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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 II.
(b) IRA.
(c) Series E.
(d) Series B.

2. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.
(a) Authority.
(b) Workers.
(c) Responsibilities.
(d) Supervisor.

3. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.
(a) Dissolved.
(b) Fourth.
(c) Third.
(d) Second.

4. What was the piece of advice that Buffett took to heart from the athlete?
(a) Practice makes perfect.
(b) Practice makes permanent.
(c) Practice makes permitted.
(d) Perfect makes practice.

5. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Research.
(b) Information.
(c) Shareholders.
(d) Funding.

Short Answer Questions

1. Buffett admitted that issuing ________ in mergers cost shareholders money, according to the book.

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

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

4. If the buyer's stock was sold at less than intrinsic value, he bought with undervalued _________ and would suffer an unequal exchange.

5. Half of all major American companies match __________ donations of directors.

(see the answer key)

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