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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. How did the associates justify the value of a company?
(a) Math equations.
(b) Doing research of the company that is for sale.
(c) Whatever creative methods he needed to use.
(d) Discussing the value with lawyers.

2. If a company is expect to grow by _______, it was a good buy.
(a) Nine percent.
(b) Five percent.
(c) Eleven percent.
(d) Two percent.

3. Who developed the pitch book?
(a) Repressed junior vice presidents.
(b) Associates under the guidance of vice presidents.
(c) Analysts and associates.
(d) Angry managing directors.

4. What is a good way to describe the junior vice presidents?
(a) Eager to please every one.
(b) Trapped in an unbalanced life.
(c) The nicest of all groups that work at DLJ.
(d) Always willing to go the extra mile for a friend or co worker

5. Although the training was fun, what feel did Rolfe and Troob have concerning their new jobs?
(a)
(b) An impending feeling of doom.
(c) Rolfe and Troob were nervous about what the new job might entail.
(d) They were both extremely excited.

6. What kind of firm was the investment bank that Rolfe and Troob were to work for?
(a) A new, aggressive kid on the block.
(b) New age.
(c) An older firm.
(d) Smart, caring and hardworking.

7. How much did they learn about investment banking?
(a) They learned about items that
(b) Almost nothing.
(c) A little - the company excepted everyone to be up to speed.
(d) A lot the - the company provided all day training.

8. Depending on the size of the deal that the investment bank brokered, what fluctuated?
(a) The bank's fee.
(b) The size of the company.
(c) Transaction time period.
(d) The cost of the transaction.

9. What did most of Bubble pitch books require?
(a) Very colorful pictures.
(b) At least 300 page pitches.
(c) Constant brainstorming.
(d) Complete secrecy.

10. What did the new employees all enjoy during the training?
(a) Getting to know their fellow associates.
(b) Seeing the sites of New York City.
(c) Learning more about DLJ.
(d) Being wined and dined.

11. At training, what were all new associates told they were?
(a) Fresh meat.
(b) The runt of the group.
(c) The golden child of the group.
(d) The smartest group of recruits.

12. To the recruiters, what were Troob and Rolfe?
(a) Stupid young men looking to make money.
(b) Lackeys.
(c) Another deal or project to close.
(d) Easy targets to get recruited.

13. What was exciting about the DLJ training in August?
(a) The grads were traveled around the world.
(b) The graduates got to see New York City.
(c) The associates learned more about the company.
(d) The associates were exposed to expense accounts and lavish lifestyles.

14. In investment banking, what continually happened?
(a) Clients bought companies at inflated prices.
(b) Companies hardly buy other companies.
(c) Clients compromise the sale of their companies.
(d) Clients sold multiple companies at once.

15. Who decides the value of a business?
(a) Presidents and senior vice presidents.
(b) The owner of the selling company.
(c) The buying company.
(d) Managing director or senior vice president.

Short Answer Questions

1. What is comparable multiple analysis?

2. What do most business schools indoctrinate into their grads?

3. What kind of working hours did Troob and Rolfe expect?

4. What do top investment banking firms usually seek?

5. These two positions are the most senior at an investment bank. There are extremely few of these positions at the company. They usually make six figure incomes.

(see the answer keys)

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