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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Many people have argued that Wal-Mart has done what to the small shops in rural towns?
(a) Competed with them.
(b) Encouraged them.
(c) Helped them.
(d) Destroyed them.

2. Ron leaves the company when?
(a) No one supports him.
(b) Sam fires him.
(c) Sam retires.
(d) Once Sam resumes his role.

3. To what does Sam compare the results of Wal-Mart's popularity?
(a) Religion.
(b) The evolution of man.
(c) Fads.
(d) It is evolution similar to that of buggy horses to cars.

4. The Wal-Mart concept with variety stores allowed people to ___________.
(a) Choose other stores.
(b) Come when they wanted to.
(c) Feel comfortable making purchases.
(d) Come to one place to find a range of goods at low prices.

5. By 1974, Wal-Mart has how many stores?
(a) 200.
(b) 50.
(c) 100.
(d) 150.

6. What do each of the stores have to keep the mood at work exciting and refreshing?
(a) Parties.
(b) Coffee and donuts.
(c) Their own traditions and games.
(d) Give-aways.

7. What is one of the most important changes in the Wal-Mart culture in recent years?
(a) The need for female executives.
(b) Women in the workplace.
(c) New technology.
(d) The need for women managers on the floor.

8. If your store can provide what they need, including low prices, guaranteed satisfaction, and a wide assortment of goods, can success assured?
(a) Usually.
(b) No.
(c) Sometimes.
(d) Yes.

9. Since the beginning, Sam has been extremely connected as __________.
(a) A promoter.
(b) An employee.
(c) A manager.
(d) A businessman.

10. When the company becomes divided, behind whom do the younger guys line up?
(a) Rob.
(b) Bob.
(c) Helen.
(d) Ron.

11. What does Sam think is a trade-off?
(a) Life.
(b) School.
(c) Work.
(d) Family.

12. After Sam quasi-retired, financial analysts ___________.
(a) Publicly questioned a CEO that would like to step down from the leadership role.
(b) Publicly questioned a CEO that never steps down from the leadership role.
(c) Publicly questioned a CEO who had stepped down from the leadership role.
(d) Publicly questioned a CEO that could not really step down from the leadership role.

13. How do Sam and Helen involve themselves in pet projects?
(a) Personally.
(b) Both financially and personally.
(c) Financially.
(d) In small ways.

14. For what do Sam and his upper management team look in the smaller stores?
(a) Intelligent leaders.
(b) Problems.
(c) Fun activities.
(d) The heroes.

15. He has had the time of his life running Wal-Mart, but has been wondering _________.
(a) If he should have started more discount stores.
(b) If he should have spent more time with his family over the years instead.
(c) If he should have spent more time at work over the years.
(d) If he should have spent more of his money.

Short Answer Questions

1. Sam suggests that if you want to be successful, you need to _______ to your own interests?

2. Sam eventually returns to Newport, Arkansas, and opens a Wal-Mart near ________.

3. Sam had to get up every day with what idea?

4. The annual stockholders meeting is an extension of the Wal-Mart culture so that ____________.

5. Sam believes that thanks to the superior distribution system implemented, they were able to acquire what stores seamlessly integrate the stores into the current system?

(see the answer keys)

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