Sam Walton, Made in America: My Story Test | Mid-Book Test - Medium

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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Sam is not interested in retail because __________________.
(a) He does not want to be a businessman.
(b) He wants to go to law school.
(c) He wants to purchase a farm.
(d) He believes he will be an insurance salesman.

2. Although there have been a number of changes in the Wal-Mart industry over the years, the Walton family still collectively owns __________ of their own business, which is rare for a major corporation.
(a) 38 percent.
(b) 68 percent.
(c) 58 percent.
(d) 48 percent.

3. What do Sam and Bob have Sam's son Rob do for them?
(a) Find a way to avoid paying taxes, so they can start to get out of debt.
(b) Sue another company, so they can pay off their debts.
(c) Look into the legal aspects of going public and issuing stock shares to the public.
(d) Find a good lawyer to look into the legal aspects of going public and issuing stock shares to the public.

4. Sam finds a store in Bentonville, but almost does not get the business. Why?
(a) He does not want to move to Bentonville.
(b) He cannot afford to buy the store.
(c) The two widowed owners almost refuse to sell it.
(d) Helen does not want him to buy it.

5. Is this sharing of information considered a success?
(a) No.
(b) Rarely.
(c) Sometimes.
(d) Yes.

Short Answer Questions

1. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.

2. Sam wants to learn more about IBM computers to _________.

3. What is the first thing Sam does?

4. How do the children have just as high a stake in the family business as their parents?

5. Due to its location, Wal-Mart can enjoy what kind of advertising?

Short Essay Questions

1. How did Sam treat his employees in the beginning? Why? What has he realized from this?

2. With what traits does Sam say is is over-blessed? What does he do with these traits during his adolescence?

3. What is the one mistake for which Helen cannot forgive Sam? Why?

4. How does Rob help Sam with his debt? What are the results of Sam's fear of being in debt? How do both he and Helen feel about these results?

5. How does Sam's experience in football reflect his personality traits?

6. What does Wal-Mart have in regards to profit-sharing?

7. What does Sam say is the biggest business mistake in his life? What might have led to this?

8. How is Sam's appreciation for the dollar further ingrained?

9. What is known about Sam Walton's childhood? What did he learn during this time about one's ability to make money?

10. How does Sam decide where to build a Wal-Mart? Why?

(see the answer keys)

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