View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What were Milken's results the first year in his new position at Drexel Burnham?

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

3. What was the result of changes in the investment banking industry in the 1970s?

4. Who are two examples of Milken clients who became quite wealthy?

5. What is sometimes the result of an LBO?

Short Essay Questions

1. Explain Milken's relationship with his staff.

2. Explain why Milken was the main subject of the Barbizon Plaza meeting.

3. Explain some of Drexel's problem clients in the early 1980s.

4. Tell something about Milken's first house in California.

5. Tell something about Fred Joseph and how he became known at Drexel.

6. How did they get around the SEC bond registration rules?

7. What was the subject of the meeting at the Barbizon Plaza in New York held by Fred Joseph?

8. What were some of Carl Icahn's problems after his successful TWA takeover?

9. How did Fred Joseph begin his goal of making Drexel a top notch firm in fifteen years?

10. Explain why Milken wanted to move his operation to Los Angeles.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write a paper on how manipulation of big business affects the common citizen. With mergers and acquisitions many people end up losing their jobs. When financial gambles go wrong, people's life savings are often affected. Your paper should discuss the responsibility of wealthy business people for the public welfare at large.

Essay Topic 2

Do some research and write a paper on Michael Milken's philanthropic work since his release from prison. Express if you think he shows a more human side to his personality now.

Essay Topic 3

Write an essay about social networking. Using Milken as an example, write an essay about the importance of having friends who work together to the benefit of everyone in the network. Apply the principle to your own life.

(see the answer keys)

This section contains 1,070 words (approx. 4 pages at 300 words per page) View a FREE sample