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This quiz consists of 5 multiple choice and 5 short answer questions through Common Stock.

Multiple Choice Questions

1. Berkshire was a ________ corporation, as it was described in this section of the book.
(a) Shared.
(b) Public.
(c) Co-owned.
(d) Private.

2. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?
(a) Munger.
(b) Smith.
(c) No one.
(d) Cunningham.

3. The different classes of stock allow _______ investors to still have value for the money they can spend.
(a) Short-term.
(b) Small.
(c) Large.
(d) Long-term.

4. What did Berkshire do in the case of the zero-coupon bonds? They deducted ______ with no cash paid out.
(a) Length of time to cash it out.
(b) Interest.
(c) Value.
(d) Shares.

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

Short Answer Questions

1. Buffett managed by ________-related business principles, according to the book.

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

3. A company might consider repurchasing _______ when it has available funds that are above long-term needs.

4. Some Berkshire insurance subsidiaries used _______ with its greater returns than to use Treasury Bils.

5. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.

(see the answer key)

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