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

Multiple Choice Questions

1. All acquisition considerations were paid for in ________, according to the book's information.
(a) Handshakes.
(b) Stocks.
(c) Trades.
(d) Cash.

2. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Guides.
(b) Partners.
(c) Managers.
(d) Professors.

3. Which of the partners had 99% of their net worth concentrated in Berkshire stock?
(a) Munger.
(b) Buffett.
(c) Both.
(d) Neither.

4. On the other hand, a zero bond may not require _________, but can be satisfied with pay in kind bonds.
(a) Interest payments.
(b) Legal help.
(c) Cashouts.
(d) Papers.

5. While Munger and Buffett were excited when they are in the process of acquiring a new business, they were also _________.
(a) Bored.
(b) Unhurried.
(c) Rational.
(d) Complacent.

Short Answer Questions

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

2. Berkshire was a ________ corporation, as it was described in this section of the book.

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

4. The bonds that Buffett decides to buy in 1989 were thought to be ________, but turn out to be fallen angels.

5. The question of an exchange of stock arose in 1983 during the merger of Berkshire and ____________.

(see the answer key)

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