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. Now that Sam is out of debt, he feels he can really concentrate on _________.
(a) Executing his strategy for running large discount stores.
(b) Considering retirement.
(c) Spending time with his family.
(d) Changing the face of Wal-Mart.

2. Sam credits the success of the business with what relationship?
(a) The one he has with his wife.
(b) The one Sam has with his father-in-law.
(c) The one he has with his employees.
(d) The one that the managers have with their associates.

3. They officially close the door on ___________.
(a) Discount stores.
(b) Boutiques.
(c) Variety stores.
(d) Surplus stores.

4. Phil gets a great deal on a laundry detergent like Tide, and has 18 cases sent to his store and creates the world's largest display of detergents, stacking them almost __________ feet high?
(a) 25.
(b) 50.
(c) 200.
(d) 100.

5. While debating the idea of going public, Sam flies around looking for _________.
(a) New executives.
(b) Someone to legally represent him.
(c) Another $1.5 million loan.
(d) Locations for new stores.

Short Answer Questions

1. Sam and Helen are disappointed to leave Newport, but they do have one benefit from their five years working there. What is this benefit?

2. What did going public do to Sam's family?

3. Where are Sam and Bud when they seriously consider the idea of going public?

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

5. Sam and his brother Bud go into business together and purchase outright ______________.

Short Essay Questions

1. How does Sam encourage family togetherness? How does he also continue to obsess over business matters at the same time?

2. How does Sam feel about debts and loans?

3. What does Sam do while debating the idea of going public?

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. Why is Ferold Arend hired? What does he do for Wal-Mart?

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

7. Describe, in general, this period of time for Wal-Mart.

8. How did Sam help his family financially? What does he believe about the role of children in the family?

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

10. What does Sam do once Walton's Five and Dime is a success?

(see the answer keys)

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