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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 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.

2. He forms an informal investing ____________ with Thomson and Scott.
(a) Quintumvirate.
(b) Duumvirate.
(c) Triumvirate.
(d) Quadrumvirate.

3. Carnegie perfects business techniques to transform an iron and steel industry comprised of many small producers into what for the first time?
(a) Big business.
(b) Government-controlled business.
(c) No business.
(d) Small business.

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

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

Short Answer Questions

1. Who is the cornerstone of Carnegie's fortune, followed in 1861 by Columbia Oil?

2. With whom does Carnegie form Columbia Oil Company?

3. It is _______________ private business firm in the world and is called "the standard railroad of the world."

4. What characterizes America?

5. Andrew's job delivering telegraph messages puts him in touch with whom?

(see the answer key)

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