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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XVIII.

Multiple Choice Questions

1. What does Union Pacific announce that dismays Livingston?
(a) Plans for new railroads.
(b) A company reorganization.
(c) Bankruptcy filings.
(d) A dividend.

2. What do the insiders of Tropical Trading do when Livingston goes short?
(a) Run the stock back up.
(b) Ask him to hold on to the stock.
(c) Put bad articles about him in the newspaper.
(d) Make the price drop way down.

3. How does he start out selling Union Pacific?
(a) Slowly at first.
(b) All at once.
(c) Shares every other week.
(d) He talks to the brokage manager.

4. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The stock falls even farther.
(c) The company expands.
(d) The company folds.

5. When Livingston is looking at the price of Tropical Trading what is the market doing?
(a) Fluctuating wildly.
(b) Going down.
(c) Going up.
(d) Staying the same.

Short Answer Questions

1. What does Livingston notice about the price of Tropical Trading stock?

2. Who convinces Livingston that Union Pacific is manipulating him?

3. What does Livingston do after receiving advice from his manager?

4. What happens to Livingston when he takes Percy's advice?

5. Why does Livingston want to sell Union Pacific?

(see the answer key)

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