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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 did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.
(a) Power.
(b) Value.
(c) Promise.
(d) Dividends.

2. Buffett and Munger bought _________ companies the same way they might buy private companies.
(a) Public.
(b) Corporate.
(c) Large.
(d) Small.

3. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?
(a) $40,000 per share.
(b) $10,000 per share.
(c) $25,000 per share.
(d) $15,000 per share.

4. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.
(a) 90.
(b) 99.
(c) 98.
(d) 50.

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

Short Answer Questions

1. Which business did Munger and Buffett decide to close, despite their best efforts?

2. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.

3. How many primary holdings were permanent in the time of Buffett and Munger?

4. The board was ultimately responsible for any _______'s performance in the companies they held.

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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