|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Where are Sam and Bud when they seriously consider the idea of going public?
(a) On vacation in Las Vegas.
(b) Quail hunting at the Robson ranch.
(c) At Sam's home.
(d) At a Wal-Mart staff meeting.
2. 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) America forgot about him.
(b) His company suffered.
(c) No one cares to know about the history of Wal-Mart.
(d) A great deal of misinformation was released and taken as truth about him and his family.
3. Sam is always looking for new and different ways to do things and takes great pleasure in ___________.
(a) Researching trends.
(b) Following trends.
(c) Bucking trends.
(d) Starting trends.
4. With what announcement does Sam Walton start the book?
(a) He is a proud man.
(b) He is a poor man.
(c) He is the richest man in America.
(d) He is the happiest man in America.
5. With what does Sam not want to deal that plague stores in bigger cities?
(b) Wealthy clientele.
(c) A lack of space for building.
(d) Real estate issues, legal quandaries, and zoning problems.
6. Is this sharing of information considered a success?
7. The way the management treats its associates is exactly how they will treat who?
(a) Other managers.
(c) Their customers.
(d) The executives.
8. What does Sam admit was the biggest mistake of his business career?
(a) Purchasing of a shopping center.
(b) Purchasing this Woolworth.
(c) Purchasing this Kmart.
(d) Purchasing this Ben Franklin.
9. Sam admits to thinking about merchandising every day of his life since _____________.
(a) Since he met Helen's father.
(b) Since his first job.
(c) He was born.
(d) He started.
10. Sam's father, Thomas Gibson Walton, is a very hard worker who was later remembered for _____________.
(a) His honesty and integrity.
(b) His loving personality.
(c) His quiet demeanor.
(d) His wealth.
11. A number of employees have gained a great deal of financial wealth from ____________.
(a) Becoming executives.
(b) The profit-sharing program.
(c) Becoming managers.
(d) Working long hours.
12. Phil Green concocts __________.
(a) One of the most famous displays in Wal-Mart history.
(b) One of the worst displays in Wal-Mart history.
(c) One of the most expensive advertising campaigns in Wal-Mart history.
(d) One of the most rediculous Wal-Mart stunts in history.
13. Initially why does Sam's superior questions whether he is good at retail?
(a) He does not seem interested in retail.
(b) He cannot sell products well.
(c) Although he can sell, his organization skills are not great.
(d) He is frequently late to work and staff meetings.
14. What is Ferold Arend's position prior to coming to Wal-Mart?
(a) He is head of merchandise for the whole Midwest for a variety chain store.
(b) He is the owner of a Midwest variety chain store.
(c) He is president of a Midwest variety chain store.
(d) He is a cashier at a Midwest variety chain store.
15. Although there have been a number of changes in the Wal-Mart industry over the years, the Walton family still collectively owns __________ of their own business, which is rare for a major corporation.
(a) 58 percent.
(b) 38 percent.
(c) 48 percent.
(d) 68 percent.
Short Answer Questions
1. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
2. What does Sam do everywhere he travels?
3. What does Sam do after he establishes a Wal-Mart on the boundaries of big cities?
4. Sam and his brother Bud go into business together and purchase outright ______________.
5. This period of time dictates a __________ period of growth for Wal-Mart.
This section contains 653 words
(approx. 3 pages at 300 words per page)