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

Multiple Choice Questions

1. Sam suggests that if you want to be successful, you need to _______ to your own interests?
(a) Adhere to them.
(b) Encourage them.
(c) Submerge them.
(d) Support them.

2. What takes place after Sam's return?
(a) The Sunday Night Massacre.
(b) The Sunday Morning Massacre.
(c) The Saturday Night Massacre.
(d) The Saturday Morning Massacre.

3. The annual stockholders meeting is an extension of the Wal-Mart culture so that ____________.
(a) Investors can get a real taste for what the company is all about.
(b) Investors will want to invest more.
(c) Investors can work for Wal-Mart.
(d) Sam can impress his investors.

4. The concept of the variety store changed drastically over the years from the fully-serviced variety store to ___________.
(a) The partially-serviced style.
(b) The discount model.
(c) The fully-serviced discount model.
(d) The self-service style.

5. Why is Sam able to sit down and help write the book?
(a) He is retired.
(b) He is interested in writing a book.
(c) He no longer works for Wal-Mart.
(d) He is sick.

Short Answer Questions

1. Sam has plenty of money. What could he have bought?

2. Did Sam get into the retail business to make money?

3. Many people have argued that Wal-Mart has done what to the small shops in rural towns?

4. What does Sam give his associates and managers?

5. He and his family recognize how fortunate they have been in the success of Wal-Mart and consequently they ______.

Short Essay Questions

1. Who has been involved the most in the advancements in technology for Wal-Mart?

2. What happens to the company when Sam retires?

3. What is Sam's motto that he frequently repeats?

4. Describe Sam as a manager.

5. When Sam decides to become less involved with the business, what two camps remain?

6. What happens when Sam comes out of retirement?

7. Why does Sam give back to the community?

8. What does Sam say to support his philosophy of thinking small?

9. How does Sam counter the argument that Wal-Mart has destroyed the small shops in rural towns?

10. What are five more rules given by Sam for running a successful company?

(see the answer keys)

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