ROUND 1
1
In order to sell a product at a profit the product must be priced higher
than the total of what it costs you to build the unit, plus period
expenses, and plus overhead.
At the end of last year the broad cost leader Chester had an Elite
product Camp. Use the Inquirer's Production Ana...
CapSim Final Board Questions 100% correct answers
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ROUND 1
1
In order to sell a product at a profit the product must be priced higher
than the total of what it costs you to build the unit, plus period
expenses, and plus overhead.
At the end of last year the broad cost leader Chester had an Elite
product Camp. Use the Inquirer's Production Analysis to find Camp's
production cost, (labor+materials). Exclude possible inventory
carrying costs. Assume period expenses and overhead total 1/2 of
their production cost. What is the minimum price the product could
have been sold for to cover the unit cost, period expenses, and
overhead?
Select: 1Save Answer
$10.72
$32.17
$35.00
$21.45
2
Demand is created through meeting customer buying criteria, credit
terms, awareness (promotion) and accessibility (distribution).
According to the Thrift segment's customers, which of these products
was the most competitive at the end of last year?
Select: 1Save Answer
Coat
Bid
Bold
Agap
e
3
Your team has recently experienced some difficulties and setbacks.
Some of your teammates have expressed their lack of confidence in the
team. Which of the following tactics is most likely to help boost your
teammates’ perception of the team’s capability to perform well?
Select: 1Save Answer
, Identify the team’s weak links that led to the team’s past
failures. Encourage your teammates to focus on the future and
past not to dwell on the
.
Discuss the past successes your team has had and how the team
pulled
together to get the job done.
Allow time at a team meeting for everyone to openly share
any complaints they might have about one another.
4
Your first team meeting is dedicated to setting goals for a new and
challenging project. Which of the following actions would be most
effective in helping your team attain its goals?
Select: 1Save Answer
Review the goals to make sure they are inspirational enough to
carry the team through difficult times.
Ensure that the team goals are specific and challenging.
Ask a member of senior management to make a presentation
about the importance of the team’s success in reaching its goals.
Ensure that the team goals are general enough to allow for
freedom in how tasks are accomplished.
5
You were recently hired by the Andrews CEO as a consultant to
evaluate the performance of the Chief Financial Officer (CFO). As part
of that process, you interview the CFO's direct reports (employees).
Although they indicate that the CFO is technically competent, one
individual told you stories about the CFO's verbal abuse with
employees. Given this information, what would be the most effective
next step in the process?
Select: 1Save Answer
Collect more information about the extent to which this
reported behavior is impacting others.
Tell the CEO about what you have uncovered and ask for her
permission to speak about it with the CFO.
Focus on the CFO’s work performance since his personal
behavior is inappropriate in the workplace.
Inform the human resources department that there is a potential
problem.
6
Select all of the following statements that are true four years from
now, in the year 2020.
Select: 2Save Answer
The Core segment will demand 9,782
thousand units The Elite segment will demand
5,876 thousand units The Thrift segment will
demand 7,748 thousand units The Nano
segment will demand 5,409 thousand units
, 7
You are having a lunch meeting with a loyal and very good customer.
Over lunch you happen to mention that your application to an
exclusive golf club was denied for the second time. Your customer
responds, "Hey, why didn’t you tell me? My family has been members
there for 40 years, let me make a phone call, I’m sure we can get it
worked out." Which of the following statements should represent your
primary concern about this situation?
Select: 1Save Answer
Current members of the club are likely to know I wasn’t accepted
through the proper channels.
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