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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

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

2. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.
(a) Truth.
(b) Disclosure.
(c) Strategies.
(d) Purchases.

3. Many stocks had a _______, like Coca-Cola, but none have the same market share.
(a) Beta.
(b) Risk.
(c) Price.
(d) Manner.

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

5. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.
(a) Supervisor.
(b) Authority.
(c) Responsibilities.
(d) Workers.

Short Answer Questions

1. The permanent holdings at Berkshire were those that Buffett and Munger decided to keep, no matter what the _________ offered.

2. Munger and Buffett act like ________ when it comes to considering the economic prospects of the businesses they buy.

3. What was the title of Buffett in relation to his company?

4. How many owner-related business principles were listed in this section of the book by Buffett?

5. _________ were often unwilling to discuss the business issues during meetings.

(see the answer key)

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