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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 15: Thinking Small.

Multiple Choice Questions

1. ____________ is one store that expanded and had a distribution center that offered a superior product merchandise that Wal-Mart could offer their customers.
(a) Meijer.
(b) Target.
(c) Giant Eagle.
(d) Kmart.

2. Eventually, Arend will become Wal-Mart's first ___________.
(a) Vice president of operations and later its president of operations.
(b) Manager of operations and later vice president of operations.
(c) Chief executive of technology and later it president of operations.
(d) Vice president of advertising and later it president of advertising.

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

4. When does Wal-Mart become a publicly-traded company?
(a) October 1, 1968.
(b) October 1, 1970.
(c) October 1, 1980.
(d) October 1, 1975.

5. Why does Sam realize he must get a career job and accepts a job from JC Penney?
(a) He needs money.
(b) He cannot afford to go to Harvard Law.
(c) He cannot afford to go to Wharton School of Finance in Pennsylvania.
(d) He no longer wants to continue going to school.

Short Answer Questions

1. Now Wal-Mart has a profit-sharing policy for their employees that is currently ___________ at the time of publication.

2. Sam is not interested in retail because __________________.

3. They officially close the door on ___________.

4. Back in the 1960s, with what was Sam more concerned, rather than quality?

5. What is the reason that Wal-Mart has succeeded?

(see the answer key)

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