Capsim Core Video Quiz Insights for Business Management

Studocu is not sponsored or endorsed by any college or university Capsim Core Video Quiz Answers Business Environment and Organization (McMaster University) Studocu is not sponsored or endorsed by any college or university Capsim Core Video Quiz Answers Business Environment and Organization (McMaster University) Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

Question 4 0 / 1 point Which colour represents high-tech customers on the perceptual map? Question options: a) Pink b) Black c) Blue Hide Feedback CapsimCore Video 3m 7s Question 5 0 / 1 point Which colour represents low-tech customers on the perceptual map? Question options: a) Black b) Yellow c) Blue Hide Feedback CapsimCore Video 3m 7s Question 6 0 / 1 point Your first decision should be which market you would like to target. Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

Question options: True False Hide Feedback CapsimCore Video 3m 36s Question 7 0 / 1 point Which colour is the dot that represents your updated colour on the perceptual map? Question options: a) Black b) Green c) Yellow Hide Feedback CapsimCore Video 8m 24s Question 8 0 / 1 point It is important to ensure that your product update occurs within a year. Question options: True False Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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CapsimCore Video 9m 3s Question 9 0 / 1 point The only exception to ensuring your product updates occur within a year is Question options: a) If you have an emergency loan. b) If you are targeting the low-tech segment. c) If you have more than one product. Hide Feedback CapsimCore Video 9m 9s Question 10 0 / 1 point Age refers to how old a product appears to a customer. Question options: True False Hide Feedback CapsimCore Video 9m 29s Question 11 0 / 1 point What is the minimum amount of time it will take to build a new product? Question options: a) 1 year Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

b) 2 years c) 6 months Hide Feedback CapsimCore Video 11m 29s Question 12 0 / 1 point Why wait a few years before releasing a new product? Question options: a) You can only have one product for the first four rounds b) You want to be financially stable c) Too much market penetration will result in confusion amongst customers Hide Feedback CapsimCore Video 11m 41s Question 13 0 / 1 point What is the minimum recommended promotional budget? Question options: a) $1,000 b) $5,000 c) $1,500 Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

Hide Feedback CapsimCore Video 13m 33s Question 14 0 / 1 point The sales budget refers to how much should be invested in commercials. Question options: True False Hide Feedback CapsimCore Video 13m 44s Question 15 0 / 1 point Which of the following is increased by an increase in the sales budget? Question options: a) Market penetration b) Customer loyalty c) Accessibility Hide Feedback CapsimCore Video 15m 1s Question 16 0 / 1 point Forecasting is used to project Question options: Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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a) How many customers are in the market. b) How many sales you can expect to make. c) How much you should budget for promotions. Hide Feedback CapsimCore Video 15m 37s Question 17 0 / 1 point If you have more than one product, you only input marketing decisions once and it will apply to all products. Question options: True False Hide Feedback CapsimCore Video 16m 33s Question 18 0 / 1 point Capacity refers to Question options: a) Plant space. b) An employee's ability to perform. c) Product size. Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

CapsimCore Video 19m 10s Question 19 0 / 1 point Capacity will be built and ready to be used right away (i.e., in the same year). Question options: True False Hide Feedback Capsimcore Video 19m 47s Question 20 0 / 1 point What does automation refer to? Question options: a) People that build sensors b) Offshoring to build sensors c) Robots that build sensors Hide Feedback CapsimCore Video 20m 28s Question 21 0 / 1 point What determines your maximum investment? Question options: a) Number of employees Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

b) Total products c) Success of the company Hide Feedback CapsimCore Video 22m 15s Question 22 0 / 1 point What is the MOST important production metric? Question options: a) Total variable cost b) Contribution margin c) Capacity View Feedback Question 23 0 / 1 point Which of the following is the MINIMUM recommended contribution margin? Question options: a) 27% b) 30% c) 20% Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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Hide Feedback CapsimCore Video 24m 20s Question 24 0 / 1 point Why are 10-year bonds effective for long term debt? Question options: a) The simulation is only 8 years long b) You are less likely to require an emergency loan c) The interest rate is higher on bonds View Feedback Question 25 0 / 1 point Your closing cash position should be about 5-10% of your projected sales. Question options: True False Hide Feedback CapsimCore Video 28m 15s Question 26 0 / 1 point Where can you find your projected sales? Question options: a) Proforma Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

b) Production area c) Dashboard Hide Feedback CapsimCore Video 28m 20s Question 27 0 / 1 point Getting an emergency loan from Big Al is a sign of wealth and prosperity for your company. Question options: True False Hide Feedback CapsimCore Video 31m 30s Question 28 0 / 1 point You can avoid an emergency loan by borrowing as needed. Question options: True False View Feedback Question 29 0 / 1 point The final save will be your final decisions for the round. Question options: True Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

False Hide Feedback CapsimCore Video 32m 50s Question 30 0 / 1 point How many basic strategies are there? Question options: a) 10 b) 4 c) 6 Hide Feedback Capsimcore video 33m 28s Question 31 0 / 1 point You will be graded in this course on the Star Summary. Question options: True False Hide Feedback CapsimCore Video 35m 0s Question 32 0 / 1 point Where do you look for results once a round has been processed (i.e., closed)? Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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Question options: a) Star Summary b) Simulation Report c) Gradebook Hide Feedback CapsimCore Video 36m 14s Question 33 0 / 1 point This video discusses all the following topics EXCEPT Question options: a) How do I make the right decisions? b) How do I make my group members listen to me? c) How do I interpret my results? Hide Feedback CapsimCore Video 0m 32s Question 34 0 / 1 point To access the Web application, you need to click on the simulation tab. Question options: True False Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

