View a FREE sample

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

Multiple Choice Questions

1. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Lesser.
(b) Beholden.
(c) More.
(d) Greater.

2. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?
(a) $15,000 per share.
(b) $25,000 per share.
(c) $40,000 per share.
(d) $10,000 per share.

3. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Information.
(b) Shareholders.
(c) Research.
(d) Funding.

4. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?
(a) Cunningham.
(b) Smith.
(c) No one.
(d) Munger.

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

Short Answer Questions

1. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.

2. Berkshire's board included a controlling ________, in which other board members could persuade others to make changes.

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

4. What was the name of Warren Buffett's partner in the company they shared?

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

(see the answer key)

This section contains 198 words (approx. 1 page at 300 words per page) View a FREE sample