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

Multiple Choice Questions

1. With whom does Carnegie form Columbia Oil Company?
(a) William Coleman.
(b) Wallece Coleman.
(c) Wilson Coleman.
(d) Willard Coleman.

2. Andrew's job delivering telegraph messages puts him in touch with whom?
(a) People of varying races.
(b) The President of the United States.
(c) Business producers on their way to national prominence.
(d) Many irate individuals.

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

4. Pennsylvania Railroad buys from the Woodruff venture and offers what when borrowing?
(a) A discount on shipping.
(b) The credibility of a "big corporation."
(c) A great deal of collateral.
(d) The credibility of a "strong corporation."

5. 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) Understanding of this business.
(c) Financial backing.
(d) Intelligence.

Short Answer Questions

1. Business transactions at the time take place over what type of communication?

2. Margaret Carnegie's sister precedes her move to America and Annie Aitken provides them what?

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

4. Railroads need huge amounts of what to construct track and more as they expand?

5. Will is unable to catch on to new opportunities and reverts back to weaving and selling his wares on the street, which does what?

(see the answer key)

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