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This quiz consists of 5 multiple choice and 5 short answer questions through Mergers and Acquisitions.

Multiple Choice Questions

1. Buffett avoids _________ share value to existing shareholders by true value for value merger, using stock as inflated currency.
(a) Increasing.
(b) Diluting.
(c) Dispersing.
(d) Stabilizing.

2. The question of an exchange of stock arose in 1983 during the merger of Berkshire and ____________.
(a) Blue Note.
(b) Wal-Mart.
(c) Coca-Cola.
(d) Blue Chip.

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

4. Some Berkshire insurance subsidiaries used _______ with its greater returns than to use Treasury Bils.
(a) Risky stocks.
(b) Mediation.
(c) Arbitrage.
(d) Investment games.

5. What is NOT one of the features that Buffett and Munger looked for in acquisition opportunities?
(a) Simple business.
(b) Consistent earnings power.
(c) Management in place.
(d) Good reputation.

Short Answer Questions

1. Buffett disliked _________ because of its leverage, according to the book.

2. Confusing ________ requirements were offset by the partners' willingness to report look-through earnings.

3. Value came from a fixed-income feature to set minimum value with __________ as a bonus.

4. All acquisition considerations were paid for in ________, according to the book's information.

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

(see the answer key)

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