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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. Back in the 1960s, with what was Sam more concerned, rather than quality?
(a) Good advertising.
(b) Keeping the prices lower than other company's prices for future success.
(c) Keeping the customers returning.
(d) Keeping large quantities of products in the store.

2. The biggest challenge Wal-Mart has right now at this growth period is what?
(a) Attracting customers.
(b) Buying food procucts at a low price and staying stocked.
(c) Keeping the electronic section stocked.
(d) Buying health and beauty aids at a lower price and staying stocked.

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

4. What does Sam do after he establishes a Wal-Mart on the boundaries of big cities?
(a) He watches as the communities grow to meet the store.
(b) He hopes that those in the cities come out to his store.
(c) He moves onto other cities.
(d) He watches the competition disappear.

5. What does Sam play everywhere he goes?
(a) Golf.
(b) Tennis.
(c) Basketball.
(d) Football.

Short Answer Questions

1. Behind whom do the older guys stand?

2. Why does Sam realize he must get a career job and accepts a job from JC Penney?

3. What is significant about Sam's bet regarding being an Eagle Scout?

4. By 1974, Wal-Mart has how many stores?

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

(see the answer key)

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