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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. If a company wants to sell a subsidiary, what is the process?
(a) They must petition the SEC.
(b) To use only one investment banker.
(c) Go through lawyers.
(d) To contact several banks and accept the best pitch.

2. The summer between an MBA program is _________.
(a) A very relaxing time.
(b) Critical for discovering if one wants to live in New York City.
(c) A time to see family before starting the school year.
(d) Critical for finding a job.

3. What is discounted cash flow analysis?
(a) An invented way of undervaluing a company.
(b) The means of discounting items that are for sale.
(c) A way to count money.
(d) Profit margins are used to pump up the future value of a company.

4. According to the authors, what did the Wall Street Business machine do to new MBA graduates?
(a) Made them wealthy than they ever dreamed.
(b) Created monsters that were difficult to control.
(c) Turned them into indentured servants.
(d) Exposed them to the finer things in life.

5. What do investment banks no longer put up front to help the new business?
(a) Their lawyers opinions.
(b) Investor names.
(c) Their stock portfolios.
(d) Their own money.

Short Answer Questions

1. If a company is expect to grow by _______, it was a good buy.

2. Upon accepting the offer to DLJ, what were both Troob and Rolfe given?

3. What do junior vice presidents dream of?

4. What kind of firm was the investment bank that Rolfe and Troob were to work for?

5. In interviews, besides showing the personality of Troob and Rolfe, whose personalities were shown?

Short Essay Questions

1. Upon his return to Harvard, what type of recruiters visited Troob?

2. Unfortunately, for the associates, how did they usually learn that they had to bribe the copy center?

3. 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?

4. Why did Discounted Cash flow Analysis annoy Troob and Rolfe?

5. In the grand scheme of a large investment bank and the financial world, what importance does a single associate have?

6. Although the hours where very long, how did DLJ "thank" its associates for all their work?

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

8. What two things happen when managing directors brokers a deal with an outside company?

9. Why are senior vice presidents important to investment banks?

10. Usually what crazy activities happened at the DLJ holiday party?

(see the answer keys)

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