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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 LTV situation not affect Drexel?

2. What happened to the plan for moving to the Seven World Trade Center?

3. What could happen to Drexel with so much power vested in one man?

4. What was the result when many Drexel employees were not allowed into Milken's investment groups?

5. Who was James Grant?

Short Essay Questions

1. How did political connections aid Drexel?

2. Why did Milken play the role of enforcer?

3. State some of the details about Milken's being investigated for insider trading.

4. What was James Grant's position on where things would eventually lead in the credit cycle?

5. How was fear affecting Drexel during the investigations?

6. How did Milken disagree with the idea that liquidity was scarce?

7. Why did Sanford Sigoloff switch from Salomon Brothers to Drexel when he was acquiring Wickes?

8. How did Drexel achieve god-like status with investors?

9. Describe Milken's goals for the Asian markets.

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

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 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.

Essay Topic 3

Write an essay on the importance of ethics in business. Discuss how the practice of secrecy leads to unethical behavior. In the essay discuss business and government transparency as a necessary ingredient in ethical behavior. Bring it down to a personal level where people refrain from doing bad things because others will know about it.

(see the answer keys)

This section contains 1,042 words (approx. 4 pages at 300 words per page) View a FREE sample