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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8: Rolling Out the Formula.

Multiple Choice Questions

1. Sam purchases ____________ that only travels about 100 miles an hour.
(a) A helicopter.
(b) A little car.
(c) A little plane.
(d) A bus.

2. Don Whitaker comes to the Wal-Mart organization from TG&Y. He is a hard-working and smart man who establishes a great philosophy for the company. What is this philosophy?
(a) Let's be quick and quiet.
(b) Let's be number one. Let's be honest and hard-working.
(c) Let's be out front. Let's do it right. Let's get it done now and get on with it.
(d) Let's do it now and do it right.

3. It is 1962 and many of the successful discounters are doing what, of which Sam seems to disapprove?
(a) Building new stores.
(b) Selling low-quality products.
(c) Buying out stores.
(d) Driving fancy cars and living in large homes.

4. In 1962, four large companies started discount stores, including _____________ besides Wal-Mart?
(a) Giant Eagle, Target, Woolco, and Woolworth.
(b) Meijer, Giant Eagle, Kmart, and Target.
(c) Kmart, Woolworth, Woolco, and Target.
(d) Kmart, Woolworth, Sears, and Meijer.

5. Sam is about to graduate with a degree in business and has plenty of energy, but is unsure ___________.
(a) Where he wants to live.
(b) Where his future lies.
(c) If he wants to go to graduate school.
(d) If he wants to be in business.

Short Answer Questions

1. Why does Helen want four children by the time she is thirty?

2. Although Sam is a small man at only 130 pounds, he works very hard and gets his letter in the sport of ___________.

3. At the time, nobody wants to invest in the idea with Bud putting only 3 percent into it and another manager from Texas putting in 2 percent. Other than that, Sam had to come up with what percent of the financing on his own?

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

5. Sam admits to thinking about merchandising every day of his life since _____________.

(see the answer key)

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