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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Does Sam worry about fluctuating stock prices?
(a) Sometimes.
(b) Yes.
(c) No.
(d) Often.

2. Sam admits to thinking about merchandising every day of his life since _____________.
(a) Since he met Helen's father.
(b) He started.
(c) Since his first job.
(d) He was born.

3. Sam credits the success of the business with what relationship?
(a) The one he has with his wife.
(b) The one Sam has with his father-in-law.
(c) The one he has with his employees.
(d) The one that the managers have with their associates.

4. No matter how hard Sam's father worked or how many different jobs he had, what happened?
(a) His family was never comfortable.
(b) He never felt like he could work hard enough.
(c) He was never happy.
(d) His family was never satisfied.

5. Helen had to help Sam sign the notes to secure all the money and by the time it was ready, what had happened?
(a) They had borrowed some money.
(b) They had spent all of their own money.
(c) They had borrowed as much as they possibly could.
(d) They had decided to borrow money.

Short Answer Questions

1. Before Wal-Mart, what did the Waltons like to do?

2. How does Sam feel never being on a losing team helped him?

3. In 1962, four large companies started discount stores, including _____________ besides Wal-Mart?

4. When he is 14, Sam saves a boy from ____________.

5. Ever since Sam took out his first bank loan, he has not been comfortable or happy with ___________.

Short Essay Questions

1. Why does Sam believe that Wal-Mart is successful? Why do other stores fail?

2. How is Sam's appreciation for the dollar further ingrained?

3. How did Sam help his family financially? What does he believe about the role of children in the family?

4. Who plants the idea in Sam's mind of going public? How does he do this?

5. Describe Sam's family.

6. How would Sam spy on Kmart?

7. What does Sam do while debating the idea of going public?

8. What is the one mistake for which Helen cannot forgive Sam? Why?

9. What does Sam do once Walton's Five and Dime is a success?

10. With what traits does Sam say is is over-blessed? What does he do with these traits during his adolescence?

(see the answer keys)

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