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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7: Taking the Company Public.

Multiple Choice Questions

1. How do the children have just as high a stake in the family business as their parents?
(a) He threatens each child.
(b) He gives each child money to spend or save.
(c) If he cannot earn enough money, neither do they.
(d) He makes every member of the family a partner in the family business.

2. How does Sam feel never being on a losing team helped him?
(a) It makes him never want to be a loser.
(b) It helps him believe that he can always win.
(c) It helps him trust others to be losers.
(d) It helps him not trust losers.

3. Sam would walk into some of the big discount retailers and ask to speak with their top executives, introducing himself as "Sam Walton from Bentonville." Why would he do this?
(a) To make friends.
(b) To get a job at one of these stores.
(c) To pick their brains about how their operations were run.
(d) To let the competition know who he is.

4. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) Where he wants to live.
(b) If he wants to go to graduate school.
(c) Where his future lies.
(d) If he wants to be in business.

5. Sam describes Phil as a man who not only likes to swim upstream but also that he likes to do it __________.
(a) Quickly.
(b) With weights on to show what he can really do.
(c) With a lot of attention.
(d) In the morning.

Short Answer Questions

1. Before Wal-Mart, what did the Waltons like to do?

2. Why does Sam realize he must get a career job and accepts a job from JC Penney?

3. Sam believes that the reason that Wal-Mart was successful is because __________.

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

5. Is Sam's deal with Alice unusual?

(see the answer key)

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