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This quiz consists of 5 multiple choice and 5 short answer questions through The Climb Ends.

Multiple Choice Questions

1. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?
(a) Hundreds.
(b) Tens of thousands.
(c) Tens of millions.
(d) Tens of billions.

2. Cost information enables cost-cutting per unit by __________________________ at the same output level.
(a) Increasing the speed of materials flow and decreasing labor cost.
(b) Increasing the speed of materials flow and increasing labor cost.
(c) Decreasing the speed of materials flow and decreasing labor cost.
(d) Decreasing the speed of materials flow and increasing labor cost.

3. Although Andrew dislikes the tedium, smells and hours, he works in another textile mill until what?
(a) He gets injured.
(b) He gets a college scholarship.
(c) He gets promoted to a management position.
(d) He gets an office opportunity in accounting.

4. Scott and Thomson hold stock in Carnegie's name for what reason?
(a) To avoid impropriety for Carnegie's one-eighth interest.
(b) Carnegie will not allow them to hold stock in anyone else's name.
(c) They are afraid to hold stock in their own.
(d) Carnegie is very well-known and trusted.

5. He follows a policy of putting all his eggs in the same basket and doing what?
(a) Ignoring it.
(b) Watching it.
(c) Forgetting about it.
(d) Worrying about it.

Short Answer Questions

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

2. Carnegie forms an enterprise to manufacture Bessemer steel as he changes from ________________.

3. In __________, Carnegie has the most modern operation.

4. 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.

5. Along with Shinn, they put together an effective team based on Carnegie's systematic analysis of personnel to provide performance incentives that raise __________ men through ranks to share ownership.

(see the answer key)

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