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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 many owner-related business principles were listed in this section of the book by Buffett?
(a) 25.
(b) 7.
(c) 10.
(d) 14.

2. Preferred firms must pay returns above ______ investments and be compatible with management.
(a) Future.
(b) Fixed-income.
(c) Mr. Market.
(d) Past.

3. The bonds that Buffett decides to buy in 1989 were thought to be ________, but turn out to be fallen angels.
(a) Priceless.
(b) Junk.
(c) Evil.
(d) Meaningless.

4. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.
(a) Updates.
(b) Reports.
(c) Meetings.
(d) Charts.

5. 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.
(a) Inflationary.
(b) Aggressive.
(c) Bloated.
(d) Recession.

Short Answer Questions

1. What were the name of the bonds that were issued during WWI?

2. Preferred stock is considered with _________ that Munger and Buffett like, admire, and trust.

3. Buffett avoids _________ share value to existing shareholders by true value for value merger, using stock as inflated currency.

4. What kind of pro told Buffett the piece of information that helped to guide them on the field?

5. If the buyer's stock was sold at less than intrinsic value, he bought with undervalued _________ and would suffer an unequal exchange.

(see the answer key)

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