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. 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. When he is 14, Sam saves a boy from ____________.
(a) Getting hit by a car.
(b) Drowning.
(c) A wild boar.
(d) Starving to death.

3. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?
(a) They had borrowed some money.
(b) They had borrowed as much as they possibly could.
(c) They had spent all of their own money.
(d) They had decided to borrow money.

4. 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 needs money.
(c) He no longer wants to continue going to school.
(d) He cannot afford to go to Harvard Law.

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

6. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(a) Variety stores.
(b) Discount stores.
(c) Boutiques.
(d) Franchising.

7. A number of employees have gained a great deal of financial wealth from ____________.
(a) Becoming managers.
(b) The profit-sharing program.
(c) Working long hours.
(d) Becoming executives.

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

9. Sam finds a store in Bentonville, but almost does not get the business. Why?
(a) He does not want to move to Bentonville.
(b) Helen does not want him to buy it.
(c) The two widowed owners almost refuse to sell it.
(d) He cannot afford to buy the store.

10. When does Wal-Mart become a publicly-traded company?
(a) October 1, 1970.
(b) October 1, 1975.
(c) October 1, 1968.
(d) October 1, 1980.

11. Phil gets a great deal on a laundry detergent like Tide, and has 18 cases sent to his store and creates the world's largest display of detergents, stacking them almost __________ feet high?
(a) 200.
(b) 25.
(c) 50.
(d) 100.

12. With what does Sam not want to deal that plague stores in bigger cities?
(a) A lack of space for building.
(b) Real estate issues, legal quandaries, and zoning problems.
(c) Theft.
(d) Wealthy clientele.

13. What do Sam and Bob have Sam's son Rob do for them?
(a) Find a good lawyer to look into the legal aspects of going public and issuing stock shares to the public.
(b) Look into the legal aspects of going public and issuing stock shares to the public.
(c) Sue another company, so they can pay off their debts.
(d) Find a way to avoid paying taxes, so they can start to get out of debt.

14. Why is Ferold Arend hired?
(a) To improve the technology at Wal-Mart.
(b) To be CEO of Wal-Mart.
(c) To push Wal-Mart into the best distribution center possible.
(d) To take over Sam's position.

15. Sam talks about the impact of the business on _________.
(a) His family.
(b) The United States.
(c) The world.
(d) His community.

Short Answer Questions

1. This period of time dictates a __________ period of growth for Wal-Mart.

2. Sam believes that the reason that Wal-Mart was successful is because __________.

3. 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?

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.

5. What does Sam do after he establishes a Wal-Mart on the boundaries of big cities?

(see the answer keys)

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