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This quiz consists of 5 multiple choice and 5 short answer questions through Part 1: Chapter 4, Merge with Mike.

Multiple Choice Questions

1. Why did Drexel Burnham Lambert agree to let Milken move his operation at a cost of millions of dollars?
(a) Milken was then major stock holder in the company.
(b) Milken was responsible for almost all of the firm's profits.
(c) Milken threatened to leave.
(d) Milken had some inside information he could use in L. A.

2. What did Milken's involvement in this business do for him personally?
(a) He married a movie star.
(b) He became very wealthy.
(c) He was finally able to take the train.
(d) He finally gained respect from Burnham.

3. Who becomes Milken's ally and public face in 1974?
(a) Tubby Burnham
(b) Khun Loeb
(c) Fred Joseph
(d) Cary Grant

4. What benefit did Milken arrange for his low grade investment group for the next 14 years?
(a) half the profits
(b) higher salaries and larger offices
(c) extensive paid vacations
(d) 35% of the profits

5. Where did Milken and his wife buy a house?
(a) Beverley Hills
(b) Encino
(c) Santa Monica
(d) San Clemente

Short Answer Questions

1. Who moved to Los Angeles with Milken?

2. Who was Dr. Feelgood of Drexel?

3. By 1981, what was Drexel responsible for?

4. What advantage did Milken's kind of debt offer?

5. Why did Drexel have to separate from J. P. Morgan?

(see the answer key)

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