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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Sam is not interested in retail because __________________.

2. His stores have been growing at a good rate, and he feels their success is partly due to placing stores __________.

3. What would Sam do when he would drop Alice off at a horse show?

4. When Sam did not like the attention given to him and his family by the press, he put a lid on the personal information released to the public. What happened because of this reason according to Sam?

5. Although Sam is a small man at only 130 pounds, he works very hard and gets his letter in the sport of ___________.

Short Essay Questions

1. What can Sam do now that he is out of debt?

2. How does Sam encourage family togetherness? How does he also continue to obsess over business matters at the same time?

3. What has happened at Wal-Mart regarding unions? Why?

4. What does Sam say is the biggest business mistake in his life? What might have led to this?

5. What does Wal-Mart have in regards to profit-sharing?

6. Describe Sam's family.

7. How does Sam's experience in football reflect his personality traits?

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

9. How do Sam and Helen feel about leaving Newport? What are their plans now?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Wal-Mart has benefited from technology.

Part 1) Describe this technology. How has his belief about putting others first and being willing to let go of ego benefited his company, in respect to technological advances?

Part 2) How has competition also encouraged technological advancement and evolution? How have other companies been hurt by Sam's willingness to trust others and allow for risks to take place?

Part 3) How has technology changed during your own lifetime? How important is technology in your own life? Why?

Essay Topic 2

Sam is unhappy with debt.

Part 1) How does he end up in debt? Why does debt bother him?

Part 2) How does he get out of debt? How does he feel about this? Why does he feel this way? How does Helen feel about this? Why does she feel this way?

Part 3) How is debt an issue for many Americans today? What can one do who is in debt?

Essay Topic 3

Competition is important to Sam.

Part 1) How does Sam show that competition is important? Why is it important to Sam? Do you agree with him? Why or why not? Would he feel this way about competition if it started to hurt his company? Why or why not?

Part 2) How does Sam argue that competition and evolution are good? Do you agree with his argument? Why or why not?

Part 3) How is competition found in you own life? How have you benefited from competition?

(see the answer keys)

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