View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 3, Transformation.

Multiple Choice Questions

1. Why did Drexel Burnham Lambert agree to let Milken move his operation at a cost of millions of dollars?
(a) Milken had some inside information he could use in L. A.
(b) Milken threatened to leave.
(c) Milken was responsible for almost all of the firm's profits.
(d) Milken was then major stock holder in the company.

2. What was it about Milken that impressed his clients?
(a) his inside information about the junk bond companies
(b) his connections with politicians and movie stars
(c) his knowledge and memory for details about every bond there was.
(d) his willingness to bargain when he sold them junk bonds

3. Who was Dr. Feelgood of Drexel?
(a) Fred Joseph
(b) Michael Milken
(c) Tubby Burnham
(d) Lowell Milken

4. Who dominated the market in junk bond funds from 1978 on?
(a) Fidelity
(b) Lehman Brothers
(c) Morgan Investments
(d) Drexel

5. Why was Drexel Burnham's investment banking business diminished by 1975?
(a) The bigger firms were copying its business model.
(b) Most of the major customers had fled.
(c) It had nothing to sell.
(d) Bond prices had risen too high.

Short Answer Questions

1. What was the estate they bought?

2. What was Milken's problem with back office people at Drexel?

3. What was the advantage FIFI and other like funds offer?

4. What became the name of bonds that come into being during highly leveraged takeovers?

5. What was the address of the new building in L. A.?

(see the answer key)

This section contains 297 words (approx. 1 page at 300 words per page) View a FREE sample