How Was Andrew Carnegie Able to Dramatically Change the U

question 30

Multiple Choice

How was Andrew Carnegie able to dramatically change the U.S. steel industry?

• A) Through mergers and takeovers, he was able to create a huge conglomerate that had monopoly-like power.
• B) By new production processes that dramatically reduced the cost of steel.
• C) By forming alliances with British steel companies.
• D) By effectively overcoming organizational inertia.

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Definitions:

Strike Price

The rate at which an option's owner has the right to purchase (for a call option) or offload (for a put option) the underlying asset or commodity.

Market Price

The current price at which an asset or service can be bought or sold.

Put Option

A financial derivative that gives the holder the right, but not the obligation, to sell a specified quantity of an underlying asset at a set price within a specified time.

Strike Price

The set price at which the holder of an options contract can buy (in the case of a call) or sell (in the case of a put) the underlying asset.