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

Multiple Choice Questions

1. How many shares each did the shareholders of the company have to have in order to be listed on the exchange?
(a) 500.
(b) 100.
(c) 1000.
(d) 200.

2. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.
(a) Authority.
(b) Supervisor.
(c) Responsibilities.
(d) Workers.

3. Owners were expected to conclude that retained _______ were better left in the corporation for reinvestment at a higher rate than paid out as dividends.
(a) Shares.
(b) Earnings.
(c) Values.
(d) Losses.

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

5. Buffett followed the simple rule that the same amount of intrinsic business value must be exchanged with each ________ transaction.
(a) Legal.
(b) Stock.
(c) Movement.
(d) Dividend.

Short Answer Questions

1. How many owner-related business principles were listed in this section of the book by Buffett?

2. How much was the company worth that Buffett and his partner created at the time of this book?

3. Berkshire management's goal was to acquire and to retain high quality __________.

4. Any new investment must use a lot of large amounts of _________, according to the book.

5. Preferred stock is considered with _________ that Munger and Buffett like, admire, and trust.

(see the answer key)

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