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

Multiple Choice Questions

1. Warren educated himself in all but the following ways:
(a) reading business books.
(b) running his paper route.
(c) studying actuarial tables.
(d) attending night school.

2. The Nebraska Furniture Mart was owned by:
(a) Isadore Blumkin.
(b) Katherine Graham.
(c) Seabury Stanton.
(d) Rose Blumkin.

3. What did Warren vow after his involvement with Dempster?
(a) he wanted to start a new company.
(b) he liked the experience.
(c) he would never lay off people again.
(d) he wanted to be a liquidator.

4. After graduating from business school, Warren returned to Omaha to work for:
(a) Omaha National Bank.
(b) Citi Bank.
(c) Proctor & Gamble.
(d) Buffett-Falk & Company.

5. What did Warren do with some of the profits from his paper route?
(a) bought AT&T stock.
(b) bought a car.
(c) vacationed in Miami.
(d) bought forty acres of Nebraska farmland.

Short Answer Questions

1. What bad investment did Warren make at this time?

2. What industry did Buffett become interested in at this time?

3. Buffett's new worth was approximately:

4. How many partnerships was Warren running by the end of his first year?

5. What term is used to denote risk?

(see the answer key)

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