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This quiz consists of 5 multiple choice and 5 short answer questions through The Carpet Woman.

Multiple Choice Questions

1. What other kind of family-owned business did Buffet buy?
(a) another furniture store.
(b) advertising.
(c) grocery.
(d) jewelry.

2. Buffett would only consider investing in social projects if:
(a) he personally approved them.
(b) they showed a rate of return.
(c) he deemed it as a good cause.
(d) Susie approved them.

3. The Nebraska Furniture Mart was owned by:
(a) Isadore Blumkin.
(b) Seabury Stanton.
(c) Katherine Graham.
(d) Rose Blumkin.

4. Buffett began buying stocks:
(a) for partners.
(b) with bargain prices for Berkshire.
(c) for his own account.
(d) for the Buffett foundation.

5. After graduating from business school, Warren returned to Omaha to work for:
(a) Citi Bank.
(b) Proctor & Gamble.
(c) Buffett-Falk & Company.
(d) Omaha National Bank.

Short Answer Questions

1. How much did Buffett pay for Nebraska Furniture Mart?

2. Mrs. B built her furniture store into the biggest furniture store in the:

3. What industry did Buffett become interested in at this time?

4. The key question in the anti-trust suit was:

5. Why did the Buffetts move to New York in 1954?

(see the answer key)

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