Hide Feedback CapsimCore Video 1m 5s Question 35 0 / 1 point In the practice rounds, try to maximize your KPIs. Question options: True False Hide Feedback CapsimCore Video 1m 59s Question 36 0 / 1 point Products are designed in Research and Development. Question options: True False Hide Feedback CapsimCore Video 2m 23s Question 37 0 / 1 point The customer buying criteria tells you how customers want their products to be designed and priced. Question options: True False Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

CapsimCore Video 2m 50s Question 38 0 / 1 point The shading in the perceptual map (i.e., the sweet spot) is where customers prefer their products to be positioned. Question options: True False Hide Feedback CapsimCore Video 3m 20s Question 39 0 / 1 point To be successful in the simulation, you should target both low-tech and high-tech customers. Question options: True False Hide Feedback CapsimCore Video 3m 42s Question 40 0 / 1 point All customers want smaller sensors so that they can put them in more products. Question options: True False Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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Hide Feedback CapsimCore Video 5m 7s Question 41 0 / 1 point You should increase performance regularly. Question options: True False Hide Feedback CapsimCore Video 5m 20s Question 42 0 / 1 point When you lower reliability, material costs will go up. Question options: True False Hide Feedback CapsimCore Video 6m 5s Question 43 0 / 1 point High-tech customers care about performance. Question options: Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

True False Hide Feedback CapsimCore Video 7m 40s Question 44 0 / 1 point Low-tech customers care MOST about Question options: a) Size b) Price c) Performance Hide Feedback CapsimCore Video 7m 55s Question 45 0 / 1 point In Marketing, when pricing your product, you need to consider consumer buying criteria. For example, high-tech customers care about performance. Question options: True Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

False Hide Feedback CapsimCore Video 12m 10s Question 46 0 / 1 point The more you promote your product, the more your customers will know your product exists. Question options: True False Hide Feedback CapsimCore Video 13m 25s Question 47 0 / 1 point To learn about forecasting, consider all these options EXCEPT Question options: a) Contact Capsim Support b) Check out the documentation in the training and User Guide c) Ask Professor Cossa Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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CapsimCore Video 43m 35s Question 48 0 / 1 point The sales budget spend should range from $1,000 to $3,000. Question options: True False Hide Feedback CapsimCore Video 15m 15s Question 49 0 / 1 point To improve your contribution margin (i.e., decrease it), you can lower your price. Question options: True False Hide Feedback CapsimCore Video 24m 40s Question 50 0 / 1 point When forecasting, which of the following decisions is LEAST important? Question options: Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

a) Production and how many products to produce b) Finance and how much money to borrow based on how much to sell c) Marketing and the name of your product. Hide Feedback CapsimCore Video 16m 1s Question 51 0 / 1 point Production prior to adjustment will be the actual number of sensors you will produce. Question options: True False Hide Feedback CapsimCore Video 18m 18s Question 52 0 / 1 point You should never produce more than you forecast. Question options: True False Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

Hide Feedback CapsimCore Video 18m 50s Question 53 0 / 1 point To improve your contribution margin (i.e., decrease it), you can increase your reliability. Question options: True False Hide Feedback CapsimCore Video 25m 5s Question 54 0 / 1 point Automation improvements will decrease labour costs. Question options: True False Hide Feedback CapsimCore Video 20m 44s Question 55 0 / 1 point Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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Decisions around retiring long-term debt (bonds) are usually made in Rounds 4 to 8. Question options: True False Hide Feedback CapsimCore Video 27m 12s Question 56 0 / 1 point Buying back stock decreases your share price. Question options: True False Hide Feedback CapsimCore Video 27m 30s Question 57 0 / 1 point Issuing dividends in back-to-back years will help you increase your stock price. Question options: True Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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False Hide Feedback CapsimCore Video 27m 40s Question 58 0 / 1 point Every decision you make in finance should be decided by your closing cash position. Your case position should be 5-10% of your projected sales. Question options: True False Hide Feedback CapsimCore Video 30m 5s Question 59 0 / 1 point You can save decisions by department or you can save all decisions. Question options: True False Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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CapsimCore Video 32m 30s Question 60 0 / 1 point Before making your first round of practice decisions, you should select one strategy. Question options: True False Hide Feedback CapsimCore Video 34m 10s Question 61 0 / 1 point The value of the Round 0 Report is that it gives you an idea of what is in the Report. Question options: True False Hide Feedback CapsimCore Video 36m 39s Question 62 0 / 1 point In the Report, you can see competitor results. Question options: Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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True False Hide Feedback CapsimCore Video 36m 49s Question 63 0 / 1 point You should review the Report results after a round has processed as it will influence your next round of decisions. Question options: True False Hide Feedback CapsimCore Video 37m 10s Question 64 0 / 1 point Each of the success measures has an information bubble that will explain the metric. Question options: True False Hide Feedback Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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CapsimCore Video 38m 12s Question 65 0 / 1 point Your group will be evaluated on your company's performance across six metrics. Question options: True False Hide Feedback CapsimCore Video 41m 35s Downloaded by Yaman Abu Isheh (yarmennoodles@gmail.com) lOMoARcPSD|21433665

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