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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. After Sam quasi-retired, financial analysts ___________.
(a) Publicly questioned a CEO who had stepped down from the leadership role.
(b) Publicly questioned a CEO that could not really step down from the leadership role.
(c) Publicly questioned a CEO that never steps down from the leadership role.
(d) Publicly questioned a CEO that would like to step down from the leadership role.

2. Why is Sam able to sit down and help write the book?
(a) He is retired.
(b) He is sick.
(c) He no longer works for Wal-Mart.
(d) He is interested in writing a book.

3. By 1974, Wal-Mart has how many stores?
(a) 200.
(b) 50.
(c) 150.
(d) 100.

4. Are there ups and downs in the Wal-Mart corporation?
(a) Yes.
(b) No.
(c) Rarely.
(d) Only once.

5. 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) Mike Smith.
(c) Rob Walton.
(d) Helen Walton.

Short Answer Questions

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

2. The Wal-Mart concept with variety stores allowed people to ___________.

3. What are the consequences of the competition between Wal-Mart and Kmart?

4. What is rule number one?

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

Short Essay Questions

1. Describe the Saturday meetings.

2. Who has been involved the most in the advancements in technology for Wal-Mart?

3. What does Sam think about competition?

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

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

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

7. Describe the annual stockholder meetings.

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

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

10. What does Sam think about the way he has spent his life? What is the message he gives at the end of the book?

(see the answer keys)

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