View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Why doesn't Livingston make any money no matter how hard he tries?
(a) He had to start with too little.
(b) He has lost his enthusiasm.
(c) He has lost the pattern.
(d) Market conditions aren't right.

2. How does Livingston start his job with Imperial Steel?
(a) Buying all of Imperial's stock on the market.
(b) Selling Bethleham Steel.
(c) Selling all of Imperial's free floating stock.
(d) Buying Bethleham Steel.

3. What does one have to do with profit on paper?
(a) Let it sit.
(b) Ignore it.
(c) Convert it to cash.
(d) Don't count it when figuring up your worth.

4. Where does Livingston go after the dealings with Percy?
(a) Washington D.C.
(b) Atlanta.
(c) Chicago.
(d) Boston.

5. What actually happens when Livingston is working under an account at Williamson's?
(a) They constantly criticize his work.
(b) He makes millions of dollars.
(c) They squeeze him for the loan payment.
(d) They keep asking him to do favors.

Short Answer Questions

1. What has the market done about charlatans since Livingston has been trading?

2. What happens after Livingston's initial action on behalf of Imperial Steel?

3. What is one of the forces that can cause a stock spectator's plans to go awry?

4. How many people held most of the stock in Consolidated Stove?

5. What does Livingston say a trader needs to make a good decision?

Short Essay Questions

1. What does Livingston notice about the price of Tropical Trading and what does he do about it?

2. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

3. What does Livingston say about the press and insider trading?

4. What does Livingston do about all his debt?

5. What does Livingston warn about various conditions that affect the market?

6. How does a trader test a stock?

7. Why does Imperial Steel hire Livingston and why do they need him?

8. What happens to Livingston after he follows Percy's advice?

9. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

10. What is one of the primary tools to manipulate a stock?

(see the answer keys)

This section contains 878 words (approx. 3 pages at 300 words per page) View a FREE sample