View a FREE sample

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

Multiple Choice Questions

1. Buffett claimed in the book that most Berkshire shareholders will hang onto their shares for ____________.
(a) A few years.
(b) Life.
(c) The time before retirement.
(d) Friends and family.

2. LBO operators benefitted from the use of ________ to reshuffle business, risk little of their own money to gain high fees, etc.
(a) Meetings.
(b) Debt.
(c) Reports.
(d) Downsizing.

3. Berkshire kept the business operating after the acquisition, since it would already have successful ___________.
(a) Management.
(b) Debts.
(c) Movement.
(d) Practices.

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

5. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Investment strategies.
(b) Personal business.
(c) Numbers.
(d) Nothing.

Short Answer Questions

1. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.

2. Buffett dismissed risk in his choices with his notion that falling __________ prices present an opportunity to buy.

3. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.

4. The bonds that Buffett decides to buy in 1989 were thought to be ________, but turn out to be fallen angels.

5. Which of the partners had 99% of their net worth concentrated in Berkshire stock?

(see the answer key)

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