Andrew Carnegie Was Largely Responsible for the Development of the _________

question 161

Short Answer

Andrew Carnegie was largely responsible for the development of the _________ industry;while John D.Rockefeller was largely responsible for the development of the _________ industry.

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Definitions:

Up-front Costs

Initial expenses required to start a project, product, or service before any financial return is seen.

Discounted Payback Period

The time required to recoup the cost of an investment while considering the time value of money, typically shorter than simple payback period.

Required Return

The least profit anticipated by an investor from an investment in a certain asset, given its risk profile.

Cash Flows

The net amount of cash being transferred into and out of a business, especially as affecting liquidity.