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

Multiple Choice Questions

1. Scott and Thomson like the Woodruff Sleeping Car Company that owns patents in 1858 but lacks what?
(a) The courage and business sense to develop them.
(b) Financial backing.
(c) Understanding of this business.
(d) Intelligence.

2. Carnegie meets John Piper in 1856 in order to build _______ bridges, instead of wooden bridges that can be set afire from locomotive sparks and are not cost-effective beyond a certain span and load factor.
(a) Iron.
(b) Gold.
(c) Steel.
(d) Bronze.

3. Scott and Thomson hold stock in Carnegie's name for what reason?
(a) Carnegie is very well-known and trusted.
(b) To avoid impropriety for Carnegie's one-eighth interest.
(c) Carnegie will not allow them to hold stock in anyone else's name.
(d) They are afraid to hold stock in their own.

4. In 1863, his investments pay $45,460 and by 1868, he receives __________ per year for an investment of $817 that he borrows to make.
(a) $56,110.
(b) $561.
(c) $5,610.
(d) $561,100.

5. By the age of __________ Carnegie manages a complex, multi-unit industrial enterprise and capitalizes on knowing the value of money based on what it can earn.
(a) Twenty-five.
(b) Thirty-eight.
(c) Thirty.
(d) Twenty-eight.

Short Answer Questions

1. Andrew goes to night school in bookkeeping at what age?

2. During the nineteenth century American railroads are financed by bonds with over ____ percent of their earnings used to pay bond interest.

3. Carnegie's career begins on July 15, 1848, when he and his family, parents Will, Margaret and his brother Tom, do what?

4. Carnegie's first installment on his one-eighth interest in Woodruff is $217.50 borrowed from the bank. The balance is paid by dividends in the venture's ________ year.

5. Railroads link Pittsburgh to the Atlantic coast and eventually to the Pacific coast, with the _______________ the best of them all.

(see the answer key)

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