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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 17, The Humbling.

Multiple Choice Questions

1. Who paid $2-billion for the Metromedia television stations and their assets?
(a) Time-Warner
(b) Ted Turner
(c) Rupert Murdock
(d) Bill Gates

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

3. What did the Federal Home Loan Bank Board discover about what Spiegle at Columbia Savings and Loan was doing?
(a) manipulating his competitors out of business
(b) using Columbia Savings and Loan money to finance his own investments
(c) making fictitious home loans
(d) financing his junk bond purchases with federally insured funds

4. When were the tax laws changed to minimize the benefits of stripping?
(a) In 1991
(b) In 1990
(c) In 1982
(d) In 1989

5. What was Milken's problem with back office people at Drexel?
(a) He did not work well with Jewish people.
(b) He did not understand their work.
(c) He was less educated than they were.
(d) He could not communicate with them.

Short Answer Questions

1. What did Milken and Joseph devise to keep business flowing during the recession?

2. Who was behind the success of both First Executive and Columbia Savings?

3. Who made the contact for Wedvick with Kansa?

4. How was Joseph building his diversified team?

5. What was Drexel able to do that made it so successful?

(see the answer key)

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