|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. How does Sam feel never being on a losing team helped him?
(a) It helps him believe that he can always win.
(b) It makes him never want to be a loser.
(c) It helps him not trust losers.
(d) It helps him trust others to be losers.
2. When he is 14, Sam saves a boy from ____________.
(a) Getting hit by a car.
(c) Starving to death.
(d) A wild boar.
3. Sam enlists the help of Charlie Baum, whom he met ______________.
(a) While working with the Ben Franklin store.
(b) While working at JC Penney.
(c) While in college.
(d) In high school.
4. In 1939, he meets Hugh Mattingly who owns _____________.
(a) The first Wal-Mart.
(b) A Ben Franklin store in town.
(c) A variety store chain with 60 stores.
(d) A discount store chain with 40 stores.
5. Wal-Mart starts building stores quickly by establishing ___________.
(a) A community.
(b) A friendship with the members of the towns.
(c) A cookie-cutter strategy.
(d) Deals with community leaders.
6. Why does Sam buy a little bank in Bentonville?
(a) In order to earn money for Wal-Mart.
(b) He wants to control his money.
(c) In order to lend money to himself.
(d) In order to better understand the lending process and banking industry overall.
7. While debating the idea of going public, Sam flies around looking for _________.
(a) New executives.
(b) Locations for new stores.
(c) Someone to legally represent him.
(d) Another $1.5 million loan.
8. The one mistake that Helen cannot forgive Sam for _________________.
(a) Not making enough money.
(b) Letting the company go public and becoming the richest man in the country.
(c) Not becoming an insurance salesman.
(d) Being a businessman.
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) He cannot afford to buy the store.
(d) The two widowed owners almost refuse to sell it.
10. Sam wants to organize everything and make it ____________.
(a) More exciting.
(b) Better and more efficient.
(c) More financially solvent.
(d) Better for him.
11. This book is Sam's attempt to __________________.
(a) Clear the misconceptions about him, his business, and most importantly, his views on how to build a successful company.
(b) Make himself famous.
(c) Earn extra money for his family.
(d) Build up Wal-Mart's popularity.
12. With what announcement does Sam Walton start the book?
(a) He is the richest man in America.
(b) He is a poor man.
(c) He is a proud man.
(d) He is the happiest man in America.
13. He thinks many of these failed stores would still be open if they had remembered to ___________.
(a) Hire someone like Sam.
(b) Take care of their customers and employees first.
(c) Support Wal-Mart.
(d) Be frugal.
14. The idea of going public is brought up by __________.
(a) Mark Sykes.
(b) Marcus Stevens.
(c) Matt Smitts.
(d) Mike Smith.
15. 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 quick and quiet.
(b) Let's do it now and do it right.
(c) Let's be number one. Let's be honest and hard-working.
(d) Let's be out front. Let's do it right. Let's get it done now and get on with it.
Short Answer Questions
1. Has Wal-Mart always treated its employees as well as it should have?
2. On what was Sam too focused?
3. Sam would walk into some of the big discount retailers and ask to speak with their top executives, introducing himself as "Sam Walton from Bentonville." Why would he do this?
4. To encourage family togetherness, what does Sam do?
5. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.
This section contains 673 words
(approx. 3 pages at 300 words per page)