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This quiz consists of 5 multiple choice and 5 short answer questions through The Apprentice Financier.

Multiple Choice Questions

1. In 1849 when he takes the job, Carnegie is at the beginning of a period when capital, manpower and technology in the United States transitions from __________________.
(a) An old agricultural to a new industrial world.
(b) An old industrial to a new agricultural world.
(c) A new industrial world to an old agricultural world.
(d) An old hunter and gatherer society to a new agricultural world.

2. Carnegie becomes an expert in Pittsburgh's _____________ business.
(a) Manufacturing.
(b) Mining.
(c) Commercial.
(d) Financial.

3. In 1856, Scott advises him to buy what company as his first stock investment?
(a) Anthony Express Company.
(b) Adams Express Company.
(c) Amos Express Company.
(d) Aaron Express Company.

4. What railroad focuses capital investments that either increase revenue or reduce unit cost to justify them?
(a) BNSF.
(b) Pennsylvania.
(c) CSX.
(d) Union Pacific.

5. Coleman wants to raise the price of oil by doing what?
(a) Hoarding supply.
(b) Raising his workers' salaries.
(c) Raising the cost of shipping.
(d) Raising his own salary.

Short Answer Questions

1. Managerial skill level reached over ______________ years exceeds that of the prior five centuries.

2. In following years Carnegie gets at least ___________ for a net investment of $217.50 until 1870 when he sells out.

3. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.

4. Carnegie uses $11,000 in Woodruff dividends to buy 1,100 shares that pay $17,800 in their first year and eventually over _________ dollars.

5. Carnegie's first dividend check for ________ opens a whole new world of receiving cash from capital.

(see the answer key)

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