|Name: _________________________||Period: ___________________|
This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.
Multiple Choice Questions
1. Why do people continue to return to Wal-Mart?
(a) If offers a better solution to the customers.
(b) The advertising is good.
(c) It is inexpensive.
(d) It is close to home.
2. Sam eventually returns to Newport, Arkansas, and opens a Wal-Mart near ________.
(a) His father's home.
(b) His old home.
(c) His father's store.
(d) His old Ben Franklin variety store.
3. Wal-Mart gives an annual ____________ scholarship to a local student.
4. Why has Sam pretty much fought all of the technological advances?
(a) He does not trust technology.
(b) He does not understand technology.
(c) He wants them to be justified.
(d) He does not like change.
5. Their large private fleet of __________ is one of the largest in the country as well to give them the flexibility they need?
Short Answer Questions
1. He has had the time of his life running Wal-Mart, but has been wondering _________.
2. What award is given out at these annual meetings?
3. Behind whom do the older guys stand?
4. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?
5. The concept of the variety store changed drastically over the years from the fully-serviced variety store to ___________.
Short Essay Questions
1. Describe the annual stockholder meetings.
2. What are five more rules given by Sam for running a successful company?
3. Describe the Saturday meetings.
4. What happens when Sam comes out of retirement?
5. How does Sam counter the argument that Wal-Mart has destroyed the small shops in rural towns?
6. When Sam decides to become less involved with the business, what two camps remain?
7. What is the "whistle while you work" mentality? How does this benefit the employee and the company?
8. Describe the reason why Wal-Mart succeeds?
9. What is Sam's motto that he frequently repeats?
10. What does Sam say to support his philosophy of thinking small?
This section contains 1,285 words
(approx. 5 pages at 300 words per page)