Capsim Practice Quizes

2. Hiring the Needed Complement will always eliminate A. Overtime B. worker layoffs C. a Second Shift D. strikes

A. Overtime

3. If a company with low automation wanted to invest in a single area that exclusively lowers labor costs, they would select: A. QIT (Quality Initiative Training) B. Concurrent Engineering C. Vendor/JIT (Just in Time [Inventory])

A. QIT (Quality Initiative Training)

5. The TQM report can be accessed from A. The Capstone(r) Courier B. The Decisions menu.

A. The Capstone(r) Courier

4. What are your company's options for raising money? Borrowing Long-term debt Borrowing Short-term debt Issuing Stock A and C only A, B and C

A, B and C

8. Each inside salesperson costs. A. $50,000 B. $75,000 C. $60,000 D. $40,000

A. $50,000

8. Worker training is entered by the A. Hour B. Dollar

A. Hour

1. True or False: Forecasts are set on the Marketing Budget Detail spreadsheet. A. True B. False

B. False

2. True or False: Each market segment responds to different types of media (e.g. print, direct mail, etc.) to a varying degree. It follows that each product must be identified with its target segment. Product target segments are identified by their placement on the Perceptual Map. A. True B. False

B. False

9. Teams can eliminate all Recruiting Costs if they wish A. True B. False

B. False

6. Recruiting Costs are incurred when A. Automation levels increase B. Production runs increase and teams match hiring to Needed Complement C. workers are assigned to a Second Shift

B. Production runs increase and teams match hiring to Needed Complement

3. Each additional advertisement increases customer awareness by _____________the first. A. the same amount as B. a lesser amount than C. a greater amount than

B. a lesser amount than

3. Management should strive to A. increase Turnover B. decrease Turnover

B. decrease Turnover

7. Assuming the Productivity Index is greater than 100%, adding Overtime will A. increase the Productivity Index B. decrease the Productivity Index

B. decrease the Productivity Index

1. Investing in the same TQM Initiative round after round will create A. ever increasing returns B. diminishing returns C. the same amount of return

B. diminishing returns

7. In the Sales Budget Resource, the outside sales force meets with customers face-to-face. The cost of each salesperson includes which of the following? A. Salary and commission B. Travel and Support C. None of the above D. Both A and B

D. Both A and B

10. Generally, Separation Costs will be incurred when A. Production levels increase B. Automation Levels increase C. Production Levels decrease D. Production levels decrease and / or Automation levels increase

D. Production levels decrease and / or Automation levels increase

5. In the Promotion Budget Resource, teams can select which of the following media areas. A. Print Media and Television B. Email and Telephone Contact C. Trade and Road Shows D. Web Media and Direct Mail

D. Web Media and Direct Mail

5. Prices are established by the: Finance Department Marketing Department Production Department R&D Department

Marketing Department

6. The Proformas are dynamic financial statements that recalculate based on your decisions. True False

True

3. Which of these investments is not a function of the Production department? Increasing Automation Wage Increases Creating new production lines

Wage Increases

4. True or False: The Marketing Budget Detail asks teams to determine budgets by product and segment. A. True B. False

A. True

9. True or False: Distributors are a separate Sales channel. A. True B. False

A. True

4. Increasing Capacity tends to A. reduce the Needed Complement B. reduce the number of workers on Second Shift C. reduce Overtime

B. reduce the number of workers on Second Shift

6. The Target Segment selection lets teams: A. move their products from one location on the Perceptual Map to another B. select which segment their promotion efforts should be directed towards. C. Both A and B

B. select which segment their promotion efforts should be directed towards.

2. According to the S-Shaped curve, diminishing returns for a single year budget become noticeable at A. $1,000,000 B. $1,500,000 C. $2,000,000

C. $2,000,000

4. The exact outcome of TQM efforts appear on the TQM Report, and as bar charts on the TQM spreadsheet. These results are for A. the previous round only B. the upcoming round only C. cumulative for the previous and all remaining rounds (assuming no additional investment is made)

C. cumulative for the previous and all remaining rounds (assuming no additional investment is made)

1. Production runs can be scheduled in A. only one shift B. always two shifts C. one or two shifts D. up to three shifts

C. one or two shifts

2. What is the industry newsletter called Capstone Courier Capstone Quarterly Capstone Messenger

Capstone Courier

5. Increasing Training Hours tends to A. increase the Needed Complement B. decrease the Needed Complement C. neither increase nor decrease the Needed Complement D. both increase and decrease the Needed Complement

D. both increase and decrease the Needed Complement

1. Products are invented and revised by which department? Marketing Production Research and Development Finance

Research and Development