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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. Sam and his brother Bud go into business together and purchase outright ______________.
(a) An old Ben Franklin store in Ruskin Heights.
(b) An old Meijer store in Ruskin Heights.
(c) An old Kmart store in Ruskin Heights.
(d) An old Woolworth store in Ruskin Heights.

2. In 1939, he meets Hugh Mattingly who owns _____________.
(a) A Ben Franklin store in town.
(b) A discount store chain with 40 stores.
(c) A variety store chain with 60 stores.
(d) The first Wal-Mart.

3. While debating the idea of going public, Sam flies around looking for _________.
(a) Locations for new stores.
(b) New executives.
(c) Another $1.5 million loan.
(d) Someone to legally represent him.

4. For a variety of reasons, Rob convinces Sam to do what with his debt?
(a) Reconsolidate it into one large personal loan.
(b) Split his debt into many small loans for the business.
(c) Reconsolidate it into one large loan for the business.
(d) Split his debt into a few small personal loans.

5. Sam wants to organize everything and make it ____________.
(a) More financially solvent.
(b) Better for him.
(c) Better and more efficient.
(d) More exciting.

Short Answer Questions

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

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

3. How does Sam feel never being on a losing team helped him?

4. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.

5. Why does Sam realize he must get a career job and accepts a job from JC Penney?

(see the answer key)

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