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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. What was the name of Warren Buffett's partner in the company they shared?
(a) Steve Jobs.
(b) Bill Gates.
(c) Lloyd Munger.
(d) Charlie Munger.

2. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.
(a) 50.
(b) 98.
(c) 99.
(d) 90.

3. How many primary holdings were permanent in the time of Buffett and Munger?
(a) Three.
(b) One.
(c) Two.
(d) Four.

4. What was the stock market value of the company in #49 when it was first purchased by Buffett?
(a) $300M.
(b) $500M.
(c) $100M.
(d) $250M.

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

Short Answer Questions

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

2. What was the title of Buffett's partner in the company they shared?

3. What was the one thing that Munger and Buffett would not address in their question sessions?

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

5. Popular theory at the time said that the market was totally efficient at _________ investment.

(see the answer key)

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