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This quiz consists of 5 multiple choice and 5 short answer questions through Alternatives to Common Stock.

Multiple Choice Questions

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

2. Buffett and Munger do not check _________'s manic depressive daily price quotes to validate their investment.
(a) Wall Street.
(b) Mr. Market.
(c) New York Times.
(d) Mr. Big.

3. Alternative investments were considered for __________ high quality investments when a preferable business could not be located.
(a) Long-term.
(b) Short-term.
(c) Future.
(d) Basic.

4. What was coined as the term for the amount of undiscovered embezzlement?
(a) Bezz.
(b) Bonding.
(c) Bezzle.
(d) Embezzling.

5. Which business did Munger and Buffett decide to close, despite their best efforts?
(a) Coca-Cola.
(b) GEICO.
(c) None.
(d) Textile.

Short Answer Questions

1. What did Berkshire do in the case of the zero-coupon bonds? They deducted ______ with no cash paid out.

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

3. Which of the partners had 99% of their net worth concentrated in Berkshire stock?

4. _________ were often unwilling to discuss the business issues during meetings.

5. A bond is _______ with regular payment of interest and repayment of principle.

(see the answer key)

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