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