Sam Walton, Made in America: My Story Test | Mid-Book Test - Easy

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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. They officially close the door on ___________.
(a) Discount stores.
(b) Boutiques.
(c) Surplus stores.
(d) Variety stores.

2. Sam purchases ____________ that only travels about 100 miles an hour.
(a) A little plane.
(b) A little car.
(c) A bus.
(d) A helicopter.

3. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.
(a) Ben Franklin.
(b) Woolworth.
(c) Meijer.
(d) JC Penney.

4. No matter how efficient or advanced their distribution center is or how great their technology might be, _______________are the real key to Wal-Mart's success.
(a) The Walton family members.
(b) The managers.
(c) The executives.
(d) The associates.

5. Does Sam worry about fluctuating stock prices?
(a) Often.
(b) Yes.
(c) No.
(d) Sometimes.

6. In the beginning, why was Sam unable to pay the associates well?
(a) He did not think they deserved to be paid well.
(b) He was too cheap.
(c) He wanted to keep the money for himself.
(d) He had too many associates.

7. When Sam did not like the attention given to him and his family by the press, he put a lid on the personal information released to the public. What happened because of this reason according to Sam?
(a) No one cares to know about the history of Wal-Mart.
(b) His company suffered.
(c) A great deal of misinformation was released and taken as truth about him and his family.
(d) America forgot about him.

8. Is Sam's deal with Alice unusual?
(a) Only at first.
(b) No.
(c) Yes.
(d) Somewhat.

9. Sam is not interested in retail because __________________.
(a) He believes he will be an insurance salesman.
(b) He wants to purchase a farm.
(c) He does not want to be a businessman.
(d) He wants to go to law school.

10. The way the management treats its associates is exactly how they will treat who?
(a) The executives.
(b) Their customers.
(c) Other managers.
(d) Sam.

11. Sam's attention to his associates and each manager having a minority share in the business sets the stage for _____.
(a) The now-famous Saturday meetings.
(b) The now-famous bi-annaul stockholders meetings.
(c) The now-famous semi-annual stockholders meetings.
(d) The now-famous annual stockholders meetings.

12. At the time, nobody wants to invest in the idea with Bud putting only 3 percent into it and another manager from Texas putting in 2 percent. Other than that, Sam had to come up with what percent of the financing on his own?
(a) 98.
(b) 85.
(c) 90.
(d) 95.

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

14. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
(a) Oddity.
(b) Liberal.
(c) Maverick.
(d) Conservative.

15. Sam and his brother Bud go into business together and purchase outright ______________.
(a) An old Meijer store in Ruskin Heights.
(b) An old Woolworth store in Ruskin Heights.
(c) An old Kmart store in Ruskin Heights.
(d) An old Ben Franklin store in Ruskin Heights.

Short Answer Questions

1. The biggest challenge Wal-Mart has right now at this growth period is what?

2. Sam believes that he was over-blessed with the traits of ____________.

3. It is due to _________ that the company has been able to outperform the competition?

4. Why does Helen want four children by the time she is thirty?

5. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?

(see the answer keys)

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