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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 15: Thinking Small.

Multiple Choice Questions

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

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

3. How has Sam always felt about competition?
(a) It is dangerous.
(b) It is a good thing.
(c) It is a waste of time.
(d) It is a bad thing.

4. Why has Sam pretty much fought all of the technological advances?
(a) He does not like change.
(b) He wants them to be justified.
(c) He does not trust technology.
(d) He does not understand technology.

5. This period of time dictates a __________ period of growth for Wal-Mart.
(a) Small.
(b) Decent.
(c) Minimal.
(d) Large.

Short Answer Questions

1. Eventually, Arend will become Wal-Mart's first ___________.

2. What did Sam have to do when the family was on vacation?

3. To encourage family togetherness, what does Sam do?

4. What does Sam admit was the biggest mistake of his business career?

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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