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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 12, Milken's Money Machine.

Multiple Choice Questions

1. How did Milken decide to help Peltz?
(a) by advision him how to avoid bankruptcy
(b) by underwriting $100 million in junk bonds for Triangle
(c) by making him a partner in his bond business
(d) by loaning him $10 million from his personal fortune

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

3. Who made the acquisition in the American Natural Resources (ANR) case?
(a) Oscar Wyatt and Coastal Corporation
(b) Fred Joseph and Drexel
(c) Ted Turner and TNT
(d) J. P. Morgan and Chase Manhattan

4. What did the 1985 President's Council of Economic Advisers report on the issue of M&A conclude?
(a) that they were very beneficial for the economy
(b) that it was too small a matter to be concerned with
(c) that more study needed to be done
(d) that M&A was written into the Constitution

5. What was Ichan able to do after he got a seat on the board of Tappan?
(a) He maneuvered the sale of the company to AB Electrolux.
(b) He took over running the company.
(c) He prevented the company from being taken over.
(d) He was able to raise the stock prices.

Short Answer Questions

1. How did Perelman acquire Technicolor?

2. Where did Milken want to move his bond operation unit in 1978?

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

4. What kind of business did Milken's Belvedere Securities do?

5. What did Drexel think about the Japanese acceptance of junk bonds used in takeovers?

(see the answer key)

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