View a FREE sample

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

Multiple Choice Questions

1. What was the name of Warren Buffett's partner in the company they shared?
(a) Steve Jobs.
(b) Bill Gates.
(c) Lloyd Munger.
(d) Charlie Munger.

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

3. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.
(a) 98.
(b) 90.
(c) 99.
(d) 50.

4. The content of the book was often used as a standard text at the Cardozo School of __________.
(a) Medicine.
(b) Engineering.
(c) Law.
(d) Business.

5. What was the name of the company that Buffett and Munger bought in 1973?
(a) Florida Gazette.
(b) New York Times.
(c) Chicago Tribune.
(d) Washington Post.

Short Answer Questions

1. How many shares each did the shareholders of the company have to have in order to be listed on the exchange?

2. While Munger and Buffett were excited when they are in the process of acquiring a new business, they were also _________.

3. Most Berkshire _______ had their net worth invested primarily in the company.

4. Buffett and Munger continue to offer _______ for value trade in the acquisition process, as it seems fair to all parties.

5. The purchase of the company listed in #49 was influenced by whose investing principles?

(see the answer key)

This section contains 210 words (approx. 1 page at 300 words per page) View a FREE sample