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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 many people have contributed to the advances in technology at Wal-Mart, who gets the lion's share of gratitude from Sam?
(a) David Glass.
(b) Helen Walton.
(c) Mike Smith.
(d) Rob Walton.

2. Did Sam get into the retail business to make money?
(a) Only at first.
(b) Somewhat.
(c) Yes.
(d) No.

3. He and his family recognize how fortunate they have been in the success of Wal-Mart and consequently they ______.
(a) Give many thanks.
(b) Save most of their money.
(c) Spend their money as they like.
(d) Give back to the community.

4. The Wal-Mart concept with variety stores allowed people to ___________.
(a) Come when they wanted to.
(b) Choose other stores.
(c) Feel comfortable making purchases.
(d) Come to one place to find a range of goods at low prices.

5. What is one of the most important changes in the Wal-Mart culture in recent years?
(a) Women in the workplace.
(b) New technology.
(c) The need for female executives.
(d) The need for women managers on the floor.

Short Answer Questions

1. What award is given out at these annual meetings?

2. Jack Shewmaker comes into the picture as a potential candidate for ___________.

3. Sam eventually returns to Newport, Arkansas, and opens a Wal-Mart near ________.

4. Does Sam believe he is as hands-on as other managers?

5. What is rule number seven?

Short Essay Questions

1. What does Sam say to support his philosophy of thinking small?

2. What does Sam think about competition?

3. How does the increase in re-urbanization benefit Wal-Mart?

4. Describe Wal-Mart's run-in with Kmart.

5. What is the "whistle while you work" mentality? How does this benefit the employee and the company?

6. What is Sam's motto that he frequently repeats?

7. Describe the reason why Wal-Mart succeeds?

8. What has been Sam's behavior toward technological advances?

9. What are five rules given by Sam for running a successful company?

10. Describe the Saturday meetings.

(see the answer keys)

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