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

Multiple Choice Questions

1. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.
(a) Meetings.
(b) Charts.
(c) Updates.
(d) Reports.

2. Berkshire was a ________ corporation, as it was described in this section of the book.
(a) Shared.
(b) Private.
(c) Public.
(d) Co-owned.

3. When did Berkshire Hathaway begin as a textile company?
(a) 1956.
(b) 1967.
(c) Early 1900s.
(d) Early 1800s.

4. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.
(a) Fourth.
(b) Third.
(c) Second.
(d) Dissolved.

5. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.
(a) Promise.
(b) Dividends.
(c) Value.
(d) Power.

Short Answer Questions

1. Half of all major American companies match __________ donations of directors.

2. What company did Buffett acquire in 1964, which he eventually grew into a large holding company?

3. The $70B enterprise that Buffett and his partner buy includes GEICO and ________ corporation.

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

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

(see the answer key)

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