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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

1. Popular theory at the time said that the market was totally efficient at _________ investment.
(a) Value.
(b) Scattered.
(c) Pricing.
(d) Purchasing.

2. The board was ultimately responsible for any _______'s performance in the companies they held.
(a) Shareholder.
(b) CEO.
(c) Worker.
(d) Market.

3. What was the name of the company that Buffett and Munger bought in 1973?
(a) Chicago Tribune.
(b) New York Times.
(c) Washington Post.
(d) Florida Gazette.

4. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.
(a) Interest.
(b) Nothing.
(c) Capital.
(d) Dividends.

5. Buffett and his partner preferred to buy a company at a fair price at _______% interest.
(a) 99.
(b) 49.
(c) 100.
(d) 50.

Short Answer Questions

1. What was the initial book value of the company that Buffett and his partner acquired in 1964?

2. Buffett's ______ years of experience cause him to think that efficient times in the market do not constitute an efficient market.

3. What company did Buffett acquire in 1964, which he eventually grew into a large holding company?

4. Buffett criticizes __________ market theory as be does not believe it to be a truth.

5. The margin of ________ was the cornerstone of investment success, according to Graham.

(see the answer key)

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