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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. How many shareholders did Munger and Buffett pledge to provide fair and simultaneous reporting to?
(a) 50%.
(b) 15,000.
(c) 10.
(d) 300,000.

2. _________ can be foolish, according to the lessons in this chapter, foolhardy even, or just be fooling buyers and sellers.
(a) Buffett.
(b) Mr. Market.
(c) Smith.
(d) Mr. Big.

3. The intrinsic business value goal was reached by ________, preferably 100% ownership of diverse business firms generating cash and above-average returns on capital.
(a) Direct.
(b) Passive.
(c) Indirect.
(d) Prominent.

4. What was the title of Buffett's partner in the company they shared?
(a) Chairman.
(b) Vice-Chairman.
(c) CEO.
(d) Vice President.

5. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-management.
(b) Pro-rata.
(c) Pro-rate.
(d) Pro-biotic.

Short Answer Questions

1. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.

2. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.

3. What was the name of Warren Buffett's partner in the company they shared?

4. Half of all major American companies match __________ donations of directors.

5. In some cases, the benefits of partial ownership earnings may far outweigh the ________ acquisition cost.

(see the answer key)

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