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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. Buffett criticizes __________ market theory as be does not believe it to be a truth.
(a) Effective.
(b) Erasing.
(c) Eradicant.
(d) Efficient.

2. What company did Buffett acquire in 1964, which he eventually grew into a large holding company?
(a) Berkshire.
(b) Microsoft.
(c) Wal-Mart.
(d) Textile.

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

4. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Nothing.
(b) Numbers.
(c) Personal business.
(d) Investment strategies.

5. Buffett and Munger do not check _________'s manic depressive daily price quotes to validate their investment.
(a) Wall Street.
(b) Mr. Big.
(c) Mr. Market.
(d) New York Times.

Short Answer Questions

1. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.

2. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.

3. What was the name of the company that Buffett and Munger bought in 1973?

4. What was the title of Buffett in relation to his company?

5. Buffett and Munger saw themselves as general _______ responsible to other shareholders.

(see the answer key)

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