2. Why did Buffett refuse to financially support his adult children?
(a) he was angry with them.
(b) he was too cheap.
(c) he had other uses for his money.
(d) he wanted them to lead normal, independent lives.

3. When Gutfreund resigned:
(a) the company went out of business.
(b) a massive fraud was uncovered.
(c) he was indicted.
(d) Warren Buffett stepped in as CEO.

4. Buffett's role in protecting certain CEOs from takeovers was referred to as:
(a) redmail.
(b) greenmail.
(c) whitemail.
(d) blackmail.

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

6. Warren's philosophy for purchasing stocks included all but:
(a) decent stock price.
(b) favorable long-term prospects.
(c) anticipation of short-term price movements.
(d) honest and competent management.

7. When Buffett is described as a gorilla, it refers to:
(a) his manner of negotiation.
(b) his protecting CEOs from a takeover.
(c) none of the above.
(d) his gruff manner.

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

9. Buffett wanted his money to be used for:
(a) his children.
(b) social good.
(c) whatever he wanted.
(d) whatever Susie wanted.

10. Susie's absence made life:
(a) difficult for Warren.
(b) made Warren happier.
(c) game Warren more freedom.
(d) made Warren more self-sufficient.

11. Who handled Berkshire's investments:
(a) his staff of fourteen traders.
(b) Charlie Munger.
(c) Buffett and Bill Scott.
(d) Buffett alone.

12. Berkshire was most active in:
(a) promoting auto insurance.
(b) door to door policy selling.
(c) reinsurance.
(d) business insurance.

13. Which investment banking firm did Buffett invest in?
(a) Merrill Lynch.
(b) J.P. Morgan.
(c) Salomon.
(d) Smith Barney.

14. Daughter Susie moved back to Omaha when:
(a) her husband became the manager of the Buffet Foundation.
(b) Warren offered her money.
(c) she divorced her husband.
(d) she became ill.

15. In Congressional testimony, Buffett makes it clear that:
(a) he would tolerate no wrong doing at Salamon.
(b) he would not cooperate with the government.
(c) he wanted the perpetrators of the crime prosecuted.
(d) he wanted the charges dropped.