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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. Specialized merchants control flow of product at every step, which _____________________.
(a) Slows costs and slows materials flow.
(b) Slows costs and increases materials flow.
(c) Increases costs and slows materials flow.
(d) Increases costs and increases materials flow.

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

3. With whom does Carnegie form Columbia Oil Company?
(a) Wallece Coleman.
(b) Wilson Coleman.
(c) Willard Coleman.
(d) William Coleman.

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

5. 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) 1902.
(b) 1872.
(c) 1882.
(d) 1892.

Short Answer Questions

1. Carnegie's insistence on knowing the costs continues for his _______________ years in the steel business.

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

3. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.

4. Who was the founder of Intel and Liz Claibourne?

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

(see the answer key)

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