View a FREE sample

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

Multiple Choice Questions

1. How many people immigrate from the Old to the New World to embed the dream into an image of America far stronger than the success of a few like the Guggenheims and Vanderbilts?
(a) Tens of thousands.
(b) Tens of billions.
(c) Hundreds.
(d) Tens of millions.

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

3. Within _______ years of arriving in America, the Carnegies recoup their fortune through the help of their friends, relatives, and countrymen in America and earn more income that they ever received in Scotland.
(a) Eight.
(b) Six.
(c) Four.
(d) Two.

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.
(a) Thirty.
(b) Twenty-five.
(c) Twenty-eight.
(d) Thirty-eight.

5. What does Andrew dislike about the oil business that seems beyond control of management until the 1880s and Rockefeller?
(a) The destructive properties of oil.
(b) The instability of the economy.
(c) The fluctuation of price.
(d) The smell, messiness and waste.

Short Answer Questions

1. Carnegie's ideas about machines, individual success and the American political system contribute to the development and growth of what?

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

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

4. Their town is at one time known as the most radical in the kingdom, as a result of the influence of ______________ who demand concessions from Parliament, primarily political equality.

5. Andrew Carnegie's last bond financing sale comes in July, _______ when he sells $6 million in bonds to Sulzbach Brothers, who buy bonds reluctantly, with Carnegie's encouragement.

Short Essay Questions

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

2. What agreement is made between the triumvirate and James L. Shaw?

3. How does Andrew escape the textile mills?

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

5. Who are Roberto Goizuetta and Any Grove?

6. 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.

7. What does Daniel McCallum offer those in management?

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

9. How is Pittsburgh important at this time?

10. What are the jobs of the railroad managers?

(see the answer keys)

This section contains 841 words (approx. 3 pages at 300 words per page) View a FREE sample