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This quiz consists of 5 multiple choice and 5 short answer questions through Salomon's Court.

Multiple Choice Questions

1. Capital Cities was a:
(a) big cable, broadcasting and publishing company.
(b) clothing company.
(c) real estate company.
(d) heavy equipment company.

2. Book value is:
(a) the value of a company's asset.
(b) what the market thinks a business is worth.
(c) capital invested in a business plus retained profits.
(d) the value of a company's stock.

3. Which of the following companies was the object of a hostile takeover in the 1980s?
(a) General Goods.
(b) Revlon.
(c) Time.
(d) Berkshire.

4. How many people worked at Berkshire's world headquarters:
(a) fifty.
(b) two hundred fifty.
(c) eleven.
(d) twenty seven.

5. Which of the following was not one of the permanent three in Berkshire's portfolio?
(a) GEICO.
(b) Cap Cities.
(c) IBM.
(d) Washington Post.

Short Answer Questions

1. The settlement of the public and private cases cost Salomon:

2. Why did Buffett refuse to financially support his adult children?

3. As a result of the stock market crash in October 1985, Berkshire:

4. The Evening News' rival newspaper was the:

5. The Efficient Market Theory was popular because it:

(see the answer key)

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