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

Multiple Choice Questions

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

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.
(a) Thirty.
(b) Thirty-eight.
(c) Twenty-five.
(d) Twenty-eight.

3. Relying on the telegraph lets dispatchers control what, with current information and disciplined workers?
(a) Customer movement.
(b) Customer interest.
(c) Train repairs.
(d) Train movement.

4. Carnegie works ___________ years at the Pennsylvania Railroad while he develops managerial skill, economic principles and personal relationships to become a successful manager, capitalist and entrepreneur.
(a) Eighteen.
(b) Fourteen.
(c) Twelve.
(d) Sixteen.

5. This craft has been practiced by half its 11,000 people since when?
(a) The Renaissance.
(b) The 18th century.
(c) Medieval times.
(d) The 17th century.

Short Answer Questions

1. Railroad ______________ run the trains, maintain rolling stock and track, price and collect charges for service on passenger and freight trains running in both directions to meet demand.

2. Within _______ years of arriving in America, the Carnegies recoup their fortune through the help of their friends, relatives, and countrymen in America and earn more income that they ever received in Scotland.

3. The size and complexity of a railroad business requires creation of bureaucratic organization, structure, and what else?

4. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?

5. Success is due to the first president, ________________, and the superintendent of the western division, Tom Scott, who brings Andrew Carnegie into the modern system of train control.

(see the answer key)

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