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

Multiple Choice Questions

1. What is NOT one of the three excuses often given by an overpaying buyer, according to the book?
(a) Will be worth more in the future.
(b) Buyer's stock is undervalued.
(c) The buyer must grow.
(d) Will be worth less in the future.

2. What was the name of the bank that had substantial equity interest in Berkshire?
(a) Fifth Third.
(b) Bank of America.
(c) Wells Fargo.
(d) Chase.

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

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

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

Short Answer Questions

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

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

3. What was the name of the company that Buffett and Munger bought in 1973?

4. Risk ___________ was defined as the pursuit of profits from anticipated events, according to the book.

5. Buffett criticizes __________ market theory as be does not believe it to be a truth.

(see the answer key)

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