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

Multiple Choice Questions

1. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.
(a) Divestment.
(b) Recovery.
(c) Consolidation.
(d) Debt.

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

3. Berkshire's board included a controlling ________, in which other board members could persuade others to make changes.
(a) Outsider.
(b) Competitor.
(c) Owner.
(d) Shareholder.

4. Berkshire was a ________ corporation, as it was described in this section of the book.
(a) Shared.
(b) Co-owned.
(c) Private.
(d) Public.

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

Short Answer Questions

1. How many shareholders did Munger and Buffett pledge to provide fair and simultaneous reporting to?

2. How much was the company worth that Buffett and his partner created at the time of this book?

3. Substantial equity interest was NOT owned by one of the following companies.

4. Half of all major American companies match __________ donations of directors.

5. When did Berkshire Hathaway begin as a textile company?

(see the answer key)

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