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

Multiple Choice Questions

1. How much was the company worth that Buffett and his partner created at the time of this book?
(a) $30M.
(b) $70B.
(c) $5M.
(d) $10M.

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

3. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.
(a) Carelessness.
(b) Pride.
(c) Less than legal strategies.
(d) Risks.

4. Most Berkshire _______ had their net worth invested primarily in the company.
(a) Secretaries.
(b) Workers.
(c) Shareholders.
(d) Directors.

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) Workers.
(c) Authority.
(d) Responsibilities.

Short Answer Questions

1. What company did Buffett acquire in 1964, which he eventually grew into a large holding company?

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

3. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.

4. The board was ultimately responsible for any _______'s performance in the companies they held.

5. What was the name of the bank that had substantial equity interest in Berkshire?

(see the answer key)

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