View a FREE sample

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

Multiple Choice Questions

1. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.
(a) Nothing.
(b) Interest.
(c) Dividends.
(d) Capital.

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

3. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Nothing.
(b) Numbers.
(c) Investment strategies.
(d) Personal business.

4. Preferred firms must pay returns above ______ investments and be compatible with management.
(a) Mr. Market.
(b) Future.
(c) Fixed-income.
(d) Past.

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

Short Answer Questions

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

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

3. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.

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

5. The purchase of the company listed in #49 was influenced by whose investing principles?

(see the answer key)

This section contains 188 words (approx. 1 page at 300 words per page) View a FREE sample