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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. When did Berkshire Hathaway begin as a textile company?
(a) 1967.
(b) Early 1900s.
(c) Early 1800s.
(d) 1956.

2. The board was ultimately responsible for any _______'s performance in the companies they held.
(a) Market.
(b) Worker.
(c) Shareholder.
(d) CEO.

3. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?
(a) $15,000 per share.
(b) $40,000 per share.
(c) $25,000 per share.
(d) $10,000 per share.

4. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Guides.
(b) Professors.
(c) Managers.
(d) Partners.

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

Short Answer Questions

1. Which business did Munger and Buffett decide to close, despite their best efforts?

2. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

3. Buffett and his partner preferred to buy a company at a fair price at _______% interest.

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

5. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.

(see the answer key)

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