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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 goal of the partners was to maximize the real economic benefits, not just the number of ___________.
(a) Checks.
(b) Enterprises.
(c) Shares.
(d) Properties.

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

3. The question of an exchange of stock arose in 1983 during the merger of Berkshire and ____________.
(a) Coca-Cola.
(b) Wal-Mart.
(c) Blue Chip.
(d) Blue Note.

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

5. What were the name of the bonds that were issued during WWI?
(a) Series II.
(b) Series B.
(c) IRA.
(d) Series E.

Short Answer Questions

1. The partners were also interested in firms that had extraordinary ________ talent exhibiting skillful executive achievement.

2. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.

3. Confusing ________ requirements were offset by the partners' willingness to report look-through earnings.

4. How many owner-related business principles were listed in this section of the book by Buffett?

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

(see the answer key)

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