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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. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 12.
(b) 20.
(c) 15.
(d) 50.

2. The permanent holdings at Berkshire were those that Buffett and Munger decided to keep, no matter what the _________ offered.
(a) Options.
(b) Name.
(c) Value.
(d) Price.

3. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?
(a) Himself.
(b) Ben Graham.
(c) No one.
(d) Charlie Munger.

4. The market was considered a business partner with incurable _______ problems, according to the book.
(a) Spiritual.
(b) Banking.
(c) Emotional.
(d) Investment.

5. Berkshire invested in companies with excellent economic prospects and outstanding __________.
(a) Managers.
(b) Ideas.
(c) Websites.
(d) Stock prices.

Short Answer Questions

1. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

2. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.

3. How many owner-related business principles were listed in this section of the book by Buffett?

4. What was the title of Buffett's partner in the company they shared?

5. The $70B enterprise that Buffett and his partner buy includes GEICO and ________ corporation.

(see the answer key)

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