View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What does Sam believe are what will continue to keep the customers coming back to shop at your store?
(a) A large inventory.
(b) Low prices.
(c) Persuasive advertising.
(d) Personal touches.

2. The annual stockholders meeting is an extension of the Wal-Mart culture so that ____________.
(a) Sam can impress his investors.
(b) Investors will want to invest more.
(c) Investors can work for Wal-Mart.
(d) Investors can get a real taste for what the company is all about.

3. Does Sam believe he is as hands-on as other managers?
(a) Yes.
(b) Sometimes.
(c) Often.
(d) No.

4. What is the reason that Wal-Mart has succeeded?
(a) Sam is very intelligent.
(b) Sam was in the right place at the right time.
(c) Investors love Wal-Mart and Sam.
(d) It offers a superior alternative to the stores of the past.

5. By 1974, Wal-Mart has how many stores?
(a) 200.
(b) 50.
(c) 100.
(d) 150.

6. Why is Sam able to sit down and help write the book?
(a) He no longer works for Wal-Mart.
(b) He is interested in writing a book.
(c) He is retired.
(d) He is sick.

7. By the time all the changes in management at Wal-Mart are over, roughly how much of the upper management team is gone?
(a) 1/3.
(b) 1/4.
(c) 1/2.
(d) 2/3.

8. Are there ups and downs in the Wal-Mart corporation?
(a) Rarely.
(b) Yes.
(c) No.
(d) Only once.

9. The concept of the variety store changed drastically over the years from the fully-serviced variety store to ___________.
(a) The fully-serviced discount model.
(b) The partially-serviced style.
(c) The discount model.
(d) The self-service style.

10. Wal-Mart gives an annual ____________ scholarship to a local student.
(a) $500.
(b) $1,000.
(c) $1,500.
(d) $2,000.

11. What is rule number five?
(a) Appreciate everything your family does for your business.
(b) Appreciate everything your associates do for your business.
(c) Appreciate everything you do for your business.
(d) Appreciate everything your managers do for your business.

12. What is rule number ten?
(a) Swim upstream. Go against the current. Experiment.
(b) Be ahead of the trends.
(c) Be conservative.
(d) Follow the trends.

13. What does Sam believe is in need of more funds?
(a) Minority groups.
(b) Missions.
(c) Education.
(d) The poor.

14. For what do Sam and his upper management team look in the smaller stores?
(a) Intelligent leaders.
(b) The heroes.
(c) Fun activities.
(d) Problems.

15. How do Sam and Helen involve themselves in pet projects?
(a) In small ways.
(b) Financially.
(c) Both financially and personally.
(d) Personally.

Short Answer Questions

1. The Wal-Mart concept with variety stores allowed people to ___________.

2. Since the beginning, Sam has been extremely connected as __________.

3. How has Sam always felt about competition?

4. Behind whom do the older guys stand?

5. Sam loves quail hunting after being introduced to it by __________.

(see the answer keys)

This section contains 453 words (approx. 2 pages at 300 words per page) View a FREE sample