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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) Chairman.
(c) Vice President.
(d) CEO.

2. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?
(a) $25,000 per share.
(b) $40,000 per share.
(c) $15,000 per share.
(d) $10,000 per share.

3. Buffett claimed in the book that most Berkshire shareholders will hang onto their shares for ____________.
(a) The time before retirement.
(b) Friends and family.
(c) A few years.
(d) Life.

4. How much was the company worth that Buffett and his partner created at the time of this book?
(a) $70B.
(b) $10M.
(c) $5M.
(d) $30M.

5. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Beholden.
(b) Greater.
(c) Lesser.
(d) More.

Short Answer Questions

1. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.

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

3. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.

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

5. Buffett managed by ________-related business principles, according to the book.

(see the answer key)

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