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

2. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-management.
(b) Pro-biotic.
(c) Pro-rata.
(d) Pro-rate.

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

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

5. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.
(a) Workers.
(b) Authority.
(c) Responsibilities.
(d) Supervisor.

Short Answer Questions

1. What was the name of Warren Buffett's partner in the company they shared?

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

3. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.

4. _________ were often unwilling to discuss the business issues during meetings.

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

(see the answer key)

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