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

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. Half of all major American companies match __________ donations of directors.
(a) Worker.
(b) Market.
(c) Stock.
(d) Charitable.

3. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.
(a) Trainings.
(b) Seminars.
(c) Personal notes.
(d) Annual reports.

4. Berkshire's board included a controlling ________, in which other board members could persuade others to make changes.
(a) Competitor.
(b) Outsider.
(c) Shareholder.
(d) Owner.

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

Short Answer Questions

1. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.

2. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

3. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

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

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

(see the answer key)

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