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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Governance.

Multiple Choice Questions

1. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.
(a) Purchases.
(b) Truth.
(c) Disclosure.
(d) Strategies.

2. What was the name of the bank that had substantial equity interest in Berkshire?
(a) Fifth Third.
(b) Wells Fargo.
(c) Bank of America.
(d) Chase.

3. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.
(a) Wells Fargo.
(b) GEICO.
(c) Berkshire.
(d) Coca-Cola.

4. How many owner-related business principles were listed in this section of the book by Buffett?
(a) 10.
(b) 25.
(c) 14.
(d) 7.

5. Buffett and his partner preferred to buy a company at a fair price at _______% interest.
(a) 49.
(b) 50.
(c) 99.
(d) 100.

Short Answer Questions

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

2. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.

3. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.

4. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?

5. Berkshire invested in companies with excellent economic prospects and outstanding __________.

(see the answer key)

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