|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. He learns from a very early age that children should do what?
(a) Be seen and not heard.
(b) Be ignored.
(c) Be pampered.
(d) Be responsible for contributing to their family just as much as the adults and should not be considered 'takers."
2. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
3. The reason that other stores fail is because ____________.
(a) They do not have the funds that Wal-Mart has.
(b) They are looking out for themselves first.
(c) They do not have Sam Walton.
(d) They only care about their employees.
4. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(c) Discount stores.
(d) Variety stores.
5. Don Whitaker comes to the Wal-Mart organization from TG&Y. He is a hard-working and smart man who establishes a great philosophy for the company. What is this philosophy?
(a) Let's be number one. Let's be honest and hard-working.
(b) Let's do it now and do it right.
(c) Let's be quick and quiet.
(d) Let's be out front. Let's do it right. Let's get it done now and get on with it.
6. Sam and Helen are disappointed to leave Newport, but they do have one benefit from their five years working there. What is this benefit?
(a) Many good business connections.
(b) $50,000 from the sale of the business.
(c) An interest in retail.
(d) They have made many good friends.
7. Although Sam is a small man at only 130 pounds, he works very hard and gets his letter in the sport of ___________.
8. The one mistake that Helen cannot forgive Sam for _________________.
(a) Not making enough money.
(b) Being a businessman.
(c) Not becoming an insurance salesman.
(d) Letting the company go public and becoming the richest man in the country.
9. What would Sam do when he would drop Alice off at a horse show?
(a) He would sit in the car and wait for her to finish.
(b) He would help her get ready.
(c) He would sneak off to check out other stores for competition.
(d) He would sit at the top of the grand stand and cheer her on.
10. A number of employees have gained a great deal of financial wealth from ____________.
(a) The profit-sharing program.
(b) Becoming managers.
(c) Becoming executives.
(d) Working long hours.
11. This book is Sam's attempt to __________________.
(a) Make himself famous.
(b) Build up Wal-Mart's popularity.
(c) Earn extra money for his family.
(d) Clear the misconceptions about him, his business, and most importantly, his views on how to build a successful company.
12. Unions have tried to organize at Wal-Mart. Have they been successful?
(c) Only at first.
(d) Not at first.
13. Sam attends the University of Missouri since he is already well-known in Columbia and joins what fraternity?
(a) Beta Tau Beta.
(b) Phi Tau.
(c) Sigma Phi Epsilon.
(d) Beta Theta Pi.
14. What is significant about Sam's bet regarding being an Eagle Scout?
(a) He never truly wanted to be a Boy Scout.
(b) He is the youngest in the state of Missouri at the time.
(c) He never became an Eagle Scout.
(d) He helped his sons become Eagle Scouts.
15. He thinks many of these failed stores would still be open if they had remembered to ___________.
(a) Support Wal-Mart.
(b) Hire someone like Sam.
(c) Take care of their customers and employees first.
(d) Be frugal.
Short Answer Questions
1. In the beginning, why was Sam unable to pay the associates well?
2. Back in the 1960s, with what was Sam more concerned, rather than quality?
3. On what does Sam concentrate?
4. When does Wal-Mart become a publicly-traded company?
5. What is the first thing Sam does?
This section contains 672 words
(approx. 3 pages at 300 words per page)