View a FREE sample

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

Multiple Choice Questions

1. What does Livingston decide from the Union Pacific situation?
(a) To go back to school to learn more.
(b) To only trust himself.
(c) To listen more carefully to his manager.
(d) To practice understanding insider actions.

2. Why did Livingston refuse the offer of partnership with Percy?
(a) He thinks Percy is on the illicit side of manipulations.
(b) He works alone.
(c) He didn't like Percy's methods.
(d) He doesn't like being involved in cotton.

3. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco fire.
(b) The San Francisco earthquake.
(c) The San Francisco tidal wave.
(d) Nothing happens.

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

5. How much money did Livingston make on the Union Pacific sell off?
(a) $100,000.
(b) $75,000.
(c) $250,000.
(d) $150,000.

Short Answer Questions

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

2. Why does Livingston want to sell Union Pacific?

3. How does Livingston end up in his dealings with Tropical Trading?

4. What has he regretted ignoring in the past?

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

(see the answer key)

This section contains 282 words (approx. 1 page at 300 words per page) View a FREE sample