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

Multiple Choice Questions

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

2. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 12.
(b) 15.
(c) 50.
(d) 20.

3. What was the initial book value of the company that Buffett and his partner acquired in 1964?
(a) $47.01.
(b) $19.46.
(c) $10.67.
(d) $35.00

4. Confusing ________ requirements were offset by the partners' willingness to report look-through earnings.
(a) Accounting.
(b) Stock.
(c) Tax.
(d) Market.

5. Most Berkshire _______ had their net worth invested primarily in the company.
(a) Shareholders.
(b) Workers.
(c) Secretaries.
(d) Directors.

Short Answer Questions

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

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

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

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

5. How many owner-related business principles were listed in this section of the book by Buffett?

(see the answer key)

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