View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Accounting and Valuation.

Multiple Choice Questions

1. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 12.
(b) 50.
(c) 15.
(d) 20.

2. How many shareholders did a business that wanted to be on the NYSE have to have?
(a) 10,000.
(b) 5000.
(c) 100.
(d) 2000.

3. Value came from a fixed-income feature to set minimum value with __________ as a bonus.
(a) Conversion.
(b) A strong management team.
(c) A good economy.
(d) A unique product.

4. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.
(a) Nothing.
(b) Capital.
(c) Dividends.
(d) Interest.

5. The partners were committed to providing and presenting a _______ business and ownership philosophy.
(a) Active.
(b) Consistent.
(c) Long-term.
(d) Powerful.

Short Answer Questions

1. What is NOT one of the features that Buffett and Munger looked for in acquisition opportunities?

2. LBO operators benefitted from the use of ________ to reshuffle business, risk little of their own money to gain high fees, etc.

3. How many primary holdings were permanent in the time of Buffett and Munger?

4. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.

5. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

(see the answer key)

This section contains 212 words (approx. 1 page at 300 words per page) View a FREE sample