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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. What does Sam encourage his management and associates to always do?
(a) Think of fun and interesting things to do in the store.
(b) Stay positive.
(c) Work hard.
(d) Make work hours go by quickly.

2. At first, Wal-Mart only dealt with ____________.
(a) Other large competitors.
(b) Its employees.
(c) Other regional and smaller competitors.
(d) Customers.

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

4. To what does Sam compare the results of Wal-Mart's popularity?
(a) The evolution of man.
(b) Religion.
(c) Fads.
(d) It is evolution similar to that of buggy horses to cars.

5. Sam reflects on what __________ has done for him and his family.
(a) Good luck.
(b) Faith.
(c) Intelligence.
(d) Great wealth.

Short Answer Questions

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

2. Although many people have contributed to the advances in technology at Wal-Mart, who gets the lion's share of gratitude from Sam?

3. What does each store still apply?

4. Since the beginning, Sam has been extremely connected as __________.

5. Sam notes ____________ regarding the idea that many consider him to be on the cutting edge of technology?

Short Essay Questions

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

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

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

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

5. What happens when Sam comes out of retirement?

6. Describe Sam as a manager.

7. Describe the annual stockholder meetings.

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

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

10. Describe the Saturday meetings.

(see the answer keys)

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