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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. What was the subject of debate in the mid 1980s during the M&A onslaught?
(a) the economic advantages of takeovers
(b) the dangers of over growth
(c) the cash flow of takeovers
(d) the legality of hostile takeovers

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

3. What influenced Milken to become interested in low grade bond portfolios?
(a) the Hickman study, an analysis of bond yields
(b) an unexpected profit from his own low grade bonds
(c) the Morgan report on bond yields
(d) a course he took at Wharton

4. Who was another player involved in the National Can takeover attempt?
(a) Victor Posner
(b) Gerald Guteman
(c) Lowell Milken
(d) Oscar Wyatt

5. What did Joseph need to achieve his goal of making Drexel a world-class institution?
(a) to get into M&A
(b) to mastermind an M&A for Drexel
(c) to stop dealing in junk bonds
(d) to learn the definition of leveraged buyouts

Short Answer Questions

1. What was the largest bankruptcy in 1986?

2. What is it called when someone holds a financial advantage over a company to force a sale?

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

4. How was Joseph building his diversified team?

5. By 1981, what was Drexel responsible for?

(see the answer key)

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