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

Multiple Choice Questions

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

2. Railroad receipts increase from $40 million in 1851 to _____________ fifteen years later in 1867.
(a) $3 billion.
(b) $3.4 milion.
(c) $334 million.
(d) $34,000.

3. This old craft is destroyed in _______ years, along with Will Carnegie's job and his town's main source of income.
(a) Twenty.
(b) Eighteen.
(c) Ten.
(d) Eight.

4. Andrew succeeds in the mastery of what business techniques?
(a) His parent's.
(b) His friend's.
(c) Old World.
(d) New World.

5. Thirteen year-old Andrew sees his father fail while admiring whose determination to rise above it?
(a) His brother's.
(b) His aunt's.
(c) His mother's.
(d) His uncle's.

Short Answer Questions

1. Scot Andrew Carnegie became what?

2. 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.

3. In 1856, Scott advises him to buy what company as his first stock investment?

4. Carnegie meets railroad's ____________ and initiates control of division operations when needed.

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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