View a FREE sample

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

Multiple Choice Questions

1. What award is given out at these annual meetings?
(a) The VIP of the year award.
(b) The PVI of theyear award.
(c) The VPI of the year award.
(d) The VMA of the year award.

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

3. With what is Sam greatly concerned?
(a) Tax evasion.
(b) Poverty.
(c) Education.
(d) Minority groups.

4. Sam notes ____________ regarding the idea that many consider him to be on the cutting edge of technology?
(a) Many executives would disagree.
(b) Many executives would not be surprised.
(c) Many executives would agree.
(d) Many executives snicker.

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

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

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

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

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

10. Sam has plenty of money. What could he have bought?
(a) An island on which to play with his grandchildren.
(b) More vacation time.
(c) A yacht.
(d) A larger home.

11. Sam loves quail hunting after being introduced to it by __________.
(a) Helen's father.
(b) Helen.
(c) Mike Smith.
(d) His father.

12. What is rule number eight?
(a) Exceed your own expectations.
(b) Exceed your customers' expectations and enjoy their return.
(c) Exceed the expectations of all others.
(d) Exceed your employees' expectations.

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

14. What are a regular part of the Wal-Mart culture and partnership?
(a) Problems.
(b) Stunts.
(c) Pranks.
(d) Parties.

15. When did Wal-Mart take on Kmart?
(a) 1988.
(b) 1972.
(c) 1978.
(d) 1982.

Short Answer Questions

1. What does Sam give his associates and managers?

2. After Sam quasi-retired, financial analysts ___________.

3. Sam always encourages competition. What does Sam think of this divisive stance?

4. He has had the time of his life running Wal-Mart, but has been wondering _________.

5. Did Sam get into the retail business to make money?

(see the answer keys)

This section contains 530 words (approx. 2 pages at 300 words per page) View a FREE sample