Comp XM Practice Quiz Questions and
Answers with complete solution
If your team decides to introduce a new sensor product, when should capacity and
automation be purchased? - -One round prior to product release
-What is a market segment? - -A group of customers with similar purchasing
concerns
-Age and ___________ are the only two positioning criteria that remain constant from
year to year - -reliability
-Which one of the following is NOT one of the four product characteristics that R&D
can set? - -quality
-The promotion budget affects: - -Awareness
-If you are marketing to High End customers, which criteria are most important to
them in order of importance? - -Positioning, Age, MTBF, Price
-Which financial obligation is best satisfied with Current Debt? - -?
-Which financial obligation is best satisfied with Bond Issues? - -Paying for
increased production capacity
-The exact outcome of TQM efforts appear on the TQM Report, and as bar charts on
the TQM spreadsheet. These results are for - -cumulative for the previous and all
remaining rounds (assuming no additional investment is made)
-Increasing Training Hours in the HR Module tends to - -increase productivity
-What is the minimum amount of time that it takes to invent a new sensor? - -1
year at least
-The Finance Department can use which of the following methods to acquire capital
for company activities? - -Current Debt, Stock Issues, Bond Issues and Profits
-How can production lines double their capacity? - -Add a second shift
-How much do segment prices fall each year? - -$0.50
-On the Income Statement, which of the following would be classified as a variable
cost? - -Direct Labor Expense
-The length of R&D projects is driven by all of the following except: - -HR Training
Investments
-Segments move gradually throughout the year, not just one big jump. - -True
Answers with complete solution
If your team decides to introduce a new sensor product, when should capacity and
automation be purchased? - -One round prior to product release
-What is a market segment? - -A group of customers with similar purchasing
concerns
-Age and ___________ are the only two positioning criteria that remain constant from
year to year - -reliability
-Which one of the following is NOT one of the four product characteristics that R&D
can set? - -quality
-The promotion budget affects: - -Awareness
-If you are marketing to High End customers, which criteria are most important to
them in order of importance? - -Positioning, Age, MTBF, Price
-Which financial obligation is best satisfied with Current Debt? - -?
-Which financial obligation is best satisfied with Bond Issues? - -Paying for
increased production capacity
-The exact outcome of TQM efforts appear on the TQM Report, and as bar charts on
the TQM spreadsheet. These results are for - -cumulative for the previous and all
remaining rounds (assuming no additional investment is made)
-Increasing Training Hours in the HR Module tends to - -increase productivity
-What is the minimum amount of time that it takes to invent a new sensor? - -1
year at least
-The Finance Department can use which of the following methods to acquire capital
for company activities? - -Current Debt, Stock Issues, Bond Issues and Profits
-How can production lines double their capacity? - -Add a second shift
-How much do segment prices fall each year? - -$0.50
-On the Income Statement, which of the following would be classified as a variable
cost? - -Direct Labor Expense
-The length of R&D projects is driven by all of the following except: - -HR Training
Investments
-Segments move gradually throughout the year, not just one big jump. - -True
