Comp XM 2 Questions and Answers Already Graded A

Comp XM 2 Questions and Answers Already Graded A Review the Inquirer to determine Chester's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Chester would be most likely to pursue. b) Reduce labor costs through training and recruitment c) Seek the lowest price in their target market while e) Offer attractive credit terms g) Seek high automation levels h) Seek high plant utilization, even if it risks occasional small stockouts One wrong answer a) Reduce cost of goods through TQM initiatives maintaining a competitive contribution margin d) Increase demand through TQM initiatives f) Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand i) Seek excellent product designs, high awareness, and high accessibility j) Add additional products You were recently selected for an important 2-year overseas assignment in Qatar. This is a big career opportunity and a chance to work in a high-growth region of your company's business. You just returned from a week long trip to Qatar, which was part of the introduction to your new team and your soon-to-be new home. You certainly became aware that there were some noticeable cultural differences between your country and Qatar. You are scheduled to move in 3 months. Which of the following actions would be the MOST EFFECTIVE approach for improving your cultural competence? Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences. One of your team members, Ted, has not been accomplishing his fair share of the work and because of this your team's performance is suffering. Which of the following actions would be most effective to get Ted to do his fair share? Talk to Ted to understand why he is having problems with his share of the work. Every time your colleague faces a dilemma she is fond of saying, "I believe it's all about the benefits outweighing the costs." She clearly favors which form of ethical guidance? Utilitarianism As a senior consultant, part of your role on the team is to approve final client reports before they are delivered to the client. Your team was recently hired by the President of the sales division of Plessy and Grouper, a consumer packaged goods company, to address poor customer service within the division. Your consulting team just submitted the draft of a recommendations report. While it's full of good content, it also contains a lot of technical jargon. Which of the following aspects of effective communication do you fear your team has overlooked? Understanding levels of expertise among the audience. You just finished leading your team during a two-hour long meeting with one of your larger clients. The purpose of the meeting was to provide an overview of results and recommendations from a project your team just finished for the client. Your team was very prepared and even practiced the debrief presentation several times. Everything seemed to go very well during the meeting, as you and your team detailed how the project was handled, who did what, the results of each project phase as well as recommendations for the client to implement. However, right after the meeting, the point of contact at the client said that her boss was "not at all happy with the project" and was questioning whether or not to renew your team's contract because she "didn't see the value created by the project." Which of the following aspects of communication was lacking the most in your team's debrief presentation? Organizing the information to highlight important points. You have been working on a new entrepreneurial venture with a few friends for the past year. Everyone's efforts are really starting to come together and you have even developed a proof-of-concept to show folks in order to obtain feedback and advice. The process has been going so well that you have been invited to pitch your idea to a panel of successful entrepreneurs that might be interested in investing. You have been told the pitch is limited to 15 minutes. Which of the following areas of communication effectiveness should you focus on the most when designing your pitch? a) Researching the background of the potential investors on the panel. b) Determining a few key ideas and how to best sequence them. c) Practicing your tone to clearly show your enthusiasm and confidence. wrong d) Creating a memorable introduction to the pitch. All of your teammates are dedicated to the project. They put in the time and effort to complete their individual assignments and to be adequately prepared for team meetings. However, this time and effort does not seem to translate into effectively sharing information. Which of the following actions is most likely to improve your team's information sharing? Structure team discussions to focus on a smaller set of key issues. If Baldwin issued 1000 shares of common stock at last year's end price, the effect on the balance sheet would be: Equity would increase by $67,001 The Digby Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the book value of this purchase (exclude all other plant and equipment) be after its third year of use? (Use FASB GAAP) $33,538,000 What is the Profit Margin of Chester? 3.82 You are the lead team member of a warranty claim team within the Andrews Company. Your team has had an average year, with profits remaining generally flat. In effort to boost profits for the year, your manager suggests you postpone processing any existing claims in the 4th quarter until the new fiscal year (some claims are as high as $150,000) but he's not sure and is open to your opinion, asking "what would you suggest?" Which of the following responses would be the most appropriate step toward making an ethical decision? "Perhaps we should explore which stakeholders would stand to win or lose from such a decision." Baldwin has a ROE of 0.24 (ROE = Net income/equity). That means: Baldwin earns $0.24 for each dollar invested by shareholders. Midyear on July 31st, the Chester Corporation's balance sheet reported: Total Liabilities of $76.943 million Cash of $6.030 million Total Assets of $124.781 million Retained Earnings of $27.146 million. What was the Chester Corporation's common stock? $20.692 million Which mission statement best represents the Digby company? Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments.