|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. In the beginning, why was Sam unable to pay the associates well?
(a) He wanted to keep the money for himself.
(b) He had too many associates.
(c) He was too cheap.
(d) He did not think they deserved to be paid well.
2. On what was Sam too focused?
(a) His executives.
(b) Being competitive.
(d) His managers.
3. 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 managers.
(b) The Walton family members.
(c) The associates.
(d) The executives.
4. What did Sam have to do when the family was on vacation?
(a) He had to forget about work.
(b) He had to check out stores along the way.
(c) He had to promote his company.
(d) He had to deal with harrassing competition.
5. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.
(a) How other wealthy men had built their fortunes.
(b) How his boss created his fortune.
(c) How the Robsons created their family fortune.
(d) How his father had created their family fortune.
6. Back in the 1960s, with what was Sam more concerned, rather than quality?
(a) Keeping the prices lower than other company's prices for future success.
(b) Keeping the customers returning.
(c) Good advertising.
(d) Keeping large quantities of products in the store.
7. Now Wal-Mart has a profit-sharing policy for their employees that is currently ___________ at the time of publication.
(a) $1.8 billion.
(b) $18 billion.
(c) $1.8 trillion.
(d) $1.8 million.
8. Sam wants to organize everything and make it ____________.
(a) More financially solvent.
(b) More exciting.
(c) Better and more efficient.
(d) Better for him.
9. Sam attends the University of Missouri since he is already well-known in Columbia and joins what fraternity?
(a) Phi Tau.
(b) Beta Theta Pi.
(c) Sigma Phi Epsilon.
(d) Beta Tau Beta.
10. Sam says by making sure the customers are treated well, what will be the result?
(a) People will like him.
(b) He will make money.
(c) His competition will give up.
(d) Everything else will work out well for the company.
11. 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?
12. Has Wal-Mart always treated its employees as well as it should have?
(d) Only at first.
13. Don is a good example of another one of Sam's top talents. What is this talent?
(a) Choosing great employees.
(b) Choosing great leaders.
(c) Choosing great managers.
(d) Choosing great advertisers.
14. Sam wants to learn more about IBM computers to _________.
(a) Use computer technology just because he likes it.
(b) Be ahead of the competition.
(c) See what digital technology can do for Wal-Mart.
(d) Be cool.
15. Is Sam's deal with Alice unusual?
(d) Only at first.
Short Answer Questions
1. The idea of going public is brought up by __________.
2. Why does Helen want four children by the time she is thirty?
3. Phil Green concocts __________.
4. Is this sharing of information considered a success?
5. Sam believes that the reason that Wal-Mart was successful is because __________.
This section contains 604 words
(approx. 3 pages at 300 words per page)