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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. Why does Sam tell Abe Marks that he does not need their systems?
(a) He does not have enough money.
(b) Computers are a waste of time.
(c) His systems are faulty.
(d) He is a retail genius.

2. On what does Sam concentrate?
(a) His customers.
(b) His family.
(c) His employees.
(d) Himself.

3. What does Sam admit was the biggest mistake of his business career?
(a) Purchasing this Ben Franklin.
(b) Purchasing this Woolworth.
(c) Purchasing this Kmart.
(d) Purchasing of a shopping center.

4. Initially why does Sam's superior questions whether he is good at retail?
(a) He cannot sell products well.
(b) He does not seem interested in retail.
(c) Although he can sell, his organization skills are not great.
(d) He is frequently late to work and staff meetings.

5. Sam would walk into some of the big discount retailers and ask to speak with their top executives, introducing himself as "Sam Walton from Bentonville." Why would he do this?
(a) To pick their brains about how their operations were run.
(b) To let the competition know who he is.
(c) To get a job at one of these stores.
(d) To make friends.

Short Answer Questions

1. He thinks many of these failed stores would still be open if they had remembered to ___________.

2. Sam and Charlie create the _______ self-service style variety store in the country and the first one in the eight-state area.

3. Sam believes that he was over-blessed with the traits of ____________.

4. With what announcement does Sam Walton start the book?

5. What did going public do to Sam's family?

(see the answer key)

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