View a FREE sample

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

Multiple Choice Questions

1. Which of the partners had 99% of their net worth concentrated in Berkshire stock?
(a) Munger.
(b) Buffett.
(c) Both.
(d) Neither.

2. Below investment grade bonds are generally called ________, since they are able to be transformed.
(a) Caterpillars.
(b) Demons.
(c) Fallen angels.
(d) Junky bonds.

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

4. Buffett and Munger believed that investors should pay attention to business results, not __________.
(a) Market fluctuations.
(b) Other shareholders.
(c) Their reports.
(d) Market prices.

5. Ben Graham personified the market with the name ___________, to give it a more human side.
(a) Mr. Market.
(b) Mr. Big.
(c) Sir Market.
(d) The Market Man.

Short Answer Questions

1. Which state was Buffett worried about in terms of its ability to create good investments for his company?

2. Buffett made distinctions in ________ policy to account or differences in earnings, according to the book.

3. The _______ doesn't feel poorer when the embezzler is getting richer.

4. Preferred firms must pay returns above ______ investments and be compatible with management.

5. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.

(see the answer key)

This section contains 200 words (approx. 1 page at 300 words per page) View a FREE sample