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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 dividend.
(c) A company reorganization.
(d) Bankruptcy filings.

2. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Went into index funds.
(b) Went into commodoties.
(c) Started buying Union Pacific again.
(d) Bought a lot of mutual funds.

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

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

5. What does Livingston notice about the price of Tropical Trading stock?
(a) The price is way down.
(b) The price fluctuates wildly.
(c) The price has been run up.
(d) The price hasn't changed in four years.

Short Answer Questions

1. What does everyone finally think about Tropical Trading?

2. Why does Livingston meet with Percy Thomas?

3. What do the insiders of Tropical Trading do when Livingston goes short?

4. What does Livingston do to retaliate against the insiders?

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

(see the answer key)

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