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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 were issued during WWI?
(a) Series B.
(b) Series E.
(c) Series II.
(d) IRA.

2. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Personal business.
(b) Numbers.
(c) Nothing.
(d) Investment strategies.

3. Buffett disliked _________ because of its leverage, according to the book.
(a) Accounting.
(b) Banking.
(c) Stocks.
(d) Savings bonds.

4. What is NOT one of the features that Buffett and Munger looked for in acquisition opportunities?
(a) Consistent earnings power.
(b) Simple business.
(c) Management in place.
(d) Good reputation.

5. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.
(a) Business report.
(b) Business gathering.
(c) Business forum.
(d) Business trade show.

Short Answer Questions

1. Buffett stated that his position with any stock repurchase does not imply acceptance of _______, which he calls extortion.

2. Preferred firms must pay returns above ______ investments and be compatible with management.

3. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.

4. The board was ultimately responsible for any _______'s performance in the companies they held.

5. Alternative investments were considered for __________ high quality investments when a preferable business could not be located.

(see the answer key)

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