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This quiz consists of 5 multiple choice and 5 short answer questions through The Master Manager: Costs, Chemistry, and Coke.

Multiple Choice Questions

1. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.
(a) A million.
(b) A thousand.
(c) Two hundred thousand.
(d) Two million.

2. Specialized merchants control flow of product at every step, which _____________________.
(a) Increases costs and slows materials flow.
(b) Slows costs and slows materials flow.
(c) Increases costs and increases materials flow.
(d) Slows costs and increases materials flow.

3. The start of ET construction coincides with what?
(a) The Panic of 1873.
(b) The Crash of 1873.
(c) Black Friday of 1873.
(d) The Great Depression of 1873.

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

5. Carnegie eliminates the costly fire insurance on his wooden buildings by replacing them with what?
(a) Iron structures.
(b) Copper structures.
(c) Bronze structurse.
(d) Steel structures.

Short Answer Questions

1. It is _______________ private business firm in the world and is called "the standard railroad of the world."

2. Phipps buys flue-cinder at fifty cents a ton and sells puddle-cinder at ________ per ton to improve Lucy furnace product and save money.

3. Cost information enables cost-cutting per unit by __________________________ at the same output level.

4. A second dimension necessary to effect this integration is the implementation of what system?

5. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.

(see the answer key)

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