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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. What does competition do to Wal-Mart?
(a) It makes it more devious and dangerous.
(b) It does not affect it.
(c) It makes it weaker.
(d) It makes it stronger and more honed on the marketplace than it might have been if left by itself.

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

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

4. The average time lapse between when stores request additional merchandise and when they receive it is roughly how many days?
(a) Three.
(b) Two.
(c) Five.
(d) Seven.

5. What does Sam believe is in need of more funds?
(a) Education.
(b) Minority groups.
(c) Missions.
(d) The poor.

Short Answer Questions

1. The feeling of excitement about the work environment is called ___________.

2. Wal-Mart gives an annual ____________ scholarship to a local student.

3. Sam reflects on what __________ has done for him and his family.

4. Sam loves quail hunting after being introduced to it by __________.

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

Short Essay Questions

1. Why does Sam give back to the community?

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

3. How does he give back? Why does he give back in this way?

4. Describe Wal-Mart and Sam by 1974.

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

6. Describe the annual stockholder meetings.

7. What is the "whistle while you work" mentality? How does this benefit the employee and the company?

8. What happens when Sam comes out of retirement?

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

10. Describe the reason why Wal-Mart succeeds?

(see the answer keys)

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