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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 17: Running a Successful Company: Ten Rules that Worked for Me.

Multiple Choice Questions

1. Why is Ferold Arend hired?
(a) To take over Sam's position.
(b) To improve the technology at Wal-Mart.
(c) To be CEO of Wal-Mart.
(d) To push Wal-Mart into the best distribution center possible.

2. Sam starts to hear about discounting companies. He knows that discounting is the way of the future but is fully immersed in what?
(a) Boutiques.
(b) Discount stores.
(c) Franchising.
(d) Variety stores.

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

4. Since the beginning, Sam has been extremely connected as __________.
(a) A businessman.
(b) A manager.
(c) An employee.
(d) A promoter.

5. Is this sharing of information considered a success?
(a) Yes.
(b) Sometimes.
(c) No.
(d) Rarely.

Short Answer Questions

1. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?

2. After he and Helen marry, Sam aims to build his family financial structure similar to ____________.

3. They officially close the door on ___________.

4. 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?

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

(see the answer key)

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