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This quiz consists of 5 multiple choice and 5 short answer questions through Triumph and Tragedy.

Multiple Choice Questions

1. Andrew succeeds in the mastery of what business techniques?
(a) Old World.
(b) New World.
(c) His friend's.
(d) His parent's.

2. When his father dies in 1855, Andrew calls him what?
(a) An embarrassment.
(b) A man not of the world.
(c) A man of the world.
(d) A loser.

3. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.
(a) Two hundred thousand.
(b) Two million.
(c) A thousand.
(d) A million.

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

5. Erie and Pennsylvania Railroads each have ________ thousand employees trained into a disciplined workforce.
(a) Eight.
(b) Four.
(c) Ten.
(d) Thirteen.

Short Answer Questions

1. Corruption in construction of the Union Pacific Railroad is exposed with what scandal where congressmen get railroad stock to misuse public funds?

2. Scott leaves Carnegie in charge when he does what?

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

4. When Carnegie decides what furnace is more effective, he orders six more to be built immediately.

5. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.

(see the answer key)

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