View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10: Stepping Back.

Multiple Choice Questions

1. Sam believes that the reason that Wal-Mart was successful is because __________.
(a) There was not competition.
(b) He always made sure that the employees in his stores were taken care of.
(c) No one is a better promoter than him.
(d) He is really intelligent.

2. Wal-Mart starts building stores quickly by establishing ___________.
(a) A cookie-cutter strategy.
(b) A community.
(c) A friendship with the members of the towns.
(d) Deals with community leaders.

3. The reason that other stores fail is because ____________.
(a) They only care about their employees.
(b) They do not have Sam Walton.
(c) They do not have the funds that Wal-Mart has.
(d) They are looking out for themselves first.

4. Sam loves quail hunting after being introduced to it by __________.
(a) Mike Smith.
(b) Helen's father.
(c) His father.
(d) Helen.

5. Why does Sam realize he must get a career job and accepts a job from JC Penney?
(a) He no longer wants to continue going to school.
(b) He cannot afford to go to Harvard Law.
(c) He needs money.
(d) He cannot afford to go to Wharton School of Finance in Pennsylvania.

Short Answer Questions

1. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.

2. In 1939, he meets Hugh Mattingly who owns _____________.

3. Eventually, Arend will become Wal-Mart's first ___________.

4. It is 1962 and many of the successful discounters are doing what, of which Sam seems to disapprove?

5. The biggest challenge Wal-Mart has right now at this growth period is what?

(see the answer key)

This section contains 336 words (approx. 2 pages at 300 words per page) View a FREE sample