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

2. Wal-Mart gives an annual ____________ scholarship to a local student.
(a) $1,000.
(b) $1,500.
(c) $2,000.
(d) $500.

3. Behind whom do the older guys stand?
(a) Ferold.
(b) Bob.
(c) Rob.
(d) Helen.

4. What does Sam give his associates and managers?
(a) Specific tasks to complete.
(b) The freedom to experiment and test things on their own.
(c) Many raises.
(d) Gifts for their birthdays.

5. What is rule number seven?
(a) Listen to the suggestions of other businessmen.
(b) Listen to your financial advisors.
(c) Listen to everyone in your company and find ways to get them talking.
(d) Listen to your heart.

Short Answer Questions

1. Sam explains the difference between Wal-Mart and a number of other potentially-profitable businesses is that _________.

2. How do Sam and Helen involve themselves in pet projects?

3. In Chapter 18, Sam reflects on _______.

4. For what do Sam and his upper management team look in the smaller stores?

5. Many people have argued that Wal-Mart has done what to the small shops in rural towns?

Short Essay Questions

1. How does he give back? Why does he give back in this way?

2. When Sam decides to become less involved with the business, what two camps remain?

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

4. Describe Wal-Mart and Sam by 1974.

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

6. What happens when Sam comes out of retirement?

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

8. What does Sam think about competition?

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

10. How does Sam counter the argument that Wal-Mart has destroyed the small shops in rural towns?

(see the answer keys)

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