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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Why did the new Drexel Burnham company give Milken a $2 million position?

2. What influenced Milken to become interested in low grade bond portfolios?

3. Who informed the SEC that he was attempting to gain control of Triagle Acquisition Corporation?

4. What government regulation made it easier for multiple mergers in the 1980s?

5. Where was much of the money coming from for takeovers in the 1980s?

Short Essay Questions

1. Explain Milken's relationship with his staff.

2. What was Milken's greatest contribution to the Drexel firm when he was a part-time employee?

3. Tell something about Fred Joseph and how he became known at Drexel.

4. Explain how Milken became nervous over large bond deals.

5. How did Milken help Drexel on his drive from New York to California?

6. Why was Milken not employed by some of the biggest Wall Street firms?

7. How did Marshall Field attempt to fight Carl Icahn?

8. What were some complications of the move to Century city for Drexel?

9. What happened that started the Merger & Acquisition craze in the late 1970s and early 1980s?

10. Describe the National Can Company takeover.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write an essay on racial and religious discrimination. Using Milken's problems in his early years because he was Jewish, express your opinion about how discrimination overlooks individual value by blanket bias against whole groups of people.

Essay Topic 2

Write a paper about the shrinking world. In the 1980s, Drexel and Milken were able to do business from opposite sides of the continent by using telephone lines. Show in your paper how much easier it is to do business long distance. Give examples of how this is being done today.

Essay Topic 3

Write an essay about the importance of education for success in the business world. In the essay discuss how the idea is wrong that only a degree from certain universities is important. Besides Milken, list people who have become successful after graduating from lesser known universities.

(see the answer keys)

This section contains 1,130 words (approx. 4 pages at 300 words per page) View a FREE sample