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This quiz consists of 5 multiple choice and 5 short answer questions through The Climb Ends.

Multiple Choice Questions

1. What demand adequate cash flow and net income for operating expenses and a dividend sufficient to maintain and attract capital to grow?
(a) Sales skills.
(b) Railroad management skills.
(c) Organizational skills.
(d) Railroad technology skills.

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

3. James L. Shaw of the Pacific and Atlantic Telegraph Company offers to buy how many shares of Keystone at three times its value, or $150,000?
(a) Ten thousand.
(b) One thousand.
(c) One hundred thousand.
(d) One million.

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

5. Carnegie protects the firm from a forced sale to pay 58 percent to his heirs at death but also disallows what?
(a) The firm to acquire an interest.
(b) Any outsiders to acquire an interest.
(c) Any friends to acquire an interest.
(d) His heirs to acquire an interest.

Short Answer Questions

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

2. The sale price is based on a book value of $50 million, not the anticipated much greater value calculated on asset value, earning potential or market value, estimated of at least what?

3. Captain Bill Jones claims success in managing labor by doing what?

4. When his father dies in 1855, Andrew calls him what?

5. Previously Margaret Carnegie's sisters, Annie Aitken and Kitty Hogan immigrate in __________, and write of good and bad times there.

(see the answer key)

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