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

Multiple Choice Questions

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

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

3. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?
(a) The credibility of a "strong corporation."
(b) A discount on shipping.
(c) A great deal of collateral.
(d) The credibility of a "big corporation."

4. _____________ is the focal point that straddles the east-west route where the Monongahela and Allegheny rivers join at the Ohio River.
(a) Cleveland.
(b) Philadelphia.
(c) Pittsburgh.
(d) Youngstown.

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

6. Andrew's opportunity to escape the coal and oil of textile mills comes through _________ asking him to become a messenger boy with a telegraph company in Pittsburgh.
(a) His Uncle Heathe.
(b) His Uncle Hogan.
(c) His Uncle Harold.
(d) His Uncle Henry.

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

8. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Railroad management skills.
(b) Railroad technology skills.
(c) Organizational skills.
(d) Sales skills.

9. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.
(a) $5,610.
(b) $561,100.
(c) $561.
(d) $56,110.

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

11. In 1856, Scott advises him to buy what company as his first stock investment?
(a) Amos Express Company.
(b) Anthony Express Company.
(c) Adams Express Company.
(d) Aaron Express Company.

12. Andrew Carnegie becomes known as the city's best _____________.
(a) Leader.
(b) Student.
(c) Politician.
(d) Operator.

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

14. Carnegie and his triumvirate get a franchise from Pennsylvania Railroad with the benefits of existing poles and franchising from Trenton through to what?
(a) The Ohio state line.
(b) The Missouri state line.
(c) The Illinois state line.
(d) The Indiana state line.

15. Carnegie proposes they cooperate rather than bid against each other and suggests what be the joint venture?
(a) "The Pullman-Carnegie Car Company."
(b) "The Carnegie Car Company."
(c) "The Pullman Sleeper Car Company."
(d) "The Pullman Palace Car Company."

Short Answer Questions

1. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?

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

3. In ___________, Andrew is offered a job by Tom Scott, western division superintendent of the Pennsylvania Railroad, to be his secretary and personal telegrapher.

4. 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.

5. Carnegie meets John Piper in 1856 in order to build _______ bridges, instead of wooden bridges that can be set afire from locomotive sparks and are not cost-effective beyond a certain span and load factor.

(see the answer keys)

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