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This quiz consists of 5 multiple choice and 5 short answer questions through Mergers and Acquisitions.

Multiple Choice Questions

1. Which state was Buffett worried about in terms of its ability to create good investments for his company?
(a) California.
(b) Alabama.
(c) Hawaii.
(d) Illinois.

2. Buffett realized that it was helpful to be _________ when others were fearful in the market.
(a) Slow.
(b) Standoffish.
(c) Fast.
(d) Greedy.

3. During what year were the Berkshire shares to be traded on the New York Stock Exchange?
(a) 1988.
(b) 1986.
(c) 1975.
(d) 1999.

4. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-biotic.
(b) Pro-management.
(c) Pro-rate.
(d) Pro-rata.

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

Short Answer Questions

1. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

2. Berkshire kept the business operating after the acquisition, since it would already have successful ___________.

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

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

5. Buffett disliked _________ because of its leverage, according to the book.

(see the answer key)

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