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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. What was the title of Buffett in relation to his company?
(a) Vice-Chairman.
(b) President.
(c) Chairman.
(d) Owner.

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

3. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Nothing.
(b) Investment strategies.
(c) Numbers.
(d) Personal business.

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

5. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Professors.
(b) Guides.
(c) Managers.
(d) Partners.

Short Answer Questions

1. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.

2. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.

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

4. _________ were often unwilling to discuss the business issues during meetings.

5. Buffett and his partner preferred to buy a company at a fair price at _______% interest.

(see the answer key)

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