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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.
(a) $40.
(b) $80.
(c) $10.
(d) $20.

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

3. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.
(a) J. Edgar Smith.
(b) J. Edgar Johnson.
(c) J. Edgar Hoover.
(d) J. Edgar Thomson.

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

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

Short Answer Questions

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

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

3. Carnegie is cautious in his investments by limiting them to what?

4. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.

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.

Short Essay Questions

1. Describe Carnegie's investment in Keystone Bridge Company.

2. Give an example of how the size and complexity of a railroad business requires creation of bureaucratic organization, structure, and policy to fit the needs.

3. Who is George M. Pullman? How do he and Carnegie become involved in business together?

4. What are the jobs of the railroad managers?

5. What characterizes America? To what does this refer?

6. How does Carnegie determine he can profit from the boom in telegraphy?

7. What does Andrew do from 1867 through 1872?

8. How does Andrew benefit from his work delivering telegraph messages?

9. How is Carnegie cautious in his investments? How might this help him throughout his career?

10. What happens within two years of arriving in America?

(see the answer keys)

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