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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. Ron leaves the company when?

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

3. Are there ups and downs in the Wal-Mart corporation?

4. Did Sam get into the retail business to make money?

5. If your store can provide what they need, including low prices, guaranteed satisfaction, and a wide assortment of goods, can success assured?

Short Essay Questions

1. Describe the reason why Wal-Mart succeeds?

2. Describe the Saturday meetings.

3. What does Sam think about competition?

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

5. How does Sam motivate his employees?

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

7. Describe Sam as a manager.

8. Why is Sam able to write this book?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Sam has ten rules for running a successful company.

Part 1) What are these ten rules? How might Sam have come up with each rule?

Part 2) How can these be considered universal rules? How can they be helpful in any business environment?

Part 3) How can many of these rules be used in your own endeavors?

Essay Topic 2

Sam opens Walton's Five and Dime, which become a success.

Part 1) What leads up to Sam opening Walton's Five and Dime? How does he prepare to open his own store?

Part 2) Why is it so successful? What does this success foreshadow?

Part 3) What does Sam learn from opening and running this first store? How does he use this knowledge later?

Essay Topic 3

Sam has the personality of a promoter.

Part 1) How does he have the personality of a promoter? How has he acquired this personality?

Part 2) How does this personality benefit him and his business? How does this personality also benefit others? How does it hurt other people and businesses in the process?

Part 3) Would someone with a personality such as this ever feel satisfied? Why or why not? Would you want to have a personality such as this? Why or why not?

(see the answer keys)

This section contains 1,057 words (approx. 4 pages at 300 words per page) View a FREE sample