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

Multiple Choice Questions

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

2. What did Buffett do that was different with Hochschild and Associated Cotton?
(a) bought the entire businesses.
(b) purchased small amounts.
(c) traded one business for another.
(d) purchased liquid sahres.

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

4. Warren worked on all of the following during this period:
(a) teaching in night school.
(b) the family grocery business.
(c) Buffett-Falk.
(d) a Dale Carnegie course.

5. What did the Courier-Star accuse the Evening News of?
(a) monopolistic practices.
(b) making deals with advertisers.
(c) poor reporting.
(d) lack of ethics.

Short Answer Questions

1. Studying under Graham allowed Warren to:

2. What course did Warren teach at the University of Omaha?

3. Ben Graham's specialty was:

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

5. What did Buffett advise his partners of in May 1967?

(see the answer key)

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