PRE-ASSESSMENT C723 QUESTIONS AND
ANSWERS GRADED A+ 2025.
1. A car stereo company is planning to introduce a new product into the
market. It faces stiff competition from two other organization with similar prod-
ucts. The company's marketing manager has asked the production manager
to perform a break-even analysis using three different price points. The mar-
keting manager will use the results to set a price for the new product.Which
type of method is a break-even analysis?: Quantitative
2. Including an open-ended question on the intake form asking patients,
"Please explain why you selected this ER for treatment." Intake forms can be
sorted into non-emergency and emergency categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was selected.-
: Qualitative
3. Group brainstorming with the nurses and doctors in the hospital to see what
ideas people have for why so many people are suddenly coming to the ER for
non-emergency treatment.: Qualitative
4. Pulling the hospital's records for the last 10 years and sorting by medical
codes to check for similar patterns in past years. A regression model can
be built using non-emergency treatments as the dependent variable, and
various independent variables can be tested, such as population change and
unemployment levels.: Quantitative
5. A local music store that hosts live music has been a very popular hangout
for years. However, the owner is concerned that the increasing popularity of
new methods of music delivery will soon make the business obsolete. The
owner is considering building a small recording studio in the basement of the
store. The nearest professional studio is 50 miles away, so a new studio may
appeal to local musicians and increase foot traffic. The owner has all the costs
of building the studio and also estimated how much revenue might increase
due to the new studio (from studio rental fees, increased food and drink sales
if more people come to the live music shows, etc.). The owner will use this
information to determine net present value for the studio.Which method of
analysis should this owner use to make a determination?: Quantitative
6. How should quantitative analysis improve subsequent decision making for
a firm that wants to determine whether its revenue has been increasing or
decreasing for the past 10 years?: It will let the company determine the average
revenue it made.
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ANSWERS GRADED A+ 2025.
1. A car stereo company is planning to introduce a new product into the
market. It faces stiff competition from two other organization with similar prod-
ucts. The company's marketing manager has asked the production manager
to perform a break-even analysis using three different price points. The mar-
keting manager will use the results to set a price for the new product.Which
type of method is a break-even analysis?: Quantitative
2. Including an open-ended question on the intake form asking patients,
"Please explain why you selected this ER for treatment." Intake forms can be
sorted into non-emergency and emergency categories; the "non-emergency"
responses can be analyzed to determine reasons the hospital was selected.-
: Qualitative
3. Group brainstorming with the nurses and doctors in the hospital to see what
ideas people have for why so many people are suddenly coming to the ER for
non-emergency treatment.: Qualitative
4. Pulling the hospital's records for the last 10 years and sorting by medical
codes to check for similar patterns in past years. A regression model can
be built using non-emergency treatments as the dependent variable, and
various independent variables can be tested, such as population change and
unemployment levels.: Quantitative
5. A local music store that hosts live music has been a very popular hangout
for years. However, the owner is concerned that the increasing popularity of
new methods of music delivery will soon make the business obsolete. The
owner is considering building a small recording studio in the basement of the
store. The nearest professional studio is 50 miles away, so a new studio may
appeal to local musicians and increase foot traffic. The owner has all the costs
of building the studio and also estimated how much revenue might increase
due to the new studio (from studio rental fees, increased food and drink sales
if more people come to the live music shows, etc.). The owner will use this
information to determine net present value for the studio.Which method of
analysis should this owner use to make a determination?: Quantitative
6. How should quantitative analysis improve subsequent decision making for
a firm that wants to determine whether its revenue has been increasing or
decreasing for the past 10 years?: It will let the company determine the average
revenue it made.
1 v/ v
4
