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. He learns from a very early age that children should do what?
(a) Be seen and not heard.
(b) Be ignored.
(c) Be pampered.
(d) Be responsible for contributing to their family just as much as the adults and should not be considered 'takers."

2. The idea of going public is brought up by __________.
(a) Matt Smitts.
(b) Marcus Stevens.
(c) Mike Smith.
(d) Mark Sykes.

3. What is the first thing Sam does?
(a) He establishes a warehouse.
(b) He moves into the town.
(c) He makes friends with those who run the town.
(d) He sends his sons to investigate the town.

4. Sam purchases ____________ that only travels about 100 miles an hour.
(a) A helicopter.
(b) A little car.
(c) A little plane.
(d) A bus.

5. Where are Sam and Bud when they seriously consider the idea of going public?
(a) On vacation in Las Vegas.
(b) At a Wal-Mart staff meeting.
(c) At Sam's home.
(d) Quail hunting at the Robson ranch.

6. Sam describes Phil as a man who not only likes to swim upstream but also that he likes to do it __________.
(a) Quickly.
(b) In the morning.
(c) With weights on to show what he can really do.
(d) With a lot of attention.

7. 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 decided to borrow money.
(b) They had spent all of their own money.
(c) They had borrowed some money.
(d) They had borrowed as much as they possibly could.

8. Now that Sam is out of debt, he feels he can really concentrate on _________.
(a) Executing his strategy for running large discount stores.
(b) Considering retirement.
(c) Changing the face of Wal-Mart.
(d) Spending time with his family.

9. How do the children have just as high a stake in the family business as their parents?
(a) If he cannot earn enough money, neither do they.
(b) He gives each child money to spend or save.
(c) He makes every member of the family a partner in the family business.
(d) He threatens each child.

10. Sam and his brother Bud go into business together and purchase outright ______________.
(a) An old Meijer store in Ruskin Heights.
(b) An old Woolworth store in Ruskin Heights.
(c) An old Ben Franklin store in Ruskin Heights.
(d) An old Kmart store in Ruskin Heights.

11. What do Sam and Bob have Sam's son Rob do for them?
(a) Find a way to avoid paying taxes, so they can start to get out of debt.
(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 good lawyer to look into the legal aspects of going public and issuing stock shares to the public.

12. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) If he wants to go to graduate school.
(b) Where he wants to live.
(c) If he wants to be in business.
(d) Where his future lies.

13. Why does Sam buy a little bank in Bentonville?
(a) He wants to control his money.
(b) In order to earn money for Wal-Mart.
(c) In order to lend money to himself.
(d) In order to better understand the lending process and banking industry overall.

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

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

Short Answer Questions

1. Why does Sam realize he must get a career job and accepts a job from JC Penney?

2. His stores have been growing at a good rate, and he feels their success is partly due to placing stores __________.

3. When he is 14, Sam saves a boy from ____________.

4. Is Sam's deal with Alice unusual?

5. For a variety of reasons, Rob convinces Sam to do what with his debt?

(see the answer keys)

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