|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Sam finds a store in Bentonville, but almost does not get the business. Why?
(a) The two widowed owners almost refuse to sell it.
(b) Helen does not want him to buy it.
(c) He does not want to move to Bentonville.
(d) He cannot afford to buy the store.
2. What is Ferold Arend's position prior to coming to Wal-Mart?
(a) He is a cashier at a Midwest variety chain store.
(b) He is head of merchandise for the whole Midwest for a variety chain store.
(c) He is president of a Midwest variety chain store.
(d) He is the owner of a Midwest variety chain store.
3. What does Sam admit was the biggest mistake of his business career?
(a) Purchasing this Kmart.
(b) Purchasing of a shopping center.
(c) Purchasing this Ben Franklin.
(d) Purchasing this Woolworth.
4. Sam admits to thinking about merchandising every day of his life since _____________.
(a) He was born.
(b) He started.
(c) Since he met Helen's father.
(d) Since his first job.
5. His stores have been growing at a good rate, and he feels their success is partly due to placing stores __________.
(a) In poor neighborhoods.
(b) In smaller towns.
(c) In the midwest.
(d) In large cities.
Short Answer Questions
1. Sam has the personality of _______________.
2. Has Wal-Mart always treated its employees as well as it should have?
3. Sam's father, Thomas Gibson Walton, is a very hard worker who was later remembered for _____________.
4. The way the management treats its associates is exactly how they will treat who?
5. How does Sam feel never being on a losing team helped him?
Short Essay Questions
1. What is known about Sam Walton's childhood? What did he learn during this time about one's ability to make money?
2. How do Sam and Helen feel about leaving Newport? What are their plans now?
3. How does the store in Bentonville benefit Sam?
4. What does Sam admit to thinking about throughout most of his life? Who uses Sam's ideas to benefit Wal-Mart? How does this person do this?
5. What has happened at Wal-Mart regarding unions? Why?
6. How is Sam's appreciation for the dollar further ingrained?
7. Why is Ferold Arend hired? What does he do for Wal-Mart?
8. What can Sam do now that he is out of debt?
9. How did Sam treat his employees in the beginning? Why? What has he realized from this?
10. How did Sam help his family financially? What does he believe about the role of children in the family?
This section contains 1,236 words
(approx. 5 pages at 300 words per page)