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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. The permanent holdings at Berkshire were those that Buffett and Munger decided to keep, no matter what the _________ offered.
(a) Options.
(b) Price.
(c) Value.
(d) Name.

2. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.
(a) Coca-Cola.
(b) GEICO.
(c) Berkshire.
(d) Wells Fargo.

3. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.
(a) Business report.
(b) Business gathering.
(c) Business forum.
(d) Business trade show.

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

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

Short Answer Questions

1. The board was ultimately responsible for any _______'s performance in the companies they held.

2. Buffett and Munger saw themselves as general _______ responsible to other shareholders.

3. Buffett's ______ years of experience cause him to think that efficient times in the market do not constitute an efficient market.

4. What was the name of the bank that had substantial equity interest in Berkshire?

5. Berkshire invested in companies with excellent economic prospects and outstanding __________.

(see the answer key)

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