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

Multiple Choice Questions

1. The $70B enterprise that Buffett and his partner buy includes GEICO and ________ corporation.
(a) Apple.
(b) Microsoft.
(c) GE Re.
(d) General Mills.

2. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.
(a) 50.
(b) 98.
(c) 99.
(d) 90.

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

4. What was the title of Buffett in relation to his company?
(a) Owner.
(b) President.
(c) Chairman.
(d) Vice-Chairman.

5. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.
(a) Dividends.
(b) Value.
(c) Promise.
(d) Power.

Short Answer Questions

1. Buffett and his partner preferred to buy a company at a fair price at _______% interest.

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

3. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

4. Berkshire was a ________ corporation, as it was described in this section of the book.

5. Buffett and Munger saw themselves as general _______ responsible to other shareholders.

(see the answer key)

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