At the Ohio River.
(b) At the Monongahela.
(c) At the Potomac.
(d) At the Allegheny.

5. Railroads need huge amounts of what to construct track and more as they expand?
(a) Capital.
(b) Equipment.
(c) Trust.
(d) Technological understanding.

Short Answer Questions

1. What problems does this steel company have?

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. He forms an informal investing ____________ with Thomson and Scott.

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

5. Captain Bill Jones claims success in managing labor by doing what?

(see the answer key)

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