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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. Productive staff is rewarded and non-productive staff is ___________.
(a) Eliminated.
(b) Abused.
(c) Ignored.
(d) Punished.

2. Andrew Carnegie's last bond financing sale comes in July, _______ when he sells $6 million in bonds to Sulzbach Brothers, who buy bonds reluctantly, with Carnegie's encouragement.
(a) 1892.
(b) 1872.
(c) 1902.
(d) 1882.

3. Carnegie forms an enterprise to manufacture Bessemer steel as he changes from ________________.
(a) Capitalist to socialist.
(b) Capitalist to entrepreneur.
(c) Entrepreneur to capitalist.
(d) Socialist to capitalist.

4. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?
(a) The destructive properties of oil.
(b) The instability of the economy.
(c) The fluctuation of price.
(d) The smell, messiness and waste.

5. Carnegie organizes a partnership with business associates and colleagues that are confident of his success to do what?
(a) Stabilize capital.
(b) Raise capital.
(c) Lower capital.
(d) Find capital.

Short Answer Questions

1. American capitalism and democracy conflict in the fear that economic justice requires what?

2. Carnegie becomes an expert in Pittsburgh's _____________ business.

3. Henry Phipps reviews blast furnace operations where flue-cinders are thrown away. What happens to puddling furnace cinders?

4. When dividend payments stop, Carnegie plans a ________ exit to maximize Pacific's price by speculation that lets the triumvirate cash out and leave the remaining Pacific stockholders to drown.

5. Scott and Thomson hold stock in Carnegie's name for what reason?

(see the answer key)

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