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This quiz consists of 5 multiple choice and 5 short answer questions through Alternatives to Common Stock.

Multiple Choice Questions

1. _________ were often unwilling to discuss the business issues during meetings.
(a) Managers.
(b) Shareholders.
(c) The salespeople.
(d) The board members.

2. On the other hand, a zero bond may not require _________, but can be satisfied with pay in kind bonds.
(a) Cashouts.
(b) Legal help.
(c) Interest payments.
(d) Papers.

3. Buffett and Munger saw themselves as general _______ responsible to other shareholders.
(a) Professors.
(b) Partners.
(c) Guides.
(d) Managers.

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

5. 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) Munger.
(d) No one.

Short Answer Questions

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

2. Buffett dismissed risk in his choices with his notion that falling __________ prices present an opportunity to buy.

3. What was NOT one of the elements listed in the elements of arbitrage in the book?

4. Ben Graham personified the market with the name ___________, to give it a more human side.

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

(see the answer key)

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