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

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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. On what was Sam too focused?

2. What does Sam do after he establishes a Wal-Mart on the boundaries of big cities?

3. What do Sam and Bob have Sam's son Rob do for them?

4. Sam would walk into some of the big discount retailers and ask to speak with their top executives, introducing himself as "Sam Walton from Bentonville." Why would he do this?

5. It is 1962 and many of the successful discounters are doing what, of which Sam seems to disapprove?

Short Essay Questions

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

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

3. To what does Sam credit the success of the business?

4. How does Sam feel about debts and loans?

5. Why does Sam believe that Wal-Mart is successful? Why do other stores fail?

6. What does Sam do when he attends the Univeristy of Missouri?

7. What happens to the company when Sam retires?

8. What does Sam do when he is about to graduate from college?

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

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

Essay Topics

Essay Topic 1

Wal-Mart has benefited from technology.

Part 1) Describe this technology. How has his belief about putting others first and being willing to let go of ego benefited his company, in respect to technological advances?

Part 2) How has competition also encouraged technological advancement and evolution? How have other companies been hurt by Sam's willingness to trust others and allow for risks to take place?

Part 3) How has technology changed during your own lifetime? How important is technology in your own life? Why?

Essay Topic 2

This book is written to clear up misconceptions about Sam Walton, his family, and his business.

Part 1) What misunderstandings does Sam discuss in this book? How have these misunderstandings occurred? Why does Same feel it is important to clear up these misunderstandings?

Part 2) What does this desire to clear his name reveal about Sam Walton? What ideas did you have regarding Sam Walton and his business prior to reading this book? How did you come about these beliefs?

Part 3) Has Sam been able to alter your opinion of him? Why or why not? What have you learned from reading this book?

Essay Topic 3

Sam has ten rules for running a successful company.

Part 1) What are these ten rules? How might Sam have come up with each rule?

Part 2) How can these be considered universal rules? How can they be helpful in any business environment?

Part 3) How can many of these rules be used in your own endeavors?

(see the answer keys)

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