Q: Shareholders' Equity is: Select one: a. Equivalent to the market value of a company b. Equivalent to the book value of a company c. Is used to calculate a company's return on assets d. Is determined by adding assets and liabilities Q: According to Buffett, the success of Berkshire Hathway is due to: Select one: a. Paying large dividends b. Not focusing on retaining capital in the business c. Continually purchasing new companies with their Retained Earnings d. Growing the number of products that a business offers Q: According to Buffett, the correct time to buy a business is: Select one: a. During a bear market b. At the height of a bull market c. It does not matter when d. When you determine that the company has a durable competitive advantage