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

Multiple Choice Questions

1. Buffett and Munger invested based on company operating results and not on ____________.
(a) Price quotes.
(b) Shareholder opinion.
(c) The stock market.
(d) Profit margins.

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) No one.
(b) Cunningham.
(c) Munger.
(d) Smith.

3. What was the initial book value of the company that Buffett and his partner acquired in 1964?
(a) $47.01.
(b) $35.00
(c) $10.67.
(d) $19.46.

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

5. _________ were often unwilling to discuss the business issues during meetings.
(a) Managers.
(b) Shareholders.
(c) The board members.
(d) The salespeople.

Short Answer Questions

1. Ben Graham personified the market with the name ___________, to give it a more human side.

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

3. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.

4. The market was considered a business partner with incurable _______ problems, according to the book.

5. Buffett and Munger bought _________ companies the same way they might buy private companies.

(see the answer key)

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