PSY 255 QUIZ 2 COMPLETE STUDY GUIDE
WITH SOLVED QUESTIONS
◉ What roles will students play in the simulation?
Answer: Students will play as either a low-cost provider or a
differentiator.
◉ How many decisions will students make individually in the
simulation?
Answer: Eight decisions.
◉ What will happen after the individual decisions in the simulation?
Answer: Students will reverse roles and make decisions again.
◉ What is the purpose of the final paper in the simulation course?
Answer: To reflect on the simulation experience and discuss what
was learned.
◉ What is the grading system based on points in the simulation?
Answer: Students can earn points based on participation and
decision-making.
, ◉ What happens if students do not complete their homework?
Answer: They will lose points.
◉ What are the four keys of marketing mentioned in the course?
Answer: Pricing, products, promotion, and distribution.
◉ What topics will be covered after marketing in the course
schedule?
Answer: Production operations, human resources, finance,
management, and leadership.
◉ What controversial leadership question is posed in the course?
Answer: Was Hitler a great leader?
◉ What is another leadership question discussed in the course?
Answer: Would Abraham Lincoln and George Washington be great
leaders in today's society?
◉ What business concepts will be covered towards the end of the
course?
Answer: Entrepreneurship, business models, economics, global
business, and social responsibility.
WITH SOLVED QUESTIONS
◉ What roles will students play in the simulation?
Answer: Students will play as either a low-cost provider or a
differentiator.
◉ How many decisions will students make individually in the
simulation?
Answer: Eight decisions.
◉ What will happen after the individual decisions in the simulation?
Answer: Students will reverse roles and make decisions again.
◉ What is the purpose of the final paper in the simulation course?
Answer: To reflect on the simulation experience and discuss what
was learned.
◉ What is the grading system based on points in the simulation?
Answer: Students can earn points based on participation and
decision-making.
, ◉ What happens if students do not complete their homework?
Answer: They will lose points.
◉ What are the four keys of marketing mentioned in the course?
Answer: Pricing, products, promotion, and distribution.
◉ What topics will be covered after marketing in the course
schedule?
Answer: Production operations, human resources, finance,
management, and leadership.
◉ What controversial leadership question is posed in the course?
Answer: Was Hitler a great leader?
◉ What is another leadership question discussed in the course?
Answer: Would Abraham Lincoln and George Washington be great
leaders in today's society?
◉ What business concepts will be covered towards the end of the
course?
Answer: Entrepreneurship, business models, economics, global
business, and social responsibility.
