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

Multiple Choice Questions

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

2. What was the name of the bank that had substantial equity interest in Berkshire?
(a) Chase.
(b) Bank of America.
(c) Fifth Third.
(d) Wells Fargo.

3. The $70B enterprise that Buffett and his partner buy includes GEICO and ________ corporation.
(a) GE Re.
(b) Apple.
(c) Microsoft.
(d) General Mills.

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

5. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.
(a) Pride.
(b) Risks.
(c) Carelessness.
(d) Less than legal strategies.

Short Answer Questions

1. What was the title of Buffett in relation to his company?

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

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

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

5. When did Berkshire Hathaway begin as a textile company?

(see the answer key)

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