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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. What was the stock market value of the company in #49 when it was first purchased by Buffett?
(a) $100M.
(b) $250M.
(c) $300M.
(d) $500M.

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

3. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.
(a) Strategies.
(b) Truth.
(c) Purchases.
(d) Disclosure.

4. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.
(a) 20.
(b) 12.
(c) 15.
(d) 50.

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

Short Answer Questions

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

2. Buffett and Munger bought _________ companies the same way they might buy private companies.

3. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

4. Buffett criticizes __________ market theory as be does not believe it to be a truth.

5. Which business did Munger and Buffett decide to close, despite their best efforts?

(see the answer key)

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