BUS 201 MIDTERM CAPSIM BASICS QUESTIONS WITH
ACCURATE ANSWERS
A company gets an emergency loan, aka goes bankrupt, when it doesn't have
sufficient ________ correct answer cash.
According to Project Aristotle, what team norm is the greatest principle of team
effectiveness? correct answer Psychological Safety
Describe what a production department does in the real world. correct answer
They make goods, manufacture products, take raw materials and create product
and makes sure it goes to consumers.
DuPont Formula? correct answer ROS * Asset Turnover * Leverage
Four Basic Business Strategies correct answer Cost Leadership, Cost Focus,
Differential Narrow, Differential Focus
If you want to reduce labor costs, what should you change in capsim? correct
answer Automation
If you want to reduce your material costs, what do you need to change in Capsim?
correct answer MTBF (mean time before failure) and positioning
If your leverage is 4.0, what do you have? correct answer Too much debt. 1/4
equity and 3/4 with debt.
ACCURATE ANSWERS
A company gets an emergency loan, aka goes bankrupt, when it doesn't have
sufficient ________ correct answer cash.
According to Project Aristotle, what team norm is the greatest principle of team
effectiveness? correct answer Psychological Safety
Describe what a production department does in the real world. correct answer
They make goods, manufacture products, take raw materials and create product
and makes sure it goes to consumers.
DuPont Formula? correct answer ROS * Asset Turnover * Leverage
Four Basic Business Strategies correct answer Cost Leadership, Cost Focus,
Differential Narrow, Differential Focus
If you want to reduce labor costs, what should you change in capsim? correct
answer Automation
If you want to reduce your material costs, what do you need to change in Capsim?
correct answer MTBF (mean time before failure) and positioning
If your leverage is 4.0, what do you have? correct answer Too much debt. 1/4
equity and 3/4 with debt.
