|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Sam's father, Thomas Gibson Walton, is a very hard worker who was later remembered for _____________.
(a) His honesty and integrity.
(b) His quiet demeanor.
(c) His loving personality.
(d) His wealth.
2. What does Sam admit was the biggest mistake of his business career?
(a) Purchasing this Woolworth.
(b) Purchasing this Kmart.
(c) Purchasing this Ben Franklin.
(d) Purchasing of a shopping center.
3. To encourage family togetherness, what does Sam do?
(a) He is his sons' Boy Scout leader.
(b) His family must not go anywhere without him.
(c) The family must be home for dinner every night.
(d) He plans family vacations every weekend.
4. Is Sam's deal with Alice unusual?
(d) Only at first.
5. 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.
6. Don is a good example of another one of Sam's top talents. What is this talent?
(a) Choosing great managers.
(b) Choosing great leaders.
(c) Choosing great advertisers.
(d) Choosing great employees.
7. They officially close the door on ___________.
(a) Surplus stores.
(c) Variety stores.
(d) Discount stores.
8. He decides to run for the student body president and wins by doing one important move. What is that move?
(a) Blackmailing some of the student body.
(b) Recruiting followers.
(c) He speaks to people before they speak to him.
(d) Bribing his fellow students with money or passing grades.
9. Sam's appreciation for the dollar is further ingrained when he meets ______________.
(a) His wife's father, L.S. Robson.
(b) His wife.
(c) His uncle, L.S. Robson.
(d) His first boss.
10. What did going public do to Sam's family?
(a) It caused the family to fall apart.
(b) It created an unhealthy living environment.
(c) It made the children into stars.
(d) It caused the world to invade their private lives.
11. How does placing stores in these small areas affect advertising?
(a) It makes advertising cheaper.
(b) It make advertising more sophisticated.
(c) It makes advertising more expensive.
(d) It makes advertising more necessary.
12. Before Wal-Mart, what did the Waltons like to do?
(a) Go to the opera.
(b) Ride horses.
(c) Go camping.
(d) Go fishing.
13. Sam wants to organize everything and make it ____________.
(a) More financially solvent.
(b) More exciting.
(c) Better for him.
(d) Better and more efficient.
14. The idea of going public is brought up by __________.
(a) Matt Smitts.
(b) Mark Sykes.
(c) Mike Smith.
(d) Marcus Stevens.
15. Initially why does Sam's superior questions whether he is good at retail?
(a) He cannot sell products well.
(b) He is frequently late to work and staff meetings.
(c) He does not seem interested in retail.
(d) Although he can sell, his organization skills are not great.
Short Answer Questions
1. Back in the 1960s, with what was Sam more concerned, rather than quality?
2. 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?
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. How do the children have just as high a stake in the family business as their parents?
5. What kind of farm does Sam's family have?
This section contains 622 words
(approx. 3 pages at 300 words per page)