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

Multiple Choice Questions

1. The partners were also interested in firms that had extraordinary ________ talent exhibiting skillful executive achievement.
(a) Jumps.
(b) Management.
(c) Prices.
(d) Reports.

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

3. 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.

4. What was coined as the term for the amount of undiscovered embezzlement?
(a) Embezzling.
(b) Bezzle.
(c) Bezz.
(d) Bonding.

5. Berkshire Hathaway's insurance companies maintained how many permanent common stock holdings?
(a) Ten.
(b) Four.
(c) Five.
(d) Three.

Short Answer Questions

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

2. Which state was Buffett worried about in terms of its ability to create good investments for his company?

3. Berkshire is too well developed and managed to add intrinsic business value with new ___________ paid for with common stock.

4. How much profit did the new holding of Berkshire make for Buffett and Munger?

5. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

(see the answer key)

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