|Name: _________________________||Period: ___________________|
This test consists of 15 multiple choice questions and 5 short answer questions.
Multiple Choice Questions
1. It is the demand of ____________ that built Wal-Mart's success?
(a) The small town customer.
(b) The wealthy.
(c) The city customer.
(d) The urban customer.
2. 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?
(a) Big K.
3. What is rule number seven?
(a) Listen to everyone in your company and find ways to get them talking.
(b) Listen to the suggestions of other businessmen.
(c) Listen to your heart.
(d) Listen to your financial advisors.
4. When the company becomes divided, behind whom do the younger guys line up?
5. Sam explains the difference between Wal-Mart and a number of other potentially-profitable businesses is that _________.
(a) Sam always wanted to be famous.
(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 wealthy.
6. Although many people have contributed to the advances in technology at Wal-Mart, who gets the lion's share of gratitude from Sam?
(a) Helen Walton.
(b) Mike Smith.
(c) Rob Walton.
(d) David Glass.
7. Sam always encourages competition. What does Sam think of this divisive stance?
(a) He sees it as beneficial to the company.
(b) He sees that it is starting to injure the company.
(c) He sees it as a good example of competition.
(d) He sees it starting to benefit the company.
8. What does each store still apply?
(a) Their own philosophies.
(b) The same basic philosophies that were integtral in the firs few stores.
(c) The same building model.
(d) Their own building model.
9. 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.
10. Many people have argued that Wal-Mart has done what to the small shops in rural towns?
(a) Competed with them.
(b) Destroyed them.
(c) Encouraged them.
(d) Helped them.
11. What does Sam think is a trade-off?
12. Why is Sam able to sit down and help write the book?
(a) He is sick.
(b) He is interested in writing a book.
(c) He is retired.
(d) He no longer works for Wal-Mart.
13. Sam has plenty of money. What could he have bought?
(a) A yacht.
(b) More vacation time.
(c) A larger home.
(d) An island on which to play with his grandchildren.
14. Since the beginning, Sam has been extremely connected as __________.
(a) A businessman.
(b) A promoter.
(c) An employee.
(d) A manager.
15. What is rule number one?
(a) Commit to your business.
(b) Commit to yourself.
(c) Commit to be wealthy.
(d) Commit to your family.
Short Answer Questions
1. Does Sam believe he is as hands-on as other managers?
2. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?
3. Sam suggests that if you want to be successful, you need to _______ to your own interests?
4. The average time lapse between when stores request additional merchandise and when they receive it is roughly how many days?
5. What do each of the stores have to keep the mood at work exciting and refreshing?
This section contains 557 words
(approx. 2 pages at 300 words per page)