View a FREE sample

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

Multiple Choice Questions

1. In 1992, what did the Berkshire per share stock price increase past?
(a) $20,000.
(b) $10,000.
(c) $30,000.
(d) $25,000.

2. What is NOT one of the companies listed as having the management requirements that Buffett and Munger want to see?
(a) Wal-Mart.
(b) USAir.
(c) Champion.
(d) Salomon.

3. Which state was Buffett worried about in terms of its ability to create good investments for his company?
(a) Illinois.
(b) Hawaii.
(c) Alabama.
(d) California.

4. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Managers.
(b) Professors.
(c) Partners.
(d) Guides.

5. Buffett and Munger did not operate a strategic plan for __________ but compare opportunities against passive investments.
(a) Stockholders.
(b) Buyouts.
(c) Acquisitions.
(d) Reports.

Short Answer Questions

1. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.

2. What was the name of the bond holdings that Buffett added to Berkshire in 1989?

3. Buffett admitted that issuing ________ in mergers cost shareholders money, according to the book.

4. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.

5. The partners were committed to providing and presenting a _______ business and ownership philosophy.

(see the answer key)

This section contains 189 words (approx. 1 page at 300 words per page) View a FREE sample