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

Multiple Choice Questions

1. Popular theory at the time said that the market was totally efficient at _________ investment.
(a) Value.
(b) Scattered.
(c) Purchasing.
(d) Pricing.

2. Half of all major American companies match __________ donations of directors.
(a) Market.
(b) Worker.
(c) Charitable.
(d) Stock.

3. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 50.
(b) 15.
(c) 12.
(d) 20.

4. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.
(a) Trainings.
(b) Personal notes.
(c) Annual reports.
(d) Seminars.

5. Generally, earnings were reported when classified by a company as more than _______ owned.
(a) 99%.
(b) 50%.
(c) 10%.
(d) 25%.

Short Answer Questions

1. What were the name of the bonds that Buffett seeks to promote through Berkshire?

2. What was the stock market value of the company in #49 when it was first purchased by Buffett?

3. Buffett admitted that issuing ________ in mergers cost shareholders money, according to the book.

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

5. What did the zero-coupon bonds not pay to the investor in the end?

(see the answer key)

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