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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 10, 'Drexel is like a God'.

Multiple Choice Questions

1. To troubled businesses, what was Drexel's unregistered exchange offer?
(a) a way of using stocks or bonds to meet the interest obligations
(b) trading under the table
(c) lowering their interest rates to businesses
(d) creating additional Chinese paper

2. To find more ways for their clients to make money, to what did Milken and Joseph turn their attention?
(a) mergers and acquisitions
(b) offshore banking
(c) financial planning
(d) entertainment properties

3. What was the result in 1974 when International Nickel Company raided ESB?
(a) junk bonds became passe
(b) Milken denounced the deal
(c) the beginning of many hostile raids
(d) no one was surprised

4. What was a cause of the market crash of 1974?
(a) stock prices soaring
(b) economic inflation in Asia
(c) a slow down of foreign business
(d) low prices and a lot of bargains among companies

5. What government regulation made it easier for multiple mergers in the 1980s?
(a) cuts in the minimum wage
(b) gauranteed loans for mergers
(c) a relaxation of antitrust restrictions
(d) deregulation of banks

Short Answer Questions

1. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?

2. What was Ichan able to do after he got a seat on the board of Tappan?

3. On May 12, 1986, who was charged with insider trading and agreed to cooperate with the government?

4. What was the object of gaining control of a company and sell off many of its divisions?

5. What was Fred Joseph's strategy for hiring employees for Drexel?

(see the answer key)

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