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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 7: Taking the Company Public.

Multiple Choice Questions

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

2. The idea of going public is brought up by __________.
(a) Mike Smith.
(b) Matt Smitts.
(c) Mark Sykes.
(d) Marcus Stevens.

3. What kind of farm does Sam's family have?
(a) A chicken farm.
(b) An apple farm.
(c) A dairy farm.
(d) A turkey farm.

4. Although Sam considers himself a fairly conservative guy, he is a _________ in the world of business.
(a) Maverick.
(b) Oddity.
(c) Liberal.
(d) Conservative.

5. What would Sam do when he would drop Alice off at a horse show?
(a) He would sit at the top of the grand stand and cheer her on.
(b) He would sneak off to check out other stores for competition.
(c) He would help her get ready.
(d) He would sit in the car and wait for her to finish.

Short Answer Questions

1. What does Sam do everywhere he travels?

2. The reason that other stores fail is because ____________.

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

4. It is 1962 and many of the successful discounters are doing what, of which Sam seems to disapprove?

5. When does Wal-Mart become a publicly-traded company?

(see the answer key)

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