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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. Although Sam is a small man at only 130 pounds, he works very hard and gets his letter in the sport of ___________.
(a) Baseball.
(b) Basketball.
(c) Tennis.
(d) Football.

2. It is due to _________ that the company has been able to outperform the competition?
(a) The Walton family members.
(b) The executives.
(c) The managers.
(d) The associates.

3. 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 decided to borrow money.
(b) They had borrowed some money.
(c) They had spent all of their own money.
(d) They had borrowed as much as they possibly could.

4. What kind of farm does Sam's family have?
(a) A dairy farm.
(b) An apple farm.
(c) A turkey farm.
(d) A chicken farm.

5. Sam is not interested in retail because __________________.
(a) He wants to go to law school.
(b) He believes he will be an insurance salesman.
(c) He wants to purchase a farm.
(d) He does not want to be a businessman.

Short Answer Questions

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

2. Although there have been a number of changes in the Wal-Mart industry over the years, the Walton family still collectively owns __________ of their own business, which is rare for a major corporation.

3. What do Sam and Bob have Sam's son Rob do for them?

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

5. 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?

Short Essay Questions

1. How does Sam feel about debts and loans?

2. To what does Sam credit the success of the business?

3. What does Sam admit to thinking about throughout most of his life? Who uses Sam's ideas to benefit Wal-Mart? How does this person do this?

4. How does the store in Bentonville benefit Sam?

5. Describe Sam's family.

6. How does Sam decide where to build a Wal-Mart? Why?

7. Give an example of what Sam would do on family vacations.

8. How did Sam treat his employees in the beginning? Why? What has he realized from this?

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

10. Why is Ferold Arend hired? What does he do for Wal-Mart?

(see the answer keys)

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