|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. What is rule number ten?
(a) Swim upstream. Go against the current. Experiment.
(b) Be conservative.
(c) Be ahead of the trends.
(d) Follow the trends.
2. Did Sam have revenge on his mind when he did this?
(b) Only at first.
3. Did Sam get into the retail business to make money?
(d) Only at first.
4. Sam explains the difference between Wal-Mart and a number of other potentially-profitable businesses is that _________.
(a) Sam always wanted to be wealthy.
(b) Sam always wanted to be the biggest retailer, not necessarily the best.
(c) Sam always wanted to be the best retailer, not necessarily the biggest.
(d) Sam always wanted to be famous.
5. What is rule number five?
(a) Appreciate everything your family does for your business.
(b) Appreciate everything you do for your business.
(c) Appreciate everything your managers do for your business.
(d) Appreciate everything your associates do for your business.
6. After Sam quasi-retired, financial analysts ___________.
(a) Publicly questioned a CEO that could not really step down from the leadership role.
(b) Publicly questioned a CEO who had stepped down from the leadership role.
(c) Publicly questioned a CEO that would like to step down from the leadership role.
(d) Publicly questioned a CEO that never steps down from the leadership role.
7. What does each store still apply?
(a) The same basic philosophies that were integtral in the firs few stores.
(b) Their own philosophies.
(c) Their own building model.
(d) The same building model.
8. Sam believes that thanks to the superior distribution system implemented, they were able to acquire what stores seamlessly integrate the stores into the current system?
(b) Big K.
9. What does competition do to Wal-Mart?
(a) It makes it stronger and more honed on the marketplace than it might have been if left by itself.
(b) It makes it weaker.
(c) It makes it more devious and dangerous.
(d) It does not affect it.
10. Since the beginning, Sam has been extremely connected as __________.
(a) A manager.
(b) A promoter.
(c) An employee.
(d) A businessman.
11. For what do Sam and his upper management team look in the smaller stores?
(a) Intelligent leaders.
(b) The heroes.
(c) Fun activities.
12. Many people have argued that Wal-Mart has done what to the small shops in rural towns?
(a) Helped them.
(b) Competed with them.
(c) Destroyed them.
(d) Encouraged them.
13. Sam has one motto that he repeats frequently in the book and to anyone who will listen to him. What is this motto?
(a) Put your investors first and make sure they are satisfied.
(b) Put yourself first and make sure you are satisfied.
(c) Put the customer first and make sure they are satisfied.
(d) Put your family first and make sure they are satisfied.
14. Why has Sam pretty much fought all of the technological advances?
(a) He does not trust technology.
(b) He wants them to be justified.
(c) He does not understand technology.
(d) He does not like change.
15. The average time lapse between when stores request additional merchandise and when they receive it is roughly how many days?
Short Answer Questions
1. What takes place after Sam's return?
2. He and his family recognize how fortunate they have been in the success of Wal-Mart and consequently they ______.
3. What does Sam give his associates and managers?
4. What are a regular part of the Wal-Mart culture and partnership?
5. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?
This section contains 604 words
(approx. 3 pages at 300 words per page)