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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 10: Stepping Back.

Multiple Choice Questions

1. Sam describes Phil as a man who not only likes to swim upstream but also that he likes to do it __________.
(a) With weights on to show what he can really do.
(b) With a lot of attention.
(c) In the morning.
(d) Quickly.

2. By 1974, Wal-Mart has how many stores?
(a) 100.
(b) 50.
(c) 200.
(d) 150.

3. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) Where his future lies.
(b) Where he wants to live.
(c) If he wants to be in business.
(d) If he wants to go to graduate school.

4. What have Sam and his employees mastered?
(a) Many stores and the art of doing business with low expenses and low prices.
(b) Convincing towns to support a Wal-Mart.
(c) The art of deception.
(d) Building the same stores all over the country.

5. Due to its location, Wal-Mart can enjoy what kind of advertising?
(a) Expensive advertising.
(b) Poor advertising.
(c) Simple advertising.
(d) Word-of-mouth advertising among the townsfolk.

Short Answer Questions

1. Sam is not interested in retail because __________________.

2. Sam wants to organize everything and make it ____________.

3. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?

4. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.

5. Eventually, Arend will become Wal-Mart's first ___________.

(see the answer key)

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