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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. Sam wants to organize everything and make it ____________.
(a) Better for him.
(b) Better and more efficient.
(c) More financially solvent.
(d) More exciting.

2. What does Sam do everywhere he travels?
(a) He has to fight the competition.
(b) He has to promote his business.
(c) He has to visit friends.
(d) He has to check out the competition.

3. He decides to run for the student body president and wins by doing one important move. What is that move?
(a) Recruiting followers.
(b) He speaks to people before they speak to him.
(c) Bribing his fellow students with money or passing grades.
(d) Blackmailing some of the student body.

4. Right away, Sam looks for other store opportunities and drives to Fayetteville to find a store whose only competitor is _________.
(a) Woolworth.
(b) JC Penney.
(c) Meijer.
(d) Ben Franklin.

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

Short Answer Questions

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

2. Phil gets a great deal on a laundry detergent like Tide, and has 18 cases sent to his store and creates the world's largest display of detergents, stacking them almost __________ feet high?

3. A number of employees have gained a great deal of financial wealth from ____________.

4. Sam enlists the help of Charlie Baum, whom he met ______________.

5. When does Wal-Mart become a publicly-traded company?

Short Essay Questions

1. What does Sam do when he is about to graduate from college?

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

3. How does Sam's experience in football reflect his personality traits?

4. What is known about Sam Walton's childhood? What did he learn during this time about one's ability to make money?

5. How do Sam and Helen feel about leaving Newport? What are their plans now?

6. How is Sam a maverick in the business world?

7. How does the store in Bentonville benefit Sam?

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

9. How does Sam encourage family togetherness? How does he also continue to obsess over business matters at the same time?

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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