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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) GE Re.
(c) Microsoft.
(d) General Mills.

2. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.
(a) Economic.
(b) Intrinsic.
(c) True.
(d) Market.

3. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?
(a) No one.
(b) Himself.
(c) Ben Graham.
(d) Charlie Munger.

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

5. The intrinsic business value goal was reached by ________, preferably 100% ownership of diverse business firms generating cash and above-average returns on capital.
(a) Indirect.
(b) Direct.
(c) Prominent.
(d) Passive.

Short Answer Questions

1. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.

2. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.

3. Buffett claimed in the book that most Berkshire shareholders will hang onto their shares for ____________.

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

5. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.

(see the answer key)

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