|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) Be conservative.
(b) Follow the trends.
(c) Be ahead of the trends.
(d) Swim upstream. Go against the current. Experiment.
2. What does Sam give his associates and managers?
(a) Gifts for their birthdays.
(b) The freedom to experiment and test things on their own.
(c) Specific tasks to complete.
(d) Many raises.
3. Sam eventually returns to Newport, Arkansas, and opens a Wal-Mart near ________.
(a) His old home.
(b) His old Ben Franklin variety store.
(c) His father's store.
(d) His father's home.
4. How has Sam always felt about competition?
(a) It is dangerous.
(b) It is a bad thing.
(c) It is a good thing.
(d) It is a waste of time.
5. Sam has created a unique culture at Wal-Mart where managers meet ________.
(a) Every Saturday morning.
(b) Every morning.
(c) Every Saturday night.
(d) Every Sunday morning.
6. What is rule number five?
(a) Appreciate everything your family does for your business.
(b) Appreciate everything your associates do for your business.
(c) Appreciate everything your managers do for your business.
(d) Appreciate everything you do for your business.
7. Behind whom do the older guys stand?
8. What is rule number seven?
(a) Listen to the suggestions of other businessmen.
(b) Listen to everyone in your company and find ways to get them talking.
(c) Listen to your heart.
(d) Listen to your financial advisors.
9. 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 like change.
(d) He does not understand technology.
10. What does Sam believe are what will continue to keep the customers coming back to shop at your store?
(a) Persuasive advertising.
(b) Personal touches.
(c) Low prices.
(d) A large inventory.
11. He and his family recognize how fortunate they have been in the success of Wal-Mart and consequently they ______.
(a) Save most of their money.
(b) Spend their money as they like.
(c) Give back to the community.
(d) Give many thanks.
12. What is rule number one?
(a) Commit to yourself.
(b) Commit to be wealthy.
(c) Commit to your family.
(d) Commit to your business.
13. He has had the time of his life running Wal-Mart, but has been wondering _________.
(a) If he should have spent more time at work over the years.
(b) If he should have started more discount stores.
(c) If he should have spent more time with his family over the years instead.
(d) If he should have spent more of his money.
14. What does Sam think is a trade-off?
15. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?
Short Answer Questions
1. At first, Wal-Mart only dealt with ____________.
2. What are the consequences of the competition between Wal-Mart and Kmart?
3. The concept of the variety store changed drastically over the years from the fully-serviced variety store to ___________.
4. With what is Sam greatly concerned?
5. Sam suggests that if you want to be successful, you need to _______ to your own interests?
This section contains 537 words
(approx. 2 pages at 300 words per page)