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The following questions refer to the excerpt below.
Jany 31/89
5 West Fifty-First Street,New York
My Dear Mr.Hitchcock
Yours rec'd - We must begin at once if Hall is to be ready for next winter.
Please let it be understood between us that if upon my return from the South say February 15th you have not succeeded that we consider the idea given up.We have property in view & quite ready to go on & build the Hall Capital all ready-although we will wait on you until Feby 15??.
If we build it will be much farther up town-not below 56th.Would not build upon Madison Square if we have to invest beyond the last 50,000 ft I agreed to take [illegible].Perhaps if your people leased us ground & agreed that our investment for Hall should bear [crossed out: up to illegible] interest upon cost and first net receipts,before ground rent was payable We might consider it-in that case you would have to clear a part from Mortgage & lease to us: but [illegible] increase your investment.
Yours,Andrew Carnegie
Andrew Carnegie to Hiram Hitchcock on the construction of a new philanthropic venture,
January 31,1889
-Carnegie's actions,as shown in this letter,reflected his belief in
Piecework Rates
A compensation system where employees are paid a fixed rate for each unit they produce or task they complete.
Types
Varieties or categories of a particular thing or person characterized by a specific set of traits or attributes.
Balanced Scorecard
A strategic planning and management system used by organizations to align business activities with the vision and strategy of the organization, improve internal and external communications, and monitor performance against strategic goals.
Unethical Behaviors
Actions that do not conform to acceptable standards of morality or the ethical codes of a particular profession.
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