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

Multiple Choice Questions

1. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.
(a) Less than legal strategies.
(b) Risks.
(c) Carelessness.
(d) Pride.

2. What was the name of Warren Buffett's partner in the company they shared?
(a) Lloyd Munger.
(b) Charlie Munger.
(c) Bill Gates.
(d) Steve Jobs.

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

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

5. What was the title of Buffett's partner in the company they shared?
(a) CEO.
(b) Vice President.
(c) Vice-Chairman.
(d) Chairman.

Short Answer Questions

1. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.

2. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

3. The intrinsic business value goal was reached by ________, preferably 100% ownership of diverse business firms generating cash and above-average returns on capital.

4. When did Berkshire Hathaway begin as a textile company?

5. Which business did Munger and Buffett decide to close, despite their best efforts?

(see the answer key)

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