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

Multiple Choice Questions

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

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

3. The _______ doesn't feel poorer when the embezzler is getting richer.
(a) Market.
(b) Victim.
(c) Government.
(d) Country.

4. All acquisition considerations were paid for in ________, according to the book's information.
(a) Cash.
(b) Handshakes.
(c) Stocks.
(d) Trades.

5. What was the piece of advice that Buffett took to heart from the athlete?
(a) Practice makes perfect.
(b) Practice makes permanent.
(c) Perfect makes practice.
(d) Practice makes permitted.

Short Answer Questions

1. Buffett and Munger described the acquisition process as being akin to finding a ________.

2. The NYSE listing for Berkshire was thought to reduce _______ for shareholders by ensuring a narrow market maker spread.

3. _________ were often unwilling to discuss the business issues during meetings.

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

5. The bonds that Buffett decides to buy in 1989 were thought to be ________, but turn out to be fallen angels.

(see the answer key)

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