View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 4, Merge with Mike.

Multiple Choice Questions

1. What was the address of the new building in L. A.?
(a) Rodeo Drive and Wilshire
(b) Avenue of the Stars in Century City
(c) Sunset and Vine
(d) Hollywood and Vine

2. When he heard on the radio about a change in options to buy stocks, what did Milken do that saved Drexel Burnham Lambert?
(a) made calls from pay phones
(b) stopped in St. Louis and started buying
(c) cabeled DBL to warn them
(d) turned around and went back

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

4. How did Milken break into the Las Vegas gambling business community?
(a) Milken showed the casino owners how they could double their income.
(b) Milken traveled every weekend to gamble in Las Vegas.
(c) Milken helped Steve Wynn raise the funds he needed to build in Atlantic City.
(d) Milken lowered his commissions to get large casino business.

5. What was the Milken philosophy?
(a) to go after businesses listed on the NYSE
(b) to go after businesses that were sure to fail
(c) to go after businesses that were owner-managed
(d) to go after startup businesses

Short Answer Questions

1. What does FIFI stand for?

2. Where did Milken and his wife buy a house?

3. What did Milken's involvement in this business do for him personally?

4. Where did Milken want to move his bond operation unit in 1978?

5. Why did Drexel Burnham Lambert agree to let Milken move his operation at a cost of millions of dollars?

(see the answer key)

This section contains 351 words (approx. 2 pages at 300 words per page) View a FREE sample