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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. How did the associates justify the value of a company?
(a) Doing research of the company that is for sale.
(b) Math equations.
(c) Discussing the value with lawyers.
(d) Whatever creative methods he needed to use.

2. What do managing directors actually do?
(a) Make the lives of senior vice presidents miserable.
(b) Scour the market for business and make deals.
(c) Make money for finance bankers.
(d) Sit in their offices and spend money.

3. Who rarely visited the Bullpen?
(a) Analysts.
(b) Managing directors and senior vice presidents.
(c) Junior VPs.
(d) Normal associates.

4. While investment bankers jobs have stayed somewhat the same, what had changed?
(a) SEC regulations.
(b) Bankers have expanded their job capabilities.
(c) More people have access to the inside scoop.
(d) They no longer want to sell companies.

5. What do growing businesses need to expand?
(a) Gains and losses.
(b) Bonds.
(c) Capital.
(d) Stocks.

Short Answer Questions

1. What was a perk of being a senior vice president?

2. Who was the first MBA student to receive recruiters?

3. In investment banking, what continually happened?

4. As far as pitch books, who was very difficult to work for?

5. What happened if a company was overvalued by an investment banker?

Short Essay Questions

1. In an investment bank, how do analysts differ from associates?

2. What is remarkable about Les Newton?

3. How is the rest of a typical investment firm situated? Who comprises the upper sects of the company?

4. To recruiters looking for summer associates, what were masters students considered?

5. Why was it assumed that almost everyone would receive bonuses?

6. Above all else, what was important to Rolfe when he started working at DLJ?

7. How did Troob and Rolfe console themselves after they accepted their offers? Why was it necessary to come up with excuses to stay at DLJ?

8. Unfortunately for associates, what takes priority over any other job they might have been assigned?

9. While the summer associates worked very hard, how did they play hard?

10. Where do the summer associates work at the DLJ offices and who constantly communicates with them there?

(see the answer keys)

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