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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 did Wedvick find with a high investment-grade rating?

2. What did Milken take personally with his clients?

3. Why was the Technicolor acquisition so successful?

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

5. What did Drexel think about the Japanese acceptance of junk bonds used in takeovers?

Short Essay Questions

1. What role did LTV play in identifying a weakness in the junk market?

2. How was fear affecting Drexel during the investigations?

3. What were the results of the ongoing investigations of Drexel and Milken?

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

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

6. What was Ronald Perelman's purpose for acquiring Pantry Pride?

7. Describe the reason for Wedvick's problems with Atlantic Capital.

8. How did Drexel achieve god-like status with investors?

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

10. Describe the attempts to prevent Perelman's acquisition of Revlon.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Write an essay on personal values. Milken and his wife lived modestly and they did not flaunt their wealth. Milken appeared to be more interested in the game of making money than in the money itself. In your essay discuss what you think the relationship of money should be to one's personal values.

Essay Topic 2

Write a paper about the shrinking world. In the 1980s, Drexel and Milken were able to do business from opposite sides of the continent by using telephone lines. Show in your paper how much easier it is to do business long distance. Give examples of how this is being done today.

Essay Topic 3

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.

(see the answer keys)

This section contains 973 words (approx. 4 pages at 300 words per page) View a FREE sample