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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 much profit did the new holding of Berkshire make for Buffett and Munger?
(a) $500M.
(b) $250M.
(c) $100M.
(d) $150M.

2. Many stocks had a _______, like Coca-Cola, but none have the same market share.
(a) Beta.
(b) Price.
(c) Manner.
(d) Risk.

3. The board was ultimately responsible for any _______'s performance in the companies they held.
(a) Market.
(b) CEO.
(c) Shareholder.
(d) Worker.

4. Buffett and Munger described the acquisition process as being akin to finding a ________.
(a) Gold mine.
(b) Spouse.
(c) Promised land.
(d) New toy.

5. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.
(a) Value.
(b) Power.
(c) Promise.
(d) Dividends.

Short Answer Questions

1. Buffett and Munger believed that marketability and __________ were two terms that increased the likelihood of turnover.

2. What was the initial book value of the company that Buffett and his partner acquired in 1964?

3. The partners were interested firms that are adapted to ______ times that could readily increase prices and scale up to a large volume with more capital.

4. What was the name of Warren Buffett's partner in the company they shared?

5. The partners were also interested in firms that had extraordinary ________ talent exhibiting skillful executive achievement.

(see the answer key)

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