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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Sam and Charlie create the _______ self-service style variety store in the country and the first one in the eight-state area.

2. The one mistake that Helen cannot forgive Sam for _________________.

3. Sam says by making sure the customers are treated well, what will be the result?

4. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.

5. What do the Walton kids all have to do?

Short Essay Questions

1. How does Sam have the personality of a promoter?

2. How would Sam spy on Kmart?

3. Give an example of what Sam would do on family vacations.

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

5. Describe Sam's family.

6. To what does Sam credit the success of the business?

7. Why is Ferold Arend hired? What does he do for Wal-Mart?

8. What has happened at Wal-Mart regarding unions? Why?

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

10. 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?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

It is important to think small.

Part 1) What is meant by this? Why is this important? How is this especially important in the case of Wal-Mart?

Part 2) How does this idea reflect and reinforce other beliefs of Sam's?

Part 3) How can thinking small be useful in your own community and your own life?

Essay Topic 2

Wal-Mart has benefited from technology.

Part 1) Describe this technology. How has his belief about putting others first and being willing to let go of ego benefited his company, in respect to technological advances?

Part 2) How has competition also encouraged technological advancement and evolution? How have other companies been hurt by Sam's willingness to trust others and allow for risks to take place?

Part 3) How has technology changed during your own lifetime? How important is technology in your own life? Why?

Essay Topic 3

Sam has ten rules for running a successful company.

Part 1) What are these ten rules? How might Sam have come up with each rule?

Part 2) How can these be considered universal rules? How can they be helpful in any business environment?

Part 3) How can many of these rules be used in your own endeavors?

(see the answer keys)

This section contains 1,031 words (approx. 4 pages at 300 words per page) View a FREE sample