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This quiz consists of 5 multiple choice and 5 short answer questions through Alternatives to Common Stock.

Multiple Choice Questions

1. How many owner-related business principles were listed in this section of the book by Buffett?
(a) 14.
(b) 25.
(c) 10.
(d) 7.

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

3. _________ can be foolish, according to the lessons in this chapter, foolhardy even, or just be fooling buyers and sellers.
(a) Mr. Big.
(b) Smith.
(c) Buffett.
(d) Mr. Market.

4. What was the stock market value of the company in #49 when it was first purchased by Buffett?
(a) $500M.
(b) $100M.
(c) $250M.
(d) $300M.

5. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.
(a) Updates.
(b) Reports.
(c) Meetings.
(d) Charts.

Short Answer Questions

1. Most Berkshire _______ had their net worth invested primarily in the company.

2. The purchase of the company listed in #49 was influenced by whose investing principles?

3. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.

4. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.

5. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.

(see the answer key)

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