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

Multiple Choice Questions

1. Berkshire shareholders can be assured that the company _______ statements are accurate.
(a) Recommended.
(b) Honor.
(c) Financial.
(d) Holding.

2. Buffett stated that his position with any stock repurchase does not imply acceptance of _______, which he calls extortion.
(a) Redmail.
(b) Greenmail.
(c) Blackmail.
(d) Blue chip mail.

3. Berkshire Hathaway's insurance companies maintained how many permanent common stock holdings?
(a) Four.
(b) Five.
(c) Ten.
(d) Three.

4. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.
(a) Debt.
(b) Recovery.
(c) Divestment.
(d) Consolidation.

5. What is NOT one of the companies listed as having the management requirements that Buffett and Munger want to see?
(a) Champion.
(b) Wal-Mart.
(c) Salomon.
(d) USAir.

Short Answer Questions

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

2. Risk ___________ was defined as the pursuit of profits from anticipated events, according to the book.

3. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

4. Value came from a fixed-income feature to set minimum value with __________ as a bonus.

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

(see the answer key)

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