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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. What was the largest bankruptcy in 1986?

2. Who did Joseph hire with a three-year contract calling for $3 million per year plus extras?

3. What was Perelman planning to do when he took over Pantry Pride in 1985?

4. What made Drexel's troubles even worse after Boesky Day?

5. How did Perelman acquire Technicolor?

Short Essay Questions

1. How and why did Milken avoid personal publicity?

2. What role did LTV play in identifying a weakness in the junk market?

3. How was Drexel involved in the Ivan Boesky charges?

4. Tell something of the anticipation associated with SEC and FBI investigations into Drexel and Milken.

5. What were some of the detractors of LTOs saying about the practice in the 1980s?

6. Before Revlon, what had been Perelman's biggest success?

7. How did Peer Wedvick satisfy his need for an institution with a high investment-grade rating?

8. How did Milken's power in the industry benefit Drexel?

9. Why did Milken play the role of enforcer?

10. How did political connections aid Drexel?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Do some research and write a paper on how bonds are rated by Standard and Poors. Explain how the ratings reflect the level of risk involved. Give specific examples of high-risk and low-risk bonds.

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 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.

(see the answer keys)

This section contains 973 words (approx. 4 pages at 300 words per page) View a FREE sample