View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 12, Milken's Money Machine.

Multiple Choice Questions

1. What was Milken's biggest contribution to Drexel in the early years?
(a) a recruiting system to get the brightest Ivy League graduates
(b) an entry into the social circles of high-yield bond traders
(c) engineering the change over to computers
(d) a study of the securities delivery system which cut the delivery time from five days to one

2. How did the firm now have equity stakes in most of the companies that it financed?
(a) by demanding larger stakes in the companies
(b) by using the firm's capital to finance the companies
(c) by buying stakes in many companies instead of financing them
(d) by swapping Chinese paper for stock in the companies

3. Who paid $2-billion for the Metromedia television stations and their assets?
(a) Bill Gates
(b) Rupert Murdock
(c) Ted Turner
(d) Time-Warner

4. What company did Wedvick find with a high investment-grade rating?
(a) Standard and Poors
(b) Clarendon, a Bermuda based reinsurance company
(c) Mutual of Omaha
(d) Drexel

5. How was Joseph building his diversified team?
(a) by computerizing his entire operation
(b) by training inexpensive novices to learn the business
(c) by hiring people away from other firms for huge salaries
(d) by taking his time to get the right people together

Short Answer Questions

1. Why was the Revlon takeover a landmark case for Perelman and Drexel?

2. What was one thing Lowell Milken did for the company?

3. How did Milken and his wife travel to Los Angeles?

4. What was it about Milken that impressed his clients?

5. To find more ways for their clients to make money, to what did Milken and Joseph turn their attention?

(see the answer key)

This section contains 361 words (approx. 2 pages at 300 words per page) View a FREE sample