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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 Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Information.
(b) Funding.
(c) Shareholders.
(d) Research.

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

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

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

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

Short Answer Questions

1. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?

2. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

3. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.

4. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.

5. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

(see the answer key)

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