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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 5: Raising a Family.

Multiple Choice Questions

1. At the time, nobody wants to invest in the idea with Bud putting only 3 percent into it and another manager from Texas putting in 2 percent. Other than that, Sam had to come up with what percent of the financing on his own?
(a) 98.
(b) 90.
(c) 95.
(d) 85.

2. What did going public do to Sam's family?
(a) It made the children into stars.
(b) It created an unhealthy living environment.
(c) It caused the family to fall apart.
(d) It caused the world to invade their private lives.

3. What do the Walton kids all have to do?
(a) Jobs.
(b) Study business.
(c) Play instruments.
(d) Study.

4. Sam enlists the help of Charlie Baum, whom he met ______________.
(a) While working with the Ben Franklin store.
(b) While in college.
(c) While working at JC Penney.
(d) In high school.

5. He learns from a very early age that children should do what?
(a) Be ignored.
(b) Be pampered.
(c) Be seen and not heard.
(d) Be responsible for contributing to their family just as much as the adults and should not be considered 'takers."

Short Answer Questions

1. In 1962, four large companies started discount stores, including _____________ besides Wal-Mart?

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

3. Sam admits to thinking about merchandising every day of his life since _____________.

4. Sam describes Phil as a man who not only likes to swim upstream but also that he likes to do it __________.

5. 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?

(see the answer key)

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