|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What is Ferold Arend's position prior to coming to Wal-Mart?
(a) He is a cashier at a Midwest variety chain store.
(b) He is the owner of a Midwest variety chain store.
(c) He is head of merchandise for the whole Midwest for a variety chain store.
(d) He is president of a Midwest variety chain store.
2. What did Sam have to do when the family was on vacation?
(a) He had to promote his company.
(b) He had to forget about work.
(c) He had to deal with harrassing competition.
(d) He had to check out stores along the way.
3. On what does Sam concentrate?
(a) His customers.
(c) His family.
(d) His employees.
4. The idea of going public is brought up by __________.
(a) Mark Sykes.
(b) Mike Smith.
(c) Matt Smitts.
(d) Marcus Stevens.
5. To encourage family togetherness, what does Sam do?
(a) He plans family vacations every weekend.
(b) His family must not go anywhere without him.
(c) He is his sons' Boy Scout leader.
(d) The family must be home for dinner every night.
6. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) If he wants to go to graduate school.
(b) Where his future lies.
(c) If he wants to be in business.
(d) Where he wants to live.
7. 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 out front. Let's do it right. Let's get it done now and get on with it.
(d) Let's be quick and quiet.
8. Why does Sam realize he must get a career job and accepts a job from JC Penney?
(a) He cannot afford to go to Wharton School of Finance in Pennsylvania.
(b) He cannot afford to go to Harvard Law.
(c) He needs money.
(d) He no longer wants to continue going to school.
9. With what does Sam not want to deal that plague stores in bigger cities?
(a) A lack of space for building.
(b) Wealthy clientele.
(c) Real estate issues, legal quandaries, and zoning problems.
10. What do the Walton kids all have to do?
(b) Study business.
(d) Play instruments.
11. Is this sharing of information considered a success?
12. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
13. Sam is always looking for new and different ways to do things and takes great pleasure in ___________.
(a) Bucking trends.
(b) Following trends.
(c) Starting trends.
(d) Researching trends.
14. Sam and his brother Bud go into business together and purchase outright ______________.
(a) An old Ben Franklin store in Ruskin Heights.
(b) An old Kmart store in Ruskin Heights.
(c) An old Meijer store in Ruskin Heights.
(d) An old Woolworth store in Ruskin Heights.
15. Sam credits the success of the business with what relationship?
(a) The one Sam has with his father-in-law.
(b) The one he has with his employees.
(c) The one he has with his wife.
(d) The one that the managers have with their associates.
Short Answer Questions
1. Sam buys stores in Little Rock, Springdale, and Siloam Springs, Arkansas, as well as Neodesha and Coffeyville, ___________.
2. Phil Green concocts __________.
3. How does Sam feel never being on a losing team helped him?
4. This book is Sam's attempt to __________________.
5. No matter how hard Sam's father worked or how many different jobs he had, what happened?
This section contains 685 words
(approx. 3 pages at 300 words per page)