capsim
What are your company's options for raising money?
A, B, and C.
Suppose workers earn $20.00 in the current contract. There are only two teams, Andrews and Baldwin. Labor demands $22.00. Andrews gives its negotiators a range of $20.20 to $22.20. Baldwin gives its negotiators a range of $23.00 to $25.00. Will Labor strike
Andrews
The TQM report can be accessed from the ____________.
Capstone Courier
What is the industry newsletter called?
Capstone Courier
Teams can eliminate all Recruiting Costs if they wish
False
True or False: The exact outcome of TQM efforts appear on the TQM Report, and as bar charts on the TQM spreadsheet. These results are for the previous round only, assuming no additional investment is made.
True
True or False: If a company with low automation wanted to invest in a single area that exclusively lowers labor costs, they would select QIT (Quality Initiative Training).
True
Prices are established by the:
Marketing department
Generally, Separation Costs will be incurred when
Production levels decrease and / or Automation levels increase
Recruiting Costs are incurred when
Production runs increase and teams match hiring to Needed Complement
Products are invented and revised by which department?
Research and development
Increasing Training Hours tends to
both increase and decrease the Needed Complement.
Management should strive to
decrease turnover
Generally speaking, a team with high levels of automation would be inclined to:
Make a generous offer to the unions to avoid a strike and impose higher labor costs on competitors
Labor sees all of the opening offers from all of the teams at once.
True
The Proformas are dynamic financial statements that recalculate based on your decisions.
True
The maximum length of a strike is 12 weeks.
True
True or False: According to the S-Shaped curve, diminishing returns for a single year budget become noticeable at $2,000,000.
True
True or False: Diminishing returns will occur when investing in the same TQM Initiative round after round.
True
Which of these investments is not a function of the Production department?
Wage Increases
Assuming the Productivity Index is greater than 100%, adding Overtime will
decrease the productivity index
Production runs can be scheduled in...
one or two shifts
Hiring the Needed Complement will always eliminate
overtime
Increasing capacity tends to...
reduce the number of workers on second shift
The new contract that you negotiate with Labor will take affect...
starting January 1st of the year after the negotiation