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

2. 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 Henry.
(b) His Uncle Harold.
(c) His Uncle Heathe.
(d) His Uncle Hogan.

3. Carnegie sells Central patents for ____________ to Pullman and they exchange shares for no money to form the new company.
(a) $200.
(b) $20,000.
(c) $200,000.
(d) $2,000.

4. Who is Cuban Roberto Goizuetta?
(a) The deceased president of Liz Claiborne.
(b) The deceased chairman of Coca-Cola.
(c) The deceased CEO of Intel.
(d) The deceased chairman of Applebee's.

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

Short Answer Questions

1. When his father dies in 1855, Andrew calls him what?

2. A typical pattern in the ____________ century is that a community builds up around a few pioneers who leave their homeland and then encourage friends and relatives to join them.

3. 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.

4. Carnegie buys his stock in Pullman selling shares in Central to other stockholders by not using what?

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. What happens within two years of arriving in America?

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

3. The partners pledge an investment to be made in installments paid when due or by the company as credit for dividends payable on the whole investment. Give an example of this pledge in action.

4. What work do the Carnegies find in America?

5. What does Andrew do from 1867 through 1872?

6. Who are Roberto Goizuetta and Any Grove?

7. What does Carnegie do when Pacific dividend payments stop?

8. What does Daniel McCallum offer those in management?

9. 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.

10. Describe Carnegie's rise in business by 1865.

(see the answer keys)

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