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This quiz consists of 5 multiple choice and 5 short answer questions through Mergers and Acquisitions.

Multiple Choice Questions

1. What were the name of the bonds that Buffett seeks to promote through Berkshire?
(a) Zero-coupon.
(b) Angel.
(c) None.
(d) Junk.

2. Alternative investments were considered for __________ high quality investments when a preferable business could not be located.
(a) Basic.
(b) Short-term.
(c) Future.
(d) Long-term.

3. What is NOT one of the three excuses often given by an overpaying buyer, according to the book?
(a) Will be worth less in the future.
(b) Will be worth more in the future.
(c) The buyer must grow.
(d) Buyer's stock is undervalued.

4. Buffett stated that his position with any stock repurchase does not imply acceptance of _______, which he calls extortion.
(a) Blue chip mail.
(b) Blackmail.
(c) Greenmail.
(d) Redmail.

5. Berkshire kept the business operating after the acquisition, since it would already have successful ___________.
(a) Movement.
(b) Practices.
(c) Management.
(d) Debts.

Short Answer Questions

1. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

2. While Munger and Buffett were excited when they are in the process of acquiring a new business, they were also _________.

3. The partners were interested firms that are adapted to ______ times that could readily increase prices and scale up to a large volume with more capital.

4. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

5. What were the name of the bonds that were issued during WWI?

(see the answer key)

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