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

Multiple Choice Questions

1. The content of the book was often used as a standard text at the Cardozo School of __________.
(a) Engineering.
(b) Medicine.
(c) Law.
(d) Business.

2. Any new investment must use a lot of large amounts of _________, according to the book.
(a) Meetings.
(b) Management.
(c) Energy.
(d) Capital.

3. In some cases, the benefits of partial ownership earnings may far outweigh the ________ acquisition cost.
(a) Per-share.
(b) Value.
(c) Fees and.
(d) Market.

4. What is NOT one of the features that Buffett and Munger looked for in acquisition opportunities?
(a) Consistent earnings power.
(b) Simple business.
(c) Good reputation.
(d) Management in place.

5. What kind of pro told Buffett the piece of information that helped to guide them on the field?
(a) Baseball.
(b) Golf.
(c) Football.
(d) Soccer.

Short Answer Questions

1. Berkshire was a ________ corporation, as it was described in this section of the book.

2. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.

3. Munger and Buffett act like ________ when it comes to considering the economic prospects of the businesses they buy.

4. During what year were the Berkshire shares to be traded on the New York Stock Exchange?

5. The partners were also interested in firms that had extraordinary ________ talent exhibiting skillful executive achievement.

(see the answer key)

This section contains 210 words (approx. 1 page at 300 words per page) View a FREE sample