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

Multiple Choice Questions

1. What did a bondholder have to do with their bond if they decided to cash it in early?
(a) Transfer it back to the owner.
(b) Earn more.
(c) Pay interest.
(d) Nothing.

2. When did Berkshire Hathaway begin as a textile company?
(a) Early 1800s.
(b) Early 1900s.
(c) 1967.
(d) 1956.

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

4. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-rata.
(b) Pro-management.
(c) Pro-biotic.
(d) Pro-rate.

5. What was the name of the bond holdings that Buffett added to Berkshire in 1989?
(a) General Mills.
(b) Arrowhead.
(c) RJR Nabisco.
(d) Pepsi.

Short Answer Questions

1. Berkshire kept the business operating after the acquisition, since it would already have successful ___________.

2. Buffett managed by ________-related business principles, according to the book.

3. Popular theory at the time said that the market was totally efficient at _________ investment.

4. A purchased firm might have _______ that increases in value over time by the amount of inflation and successful operating results.

5. How many shares each did the shareholders of the company have to have in order to be listed on the exchange?

(see the answer key)

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