Which of the following was one of the secrets of John D. Rockefeller's success?
A) He paid attention to the minutest details and understood the benefits of vertical integration.
B) He pioneered a division of labor in which he concentrated on financial matters and delegated the technical operations of the industry to his managers.
C) He concentrated on the big picture and did not get bogged down in details.
D) He did not waste a lot of money on advertising.
E) He was willing to develop equal cooperative relationships with his competitors.
Question 2
Which of the following statements concerning the United States Steel Company is true?
A) It was Andrew Carnegie's steel company in the 1870s and 1880s.
B) It was the steel company operated by the United States government when it nationalized the steel trust.
C) It was the first business capitalized at more than 1 billion.
D) It was created by J.P. Morgan to compete with Federal Steel.
E) It was the first company to issue stock to meet its huge capital needs.
John Muir
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