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

Multiple Choice Questions

1. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.
(a) Business forum.
(b) Business trade show.
(c) Business report.
(d) Business gathering.

2. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?
(a) Smith.
(b) Cunningham.
(c) No one.
(d) Munger.

3. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?
(a) Charlie Munger.
(b) Himself.
(c) No one.
(d) Ben Graham.

4. Substantial equity interest was NOT owned by one of the following companies.
(a) Coca-Cola.
(b) GEICO.
(c) Gillette.
(d) American Express.

5. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.
(a) Business.
(b) Intrinsic.
(c) World.
(d) Market.

Short Answer Questions

1. Most Berkshire _______ had their net worth invested primarily in the company.

2. Confusing ________ requirements were offset by the partners' willingness to report look-through earnings.

3. The content of the book was often used as a standard text at the Cardozo School of __________.

4. Berkshire was a ________ corporation, as it was described in this section of the book.

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

(see the answer key)

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