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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.
(a) 30.
(b) 40.
(c) 20.
(d) 50.

2. The triumvirate agrees to sell at once for what reason?
(a) They want to get rid of shares.
(b) There are no better offers.
(c) Since it has no dollar investment in the transaction.
(d) It is the most logical plan.

3. Previously Margaret Carnegie's sisters, Annie Aitken and Kitty Hogan immigrate in __________, and write of good and bad times there.
(a) 1840.
(b) 1835.
(c) 1830.
(d) 1845.

4. A new competitor, ________________ , decides a lavishly decorated "rolling palace" may have an edge, and by 1867 he has forty-eight in service.
(a) Gerold M. Pullman.
(b) Gary M. Pullman.
(c) George M. Pullman.
(d) Geoff M. Pullman.

5. This craft has been practiced by half its 11,000 people since when?
(a) Medieval times.
(b) The Renaissance.
(c) The 18th century.
(d) The 17th century.

6. Carnegie meets railroad's ____________ and initiates control of division operations when needed.
(a) Executives.
(b) Customers.
(c) Critics.
(d) Managers.

7. Seeds of ambivalence develop within Andrew to appreciate what ideas?
(a) Old World.
(b) His parent's.
(c) New World.
(d) His friend's.

8. What is the town's industry in 1835?
(a) Silk weaving.
(b) Hand weaving.
(c) Knitting.
(d) Basket weaving.

9. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Customer interest.
(b) Train repairs.
(c) Train movement.
(d) Customer movement.

10. Carnegie promotes expanding with other Pennsylvania-controlled franchises through Scott and assures construction in his contracting business by bartering Pacific stock for construction costs with ___________ exchange rates.
(a) 2 and 4 to one.
(b) 5 and 7 to one.
(c) 3 and 4 to one.
(d) 3 and 5 to one.

11. He leaves his Pittsburgh home and iron business to live in what city?
(a) Los Angeles.
(b) Detroit.
(c) Boston.
(d) New York City.

12. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?
(a) Pennsylvania.
(b) CSX.
(c) BNSF.
(d) Union Pacific.

13. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?
(a) Destroys his self-confidence and shames his family.
(b) Provides a significant income for his family.
(c) Brings him more work than when he had his factory job.
(d) Builds his self-confidence and brings pride to his family.

14. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) Financial backing.
(b) Intelligence.
(c) Understanding of this business.
(d) The courage and business sense to develop them.

15. Their town is at one time known as the most radical in the kingdom, as a result of the influence of ______________ who demand concessions from Parliament, primarily political equality.
(a) GRAPO.
(b) The Chartists.
(c) World Socialist Movement.
(d) The Committee for a Workers' International.

Short Answer Questions

1. Whose pioneering skills in management are codified in his "Book of Rules and the Employees' Timetable?"

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.

3. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?

4. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.

5. The Carnegies stay in their homeland as long as they can until conditions become intolerable in what town?

(see the answer keys)

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