Stage 5 Testing 2:True-False Statements
In this part of the test,you will read ten statements about the information presented in the lecture.First read the statement carefully.Then check your notes to decide whether the statement is true or false.If it is true,write a T in the blank space before the statement; if it is false,write an F in the blank.
1._______J.P.Morgan did not enjoy a good health when he was a child.
2._______Morgan’s father,Junius Spencer Morgan,set up his own company J.S.Morgan & Company after leaving George Peabody & Company.
3._______Because J.P.Morgan was a smart,cautious young man,Junius Morgan was satisfied with his son’s business decisions.
4._______The predecessor of J.P.Morgan & Company was Drexel,Morgan & Company cofounded by J.P.Morgan and Tony Drexel.
5._______When his father died in 1890,J.P.Morgan inherited nothing but $10 million.
6._______Like many other capitalists,J.P.Morgan believed in free competition and efficiency based on small shop operations.
7._______Should J.P.Morgan had met with Andrew Carnegie,the United States Steel Corporation would not have come into existence.
8._______Morgan’s influence is felt not only in American business and finance but also in the way of life of the Americans.
9._______Although J.P.Morgan was a successful businessman and financier,opinions differ in evaluating him.
10._______The obituary for J.P.Morgan depicted Morgan as a money-hungry tycoon.