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

Short Answer Questions

1. What company was a proxy fight that Carl Ichan lost?

2. What was a cause of the market crash of 1974?

3. Why was Milken so interested in low grade bonds?

4. What influenced Milken to become interested in low grade bond portfolios?

5. What did Carl Ichan become known as?

Short Essay Questions

1. Explain the beginnings of blind pools arranged by Milken.

2. Write about the relationship between Milken and Steve Wynn of the gambling industry.

3. How did HITS come about and what was it?

4. Discuss Carl Icahn's expertise in proxy fights.

5. How did Milken begin building his fortune?

6. How did Marshall Field attempt to fight Carl Icahn?

7. What was capturing Milken's interest in 1977?

8. Explain why Drexel did not become a publicly-traded company?

9. What happened that started the Merger & Acquisition craze in the late 1970s and early 1980s?

10. Give examples of people other than his staff who become quite wealthy following Milken's direction.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write a critique of The Predators' Ball. Include such things as how objective the author was in writing the book, how valuable it is for readers, and how well it was written for readability. Mention the people you would recommend that they read the book.

Essay Topic 2

Write an essay on the value of competition. Using the meteoric rise of Drexel in the junk bond business, note how the competition attempted to imitate its success. In your paper, discuss how competition leads to greater achievements and better products.

Essay Topic 3

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.

(see the answer keys)

This section contains 1,118 words (approx. 4 pages at 300 words per page) View a FREE sample