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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 13, The Enforcer.

Multiple Choice Questions

1. What could happen to Drexel with so much power vested in one man?
(a) possible collapse of the company
(b) possible loss if anything happened to him
(c) possible take over of the company
(d) possible abuse of power

2. What often benefited Drexel in dealing with its clients?
(a) equity from the deals they took part in
(b) inside information
(c) positive publicity
(d) leads for new clients

3. Why was Milken nervous about the large deals?
(a) because of the economy
(b) because of the drain on Drexel finances
(c) because of the size
(d) because of the people running the companies

4. What did the Milken Group do in 1983?
(a) moved from Century City to a building at Wilshire Boulevard and Rodeo Drive
(b) began making large charitable contributions
(c) started buying up real estate in Los Angeles
(d) cancel the annual Preditors' Ball

5. What was HITS?
(a) Hard Investment Trade Secrets
(b) High Interest Tax Service
(c) a high yield mutual fund that Drexel formed
(d) a government investigation agency

Short Answer Questions

1. What did Bergerac's associates tell him about Perelman?

2. What did Milken refuse to have in the Drexel annual report?

3. By 1983, what was the worth of Drexel's junk bond business?

4. Why did the stripped bonds result in large tax benefits?

5. What did the Milken brothers do probably without notifying Drexel?

(see the answer key)

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