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

Multiple Choice Questions

1. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.
(a) Charts.
(b) Updates.
(c) Reports.
(d) Meetings.

2. When did Berkshire Hathaway begin as a textile company?
(a) 1967.
(b) Early 1900s.
(c) Early 1800s.
(d) 1956.

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

4. The market was considered a business partner with incurable _______ problems, according to the book.
(a) Investment.
(b) Banking.
(c) Emotional.
(d) Spiritual.

5. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.
(a) Coca-Cola.
(b) Berkshire.
(c) GEICO.
(d) Wells Fargo.

Short Answer Questions

1. What was the name of the company that Buffett and Munger bought in 1973?

2. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.

3. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.

4. What was the one thing that Munger and Buffett would not address in their question sessions?

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

(see the answer key)

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