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

2. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) Big business.
(b) Government-controlled business.
(c) No business.
(d) Small business.

3. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.
(a) Managers.
(b) Stockholders.
(c) Employees.
(d) Executives.

4. 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) $561,100.
(b) $561.
(c) $56,110.
(d) $5,610.

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

Short Answer Questions

1. Carnegie becomes an expert in Pittsburgh's _____________ business.

2. Carnegie uses a similar strategy to exit the Woodruff Company by reorganizing it into ________________ with new stockholders and the triumvirate unstated.

3. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?

4. Andrew's job delivering telegraph messages puts him in touch with whom?

5. 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.

Short Essay Questions

1. 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.

2. Describe the informal investing triumvirate Carnegie formed with Thomson and Scott.

3. Give an example of when Carnegie meets railroad's customers and initiates control of division operations when needed.

4. How does industry benefit from Carnegie?

5. Describe the Pennsylvania Railroad in 1865.

6. Who are Roberto Goizuetta and Any Grove?

7. By what is this dream not diminished?

8. What does Daniel McCallum offer those in management?

9. Why do the Carnegies leave Scotland?

10. What are the jobs of the railroad managers?

(see the answer keys)

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