Where Did Andrew Carnegie Learn Many of the Successful Management

question 55

Multiple Choice

Where did Andrew Carnegie learn many of the successful management methods he used in the steel?

• A) as a bookkeeper in the textile industry in his native Scotland.
• B) as a secretary for the Singer Sewing Machine Company.
• C) as a foreman in the meatpacking industry in Chicago.
• D) as a bartender at an Edinburgh pub.
• E) as an employee of the Pennsylvania Railroad.

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Definitions:

Safety Stock

Additional inventory maintained to mitigate the risk of stockouts due to uncertainties in demand or supply chain disruptions.

Lead Time

The amount of time that passes from the start of a process until its completion, often used in manufacturing and project planning.

Level Schedules

Production planning method that maintains a consistent output rate or workforce level, avoiding fluctuations in response to changing demand.

Shigeo Shingo

A Japanese industrial engineer known for his influential work in the Toyota Production System and the development of lean manufacturing principles.