According to the Ideas Expressed by Andrew Carnegie in His

question 105

Multiple Choice

According to the ideas expressed by Andrew Carnegie in his The Gospel of Wealth,

• A) successful businessmen had every right to live as they pleased.
• B) only pious Americans would prosper.
• C) it was the "Christian duty" of every American to become wealthy.
• D) the rich had great responsibilities to society.
• E) the wealthy had earned their money through God's blessing alone.

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Definitions:

Trading Security

A financial instrument held by a firm primarily for the purpose of selling it in the short term for profit.

Available-for-sale Security

Financial securities that are not classified as held-for-trading or held-to-maturity, and thus can be sold in the market.

Accounting

The systematic process of recording, summarizing, analyzing, and reporting financial transactions of a business or individual.

Investment

The act of allocating resources, usually capital, with the expectation of generating an income or profit.