Which of the Following Was Not One of the Ways

question 90

Multiple Choice

Which of the following was not one of the ways that Andrew Carnegie revolutionized the steel industry?

• A) incorporating the Bessemer process in his steel manufacturing factories.
• B) standardizing workplace procedures to achieve greater efficiency.
• C) utilizing vertical integration to minimize costs and maximize profits.
• D) restructuring the criteria for wages so that his workers could have the highest wage scales in the country.
• E) applying rigorous cost accounting.

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Definitions:

Counteroffer

A response to an offer in which the original conditions are rejected and replaced with new terms by the party receiving the initial offer.

Electric Bicycle

A bicycle equipped with an electric motor that can assist with pedaling and, in some models, completely take over propulsion.

Extra Tire

A spare tire carried in a vehicle for use in the event of a tire failure.

Electronic Offer

A proposal to enter into a contract transmitted through electronic means, such as email or a website form.