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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Manager: Costs, Chemistry, and Coke.

Multiple Choice Questions

1. In __________, Carnegie has the most modern operation.
(a) 1878.
(b) 1879.
(c) 1880.
(d) 1875.

2. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) No business.
(b) Government-controlled business.
(c) Big business.
(d) Small business.

3. Business transactions at the time take place over what type of communication?
(a) Telegraphic.
(b) Internet.
(c) Letter.
(d) Telephone.

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

5. Carnegie relies on what system implemented by Thomson and Scott at the railroad to transfer and adapt it to industry?
(a) The McAllister.
(b) The McDonald.
(c) The McMillan.
(d) The McCallum.

Short Answer Questions

1. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.

2. Carnegie organizes a partnership with business associates and colleagues that are confident of his success to do what?

3. In _________, the transcontinental Union Pacific seeks bids from sleeping car companies for its expansion.

4. One of the country's largest banking houses Jay Cooke's collapses, credit structures tumble and _____________ businesses fail in a year.

5. Carnegie buys his stock in Pullman selling shares in Central to other stockholders by not using what?

(see the answer key)

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