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. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.
(a) How other wealthy men had built their fortunes.
(b) How his father had created their family fortune.
(c) How his boss created his fortune.
(d) How the Robsons created their family fortune.

2. What kind of farm does Sam's family have?
(a) A chicken farm.
(b) A dairy farm.
(c) A turkey farm.
(d) An apple farm.

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

4. Sam's appreciation for the dollar is further ingrained when he meets ______________.
(a) His uncle, L.S. Robson.
(b) His first boss.
(c) His wife.
(d) His wife's father, L.S. Robson.

5. Eventually, Arend will become Wal-Mart's first ___________.
(a) Manager of operations and later vice president of operations.
(b) Chief executive of technology and later it president of operations.
(c) Vice president of advertising and later it president of advertising.
(d) Vice president of operations and later its president of operations.

6. He decides to run for the student body president and wins by doing one important move. What is that move?
(a) Recruiting followers.
(b) He speaks to people before they speak to him.
(c) Bribing his fellow students with money or passing grades.
(d) Blackmailing some of the student body.

7. In 1939, he meets Hugh Mattingly who owns _____________.
(a) The first Wal-Mart.
(b) A Ben Franklin store in town.
(c) A discount store chain with 40 stores.
(d) A variety store chain with 60 stores.

8. In the beginning, why was Sam unable to pay the associates well?
(a) He did not think they deserved to be paid well.
(b) He wanted to keep the money for himself.
(c) He was too cheap.
(d) He had too many associates.

9. Sam wants to learn more about IBM computers to _________.
(a) Be ahead of the competition.
(b) See what digital technology can do for Wal-Mart.
(c) Use computer technology just because he likes it.
(d) Be cool.

10. Sam and Charlie create the _______ self-service style variety store in the country and the first one in the eight-state area.
(a) Fifth.
(b) Fourth.
(c) Third.
(d) Second.

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

12. Now Wal-Mart has a profit-sharing policy for their employees that is currently ___________ at the time of publication.
(a) $18 billion.
(b) $1.8 billion.
(c) $1.8 trillion.
(d) $1.8 million.

13. 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 decided to borrow money.
(d) They had spent all of their own money.

14. Sam and Helen are disappointed to leave Newport, but they do have one benefit from their five years working there. What is this benefit?
(a) Many good business connections.
(b) They have made many good friends.
(c) $50,000 from the sale of the business.
(d) An interest in retail.

15. This period of time dictates a __________ period of growth for Wal-Mart.
(a) Large.
(b) Decent.
(c) Small.
(d) Minimal.

Short Answer Questions

1. 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?

2. How does placing stores in these small areas affect advertising?

3. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.

4. What does Sam admit was the biggest mistake of his business career?

5. Is Sam's deal with Alice unusual?

(see the answer keys)

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