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

Multiple Choice Questions

1. Mrs. B began in the furniture business by:
(a) selling furniture out of her basement.
(b) buying a small furniture store and selling it.
(c) working as a clerk in a furniture store in Omaha.
(d) working in her father's store in Minsk.

2. Why did the Buffetts move to New York in 1954?
(a) Warren wanted to find a job.
(b) Buffett accepted a job at Graham-Newman.
(c) Buffett wanted to work at the New York Stock Exchange.
(d) Warren wanted a wider customer base.

3. Mrs. B built her furniture store into the biggest furniture store in the:
(a) state.
(b) country.
(c) midwest.
(d) city.

4. Warren made big profits by engaging in a practice known as:
(a) back room trading.
(b) arbitrage.
(c) leveraged buyouts.
(d) stock splitting.

5. Buffett told his partners all but the following:
(a) he would not act as their financial counsel.
(b) he recommended Sequoia Fund.
(c) he could help place their money in municipal bonds.
(d) he would continue to manage their money.

Short Answer Questions

1. Regarding his textile mills, in the early 1980s, Buffett:

2. Buffett began buying stocks:

3. As a result of the end of the Go Go era:

4. When did Buffett and Munger buy the Buffalo Evening News?

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

(see the answer key)

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