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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. Buffett's ______ years of experience cause him to think that efficient times in the market do not constitute an efficient market.
(a) 15.
(b) 30.
(c) 63.
(d) 50.

2. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Beholden.
(b) Greater.
(c) More.
(d) Lesser.

3. In some cases, the benefits of partial ownership earnings may far outweigh the ________ acquisition cost.
(a) Value.
(b) Market.
(c) Fees and.
(d) Per-share.

4. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.
(a) Authority.
(b) Workers.
(c) Responsibilities.
(d) Supervisor.

5. The purchase of the company listed in #49 was influenced by whose investing principles?
(a) Warren Buffett.
(b) No one's.
(c) Ben Graham.
(d) Charlie Munger.

Short Answer Questions

1. How many shareholders did Munger and Buffett pledge to provide fair and simultaneous reporting to?

2. Popular theory at the time said that the market was totally efficient at _________ investment.

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

4. Buffett and Munger invested based on company operating results and not on ____________.

5. The permanent holdings at Berkshire were those that Buffett and Munger decided to keep, no matter what the _________ offered.

(see the answer key)

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