Buffett: The Making of an American Capitalist Test | Final Test - Easy

Roger Lowenstein
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. The Efficient Market Theory says that:
(a) stock prices will rise.
(b) prices can be influenced.
(c) prices reflect information.
(d) stock prices will fall.

2. Which of the following companies was the object of a hostile takeover in the 1980s?
(a) Time.
(b) General Goods.
(c) Berkshire.
(d) Revlon.

3. At the end of 1986, the approximate share price of Berkshire was?
(a) $950.
(b) $275.
(c) $1,500.
(d) $3,000.

4. Buffet's view of stock index futures was:
(a) they should be abandoned.
(b) he relied on them.
(c) they would lead to excess speculation.
(d) they would benefit the market.

5. Buffett appeared on:
(a) This is our Life.
(b) What's My Line.
(c) Johnny Carson.
(d) Lifestyles of the Rich and Famous.

6. Susie's absence made life:
(a) made Warren more self-sufficient.
(b) difficult for Warren.
(c) game Warren more freedom.
(d) made Warren happier.

7. Salomon grew from 1955 on when they announced:
(a) partners would leave their capital in the firm.
(b) they were purchased by J.P. Morgan.
(c) they went public.
(d) they would ac cept no new partners.

8. Regarding his textile mills, in the early 1980s, Buffett:
(a) made large capital investments.
(b) sold them.
(c) continued to operate at a loss.
(d) closed them.

9. Buffett wanted his money to be used for:
(a) whatever he wanted.
(b) social good.
(c) his children.
(d) whatever Susie wanted.

10. Which of the following was not a reason why Warren didn't move to Southern California?
(a) he would have to leave his long-time secretary.
(b) he didn't want to leave the familiarity of Omaha.
(c) he would have to change his routine.
(d) his anger at Susie.

11. With zero-coupon bond, the borrower:
(a) defers the interest payments.
(b) has no interest payments.
(c) pays the interest in less than a year.
(d) makes regular interest payments.

12. What other kind of family-owned business did Buffet buy?
(a) grocery.
(b) jewelry.
(c) advertising.
(d) another furniture store.

13. When Gutfreund resigned:
(a) the company went out of business.
(b) a massive fraud was uncovered.
(c) he was indicted.
(d) Warren Buffett stepped in as CEO.

14. In Congressional testimony, Buffett makes it clear that:
(a) he wanted the perpetrators of the crime prosecuted.
(b) he wanted the charges dropped.
(c) he would tolerate no wrong doing at Salamon.
(d) he would not cooperate with the government.

15. Capital Cities was a:
(a) real estate company.
(b) heavy equipment company.
(c) big cable, broadcasting and publishing company.
(d) clothing company.

Short Answer Questions

1. The Treasure sells bonds to:

2. The head of Salomon was:

3. Buffett looked for stocks:

4. By the end of 1988, the Berkshire share price was approximately?

5. Warren's philosophy for purchasing stocks included all but:

(see the answer keys)

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