|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. Why does Helen want four children by the time she is thirty?
(a) So she will have plenty of people to care for her when she is old.
(b) She needs something to do.
(c) She does not want to be lonely.
(d) So she will have plenty of time with her grandchildren.
2. ____________ is one store that expanded and had a distribution center that offered a superior product merchandise that Wal-Mart could offer their customers.
(c) Giant Eagle.
3. 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 spent all of their own money.
(b) They had borrowed some money.
(c) They had decided to borrow money.
(d) They had borrowed as much as they possibly could.
4. Don is a good example of another one of Sam's top talents. What is this talent?
(a) Choosing great employees.
(b) Choosing great managers.
(c) Choosing great leaders.
(d) Choosing great advertisers.
5. 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?
6. What kind of farm does Sam's family have?
(a) An apple farm.
(b) A chicken farm.
(c) A turkey farm.
(d) A dairy farm.
7. Sam and Charlie create the _______ self-service style variety store in the country and the first one in the eight-state area.
8. Eventually, Arend will become Wal-Mart's first ___________.
(a) Vice president of operations and later its president of operations.
(b) Vice president of advertising and later it president of advertising.
(c) Manager of operations and later vice president of operations.
(d) Chief executive of technology and later it president of operations.
9. When he is 14, Sam saves a boy from ____________.
(b) Getting hit by a car.
(c) Starving to death.
(d) A wild boar.
10. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.
(a) Ben Franklin.
(d) JC Penney.
11. 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 the Robsons created their family fortune.
(d) How his boss created his fortune.
12. Where are Sam and Bud when they seriously consider the idea of going public?
(a) At a Wal-Mart staff meeting.
(b) Quail hunting at the Robson ranch.
(c) On vacation in Las Vegas.
(d) At Sam's home.
13. Does Sam worry about fluctuating stock prices?
14. What does Sam do after the answer to number 88?
(a) He encourages his new neighbors to support the building of a Wal-Mart.
(b) He pulls out a map, filling in every area in that market region.
(c) He bribes the community counsel members into supporting his store.
(d) He runs the competition out of town.
15. Sam believes that he was over-blessed with the traits of ____________.
(a) Understanding and empathy.
(b) Ambition and drive.
(c) Pride and jealousy.
(d) Love and kindness.
Short Answer Questions
1. Sam talks about the impact of the business on _________.
2. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
3. The way the management treats its associates is exactly how they will treat who?
4. When does Wal-Mart become a publicly-traded company?
5. 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?
This section contains 594 words
(approx. 2 pages at 300 words per page)