View a FREE sample

This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. The idea of going public is brought up by __________.
(a) Matt Smitts.
(b) Mike Smith.
(c) Marcus Stevens.
(d) Mark Sykes.

3. Sam wants to organize everything and make it ____________.
(a) Better and more efficient.
(b) More financially solvent.
(c) More exciting.
(d) Better for him.

4. Sam wants to learn more about IBM computers to _________.
(a) Use computer technology just because he likes it.
(b) Be ahead of the competition.
(c) See what digital technology can do for Wal-Mart.
(d) Be cool.

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

Short Answer Questions

1. Sam enlists the help of Charlie Baum, whom he met ______________.

2. What did Sam have to do when the family was on vacation?

3. Sam finds a store in Bentonville, but almost does not get the business. Why?

4. Phil gets a great deal on a laundry detergent like Tide, and has 18 cases sent to his store and creates the world's largest display of detergents, stacking them almost __________ feet high?

5. 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?

Short Essay Questions

1. What does Sam do once Walton's Five and Dime is a success?

2. How does Rob help Sam with his debt? What are the results of Sam's fear of being in debt? How do both he and Helen feel about these results?

3. Describe, in general, this period of time for Wal-Mart.

4. Describe Don Whitaker.

5. What is the one mistake for which Helen cannot forgive Sam? Why?

6. Describe Sam's family.

7. What is taking place in the world of discount stores in 1962?

8. What does Sam do when he attends the Univeristy of Missouri?

9. What does Sam say is the biggest business mistake in his life? What might have led to this?

10. How is Sam a maverick in the business world?

(see the answer keys)

This section contains 1,148 words (approx. 4 pages at 300 words per page) View a FREE sample