According to andrew carnegie and the rise of big business, which statements are true?
i. the editor’s preface states that the correct sequence of carnegie’s career was: he became superintendent of the western division of the pennsylvania r. r.; engaged in stock speculation; became a major manufacturer of steel; founded many of the philanthropies that bear his name.
ii. when the carnegie family left scotland, they had no friends or relatives in the u. s. to give them a hand until they could get on their feet.
iii. carnegie’s primary motive, first in founding cyclops iron works and then in merging it into union iron in 1865, was to create a reliable and cheap source of beams and plates for keystone bridge.
iv. in chapter 4, when the keystone bridge company opened, partners of the company held important positions in the pennsylvania railroad. livesay explains that today this situation would be called as a "ponzi scheme."
v. carnegie instituted a system that generated detailed cost data on units of labor and material per unit of output and applied it to management decision-making long before the formal elaboration of "scientific management" in the writings of frederick winslow taylor.