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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. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Greater.
(b) Lesser.
(c) More.
(d) Beholden.

2. What was the title of Buffett in relation to his company?
(a) Chairman.
(b) Owner.
(c) Vice-Chairman.
(d) President.

3. What was the name of Warren Buffett's partner in the company they shared?
(a) Steve Jobs.
(b) Charlie Munger.
(c) Bill Gates.
(d) Lloyd Munger.

4. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 15.
(b) 20.
(c) 12.
(d) 50.

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

Short Answer Questions

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

2. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.

3. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.

4. Munger and Buffett act like ________ when it comes to considering the economic prospects of the businesses they buy.

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

(see the answer key)

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