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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. He thinks many of these failed stores would still be open if they had remembered to ___________.
(a) Hire someone like Sam.
(b) Support Wal-Mart.
(c) Be frugal.
(d) Take care of their customers and employees first.

2. Sam wants to learn more about IBM computers to _________.
(a) See what digital technology can do for Wal-Mart.
(b) Use computer technology just because he likes it.
(c) Be ahead of the competition.
(d) Be cool.

3. Back in the 1960s, with what was Sam more concerned, rather than quality?
(a) Keeping the customers returning.
(b) Good advertising.
(c) Keeping large quantities of products in the store.
(d) Keeping the prices lower than other company's prices for future success.

4. How do the children have just as high a stake in the family business as their parents?
(a) He makes every member of the family a partner in the family business.
(b) He threatens each child.
(c) If he cannot earn enough money, neither do they.
(d) He gives each child money to spend or save.

5. Where are Sam and Bud when they seriously consider the idea of going public?
(a) At Sam's home.
(b) At a Wal-Mart staff meeting.
(c) On vacation in Las Vegas.
(d) Quail hunting at the Robson ranch.

Short Answer Questions

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

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

3. No matter how hard Sam's father worked or how many different jobs he had, what happened?

4. While debating the idea of going public, Sam flies around looking for _________.

5. Sam and his brother Bud go into business together and purchase outright ______________.

(see the answer key)

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