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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. Do Sam's kids feel as though Sam was not around during their childhood?
(a) Often.
(b) No.
(c) Sometimes.
(d) Yes.

2. Sam is not interested in retail because __________________.
(a) He believes he will be an insurance salesman.
(b) He does not want to be a businessman.
(c) He wants to purchase a farm.
(d) He wants to go to law school.

3. Sam talks about the impact of the business on _________.
(a) His family.
(b) The United States.
(c) His community.
(d) The world.

4. Sam's attention to his associates and each manager having a minority share in the business sets the stage for _____.
(a) The now-famous annual stockholders meetings.
(b) The now-famous Saturday meetings.
(c) The now-famous semi-annual stockholders meetings.
(d) The now-famous bi-annaul stockholders meetings.

5. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?
(a) They had borrowed as much as they possibly could.
(b) They had decided to borrow money.
(c) They had borrowed some money.
(d) They had spent all of their own money.

Short Answer Questions

1. Sam is always looking for new and different ways to do things and takes great pleasure in ___________.

2. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?

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

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

5. The idea of going public is brought up by __________.

(see the answer key)

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