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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

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

2. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 50.
(b) 20.
(c) 15.
(d) 12.

3. Buffett and Munger bought _________ companies the same way they might buy private companies.
(a) Public.
(b) Small.
(c) Large.
(d) Corporate.

4. When did Berkshire Hathaway begin as a textile company?
(a) 1956.
(b) 1967.
(c) Early 1800s.
(d) Early 1900s.

5. Buffett and his partner preferred to buy a company at a fair price at _______% interest.
(a) 100.
(b) 49.
(c) 99.
(d) 50.

Short Answer Questions

1. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.

2. The intrinsic business value goal was reached by ________, preferably 100% ownership of diverse business firms generating cash and above-average returns on capital.

3. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.

4. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

5. How many shareholders did Munger and Buffett pledge to provide fair and simultaneous reporting to?

(see the answer key)

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