|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 ahead of the trends.
(b) Follow the trends.
(c) Be conservative.
(d) Swim upstream. Go against the current. Experiment.
2. Sam has plenty of money. What could he have bought?
(a) A yacht.
(b) A larger home.
(c) An island on which to play with his grandchildren.
(d) More vacation time.
3. With what is Sam greatly concerned?
(b) Minority groups.
(d) Tax evasion.
4. What does Sam believe is in need of more funds?
(b) The poor.
(d) Minority groups.
5. The annual stockholders meeting is an extension of the Wal-Mart culture so that ____________.
(a) Investors can work for Wal-Mart.
(b) Sam can impress his investors.
(c) Investors can get a real taste for what the company is all about.
(d) Investors will want to invest more.
6. He has had the time of his life running Wal-Mart, but has been wondering _________.
(a) If he should have spent more of his money.
(b) If he should have started more discount stores.
(c) If he should have spent more time at work over the years.
(d) If he should have spent more time with his family over the years instead.
7. Why has Sam pretty much fought all of the technological advances?
(a) He does not like change.
(b) He does not trust technology.
(c) He does not understand technology.
(d) He wants them to be justified.
8. What do each of the stores have to keep the mood at work exciting and refreshing?
(c) Their own traditions and games.
(d) Coffee and donuts.
9. What is rule number seven?
(a) Listen to your heart.
(b) Listen to your financial advisors.
(c) Listen to the suggestions of other businessmen.
(d) Listen to everyone in your company and find ways to get them talking.
10. What are the consequences of the competition between Wal-Mart and Kmart?
(a) It is one of the best duals and strengthens Wal-Mart.
(b) It is unremarkable and typical.
(c) It is unusual and disturbing.
(d) It is one of the worst duals and weakens Wal-Mart.
11. What does competition do to Wal-Mart?
(a) It does not affect it.
(b) It makes it weaker.
(c) It makes it stronger and more honed on the marketplace than it might have been if left by itself.
(d) It makes it more devious and dangerous.
12. Sam notes ____________ regarding the idea that many consider him to be on the cutting edge of technology?
(a) Many executives would agree.
(b) Many executives snicker.
(c) Many executives would disagree.
(d) Many executives would not be surprised.
13. It is the demand of ____________ that built Wal-Mart's success?
(a) The small town customer.
(b) The wealthy.
(c) The urban customer.
(d) The city customer.
14. When the company becomes divided, behind whom do the younger guys line up?
15. For what do Sam and his upper management team look in the smaller stores?
(b) Intelligent leaders.
(c) The heroes.
(d) Fun activities.
Short Answer Questions
1. What does Sam give his associates and managers?
2. How has Sam always felt about competition?
3. If your store can provide what they need, including low prices, guaranteed satisfaction, and a wide assortment of goods, can success assured?
4. Sam has created a unique culture at Wal-Mart where managers meet ________.
5. What does Sam believe are what will continue to keep the customers coming back to shop at your store?
This section contains 573 words
(approx. 2 pages at 300 words per page)