View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Accounting and Valuation.

Multiple Choice Questions

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

2. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Research.
(b) Funding.
(c) Shareholders.
(d) Information.

3. The market was considered a business partner with incurable _______ problems, according to the book.
(a) Investment.
(b) Banking.
(c) Spiritual.
(d) Emotional.

4. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Guides.
(b) Managers.
(c) Partners.
(d) Professors.

5. Buffett claimed in the book that most Berkshire shareholders will hang onto their shares for ____________.
(a) A few years.
(b) The time before retirement.
(c) Friends and family.
(d) Life.

Short Answer Questions

1. Berkshire management's goal was to acquire and to retain high quality __________.

2. Buffett criticizes __________ market theory as be does not believe it to be a truth.

3. Substantial equity interest was NOT owned by one of the following companies.

4. What did a bondholder have to do with their bond if they decided to cash it in early?

5. The purchase of the company listed in #49 was influenced by whose investing principles?

(see the answer key)

This section contains 195 words (approx. 1 page at 300 words per page) View a FREE sample