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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. Who was James Grant?

2. What did Bergerac's associates tell him about Perelman?

3. What had been Perelman's greatest acquisition before Revlon?

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

5. For whose benefit were most of the investment partnerships?

Short Essay Questions

1. Describe Milken's goals for the Asian markets.

2. Tell something of the anticipation associated with SEC and FBI investigations into Drexel and Milken.

3. What was James Grant's position on where things would eventually lead in the credit cycle?

4. How did Peer Wedvick satisfy his need for an institution with a high investment-grade rating?

5. Why were other investment firms not as successful as Drexel?

6. Why did Milken play the role of enforcer?

7. Why did Sanford Sigoloff switch from Salomon Brothers to Drexel when he was acquiring Wickes?

8. How was Drexel involved in the Ivan Boesky charges?

9. How was favoritism shown at Drexel?

10. How did political connections aid Drexel?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write an essay on racial and religious discrimination. Using Milken's problems in his early years because he was Jewish, express your opinion about how discrimination overlooks individual value by blanket bias against whole groups of people.

Essay Topic 2

Write an essay on the importance of ethics in business. Discuss how the practice of secrecy leads to unethical behavior. In the essay discuss business and government transparency as a necessary ingredient in ethical behavior. Bring it down to a personal level where people refrain from doing bad things because others will know about it.

Essay Topic 3

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.

(see the answer keys)

This section contains 934 words (approx. 4 pages at 300 words per page) View a FREE sample