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

Multiple Choice Questions

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

2. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.
(a) 90.
(b) 98.
(c) 99.
(d) 50.

3. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Numbers.
(b) Nothing.
(c) Personal business.
(d) Investment strategies.

4. 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.

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

Short Answer Questions

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

2. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

3. What was the initial book value of the company that Buffett and his partner acquired in 1964?

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

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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