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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 3: Bouncing Back.

Multiple Choice Questions

1. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(a) Franchising.
(b) Discount stores.
(c) Variety stores.
(d) Boutiques.

2. When Sam did not like the attention given to him and his family by the press, he put a lid on the personal information released to the public. What happened because of this reason according to Sam?
(a) America forgot about him.
(b) A great deal of misinformation was released and taken as truth about him and his family.
(c) No one cares to know about the history of Wal-Mart.
(d) His company suffered.

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

4. Sam and Charlie create the _______ self-service style variety store in the country and the first one in the eight-state area.
(a) Second.
(b) Fifth.
(c) Third.
(d) Fourth.

5. Sam finds a store in Bentonville, but almost does not get the business. Why?
(a) Helen does not want him to buy it.
(b) He does not want to move to Bentonville.
(c) He cannot afford to buy the store.
(d) The two widowed owners almost refuse to sell it.

Short Answer Questions

1. Sam attends the University of Missouri since he is already well-known in Columbia and joins what fraternity?

2. Initially why does Sam's superior questions whether he is good at retail?

3. What does Sam admit was the biggest mistake of his business career?

4. Sam buys stores in Little Rock, Springdale, and Siloam Springs, Arkansas, as well as Neodesha and Coffeyville, ___________.

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

(see the answer key)

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