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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. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?
(a) The credibility of a "big corporation."
(b) A great deal of collateral.
(c) The credibility of a "strong corporation."
(d) A discount on shipping.

2. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.
(a) $56,110.
(b) $5,610.
(c) $561,100.
(d) $561.

3. From 1872 through ________, Carnegie builds an integrated industrial business to become the best-known manufacturer in the world, publishes three books, travels around the world, and becomes a philanthropist with the express intent to give away his fortune.
(a) 1899.
(b) 1889.
(c) 1879.
(d) 1909.

4. Phipps takes Carnegie's cost-cutting seriously by having who analyze flue and puddle cinders?
(a) A physicist.
(b) A conservationist.
(c) A chemist.
(d) A biologist.

5. Andrew's job delivering telegraph messages puts him in touch with whom?
(a) The President of the United States.
(b) People of varying races.
(c) Many irate individuals.
(d) Business producers on their way to national prominence.

Short Answer Questions

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

2. Andrew succeeds in the mastery of what business techniques?

3. William Coleman also shares Carnegie's interest and enthusiasm in what?

4. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.

5. Rich and poor are impacted when even Tom Scott faces ruin and disgrace from Texas Pacific Railroad default unless what happens?

(see the answer key)

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