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7. why did carnegie believe that money should not be left to the families of the decedents?
a. history has shown that most heirs spend their inheritance foolishly.
b. the heirs will not use the money to support other family members.
c. most heirs will give all their excess money to the poor.
d. many heirs will use the money to make more money.
(score for question 8: of 5 points)
8. andrew carnegie seemed to be in favor of taxing large estates heavily at death.
a. true
b. false
(score for question 9: of 5 points)
9. according to carnegie, what is the duty of the man of wealth?

(score for question 10: of 5 points)
10. give an example of how the wealthy can benefit a mass of people rather than just a few.

1) A.History has shown that most heirs spend their inheritance foolishly. 2) False! 3) He believed that, though you can make all the money you want, most people spend it on selfish desires, and not for good intentions. 4) When there are more than a few people, these people can help with financial costs, rather than just a few.

I hope this helps you!

Answers:

Why did Carnegie believe that money should not be left to the families of the decedents?

A. History has shown that most heirs spend their inheritance foolishly.

Andrew Carnegie seemed to be in favor of taxing large estates heavily at death.

False

According to Carnegie, what is the duty of the man of wealth?

Carnegie was an immigrant from Scotland and began to work as a telegrapher and move up in the corporate ladder when he began to focus on steal business. He defended that rich people should be generous in donations to good causes. At the same time, Carnegie defended that the world needed rich people because it was essential to the progress of the race and it was better than everyone having the same amount of money.

Give an example of how the wealthy can benefit a mass of people rather than just a few.

One good example of how the rich can benefit the masses is being a Maecenas, giving money to arts and education so the whole society can thrive. Carnegie also defended that without the rich there would be no arts.

This is the main reason why Carnegie defended that the wealth should not be left to the children, they should not have this burden and they could not waste the money wisely. If the rich gave the money to public purposes, society would gain from it.

i really really really really really really dont know

he risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

explanation: