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CAPSIM Questions For Reflection With Correct Solutions
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CAPSIM Questions For Reflection With Correct Solutions
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CAPSIM Questions For Reflection WithCorrect Solutions
Proformas CORRECT ANSWERS projections for upcoming year
Annual Reports CORRECT ANSWERS results from the previous year
Where do you enter departmental decisions? CORRECT ANSWERS Foundation
Spreadsheet
4 Main Company Departments CORRECT ANSWERS 1. Research and Development
2. Marketing
3. Production
4. Finance
(HR and TQM may also be used)
Where is the Customer Survey Score located? CORRECT ANSWERS in Foundations
FastTrack
What year does Foundation FastTrack report? CORRECT ANSWERS reports "Last
Year's Results"
Research and Development (R&D) CORRECT ANSWERS PRODUCT
-designs product line
-invent and revise products
Marketing CORRECT ANSWERS PRICE, PROMOTION, PLACE
-responsible for sales forecasts
Production CORRECT ANSWERS -determines how many units will be manufactured
during the year
-responsible for buying and selling product lines
Finance CORRECT ANSWERS -makes sure your company has the financial resources
it needs to run through the year
-raises $ via 1-year bank notes, 10-year bond, or stock issued
-issues stock dividends, buy back stock, or retire bonds before their due date
Plug-Ins CORRECT ANSWERS -coordinate group discussion and consensus
R&D and Marketing CORRECT ANSWERS make sure products meet customer
expectations
, R&D and Production CORRECT ANSWERS ensure assembly lines are purchased for
new products
Marketing and Production CORRECT ANSWERS -make sure manufacturing quantities
are in line with forecasts
-determines level of capacity
Marketing and Finance CORRECT ANSWERS -project revenues for each product and
set Accounts Receivable Policy
Accounts Receivable Policy CORRECT ANSWERS amount of time customers can take
to pay for their purchases
Finance and Production CORRECT ANSWERS work together when company needs
money for additional equipment
Finance and All Departments CORRECT ANSWERS Finance Department acts as a
watchdog over company expenditures
Practice Rounds CORRECT ANSWERS allow you to organize workflow among the
members of your company
-where you experiment with your decisions in a competitive environment
Competition Rounds CORRECT ANSWERS occurs after practice rounds
-companies compete for up to 8 rounds (8 years)
Decision Audits CORRECT ANSWERS a complete trail of team decisions
-help identify decision-making strengths and weaknesses
To ensure company success, Successful Managers Will (3)... CORRECT ANSWERS -
analyze market and competing products
-create and execute a strategy
-coordinate company activities
Industry Conditions Report CORRECT ANSWERS -help you to understand your
customers
-lists market segment sales percentage and projected growth rates unique to your
simulation
-published ONCE at beginning of simulation
2 Customer Market Segments CORRECT ANSWERS -low tech
-high tech
4 Buying Criteria Considered by Customers CORRECT ANSWERS 1. Price
2. Age
3. MTBF (mean time before failure)
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