CAPSIM TEST BANK QUESTIONS WITH
100% CORRECT ANSWERS
The reliability component cost of a product with a 17,000 hour MTBF rating is:
a. $5.10.
b. $17.00.
c. $51.00.
d. $170.
e. cost cannot be determined with information given. - Answer-a
The best case margin potential for a product with a top price of $30 and a minimum cost
of goods sold of $15 is:
a. $45.
b. $2.
c. $450.
d. $.50.
e. none of the above. - Answer-e
A point or some points you consider for your strategy are
a. strive to give your customers the top two buying criteria.
b. the perceptual map is more important as a rough cut consideration than a fine cut
distinction.
c. maximize the effectiveness of R&D, to achieve higher demand you must have a
substantially better offer, it does not matter how good your product is if you stock out.
d. all of the above.
e. none of the above. - Answer-d
In Capstone®, the spreadsheets allow team members to
a. make changes to variables.
b. observe the results of changes made to variables.
c. design their own performance criteria with which to compare market segments.
d. all of the above.
e. both a and b. - Answer-e
Each of the spreadsheets
a. work independently.
b. depend on values entered in other spreadsheets.
c. work simultaneously.
d. all of the above.
e. both a and b. - Answer-e
,New products are created on which spreadsheet?
a. Production
b. Research and Development
c. New Products and Repositioning
d. Marketing
e. Market Research and Analysis - Answer-b
Using the R&D Spreadsheet to design your products, you have which of the following
projects to choose from?
a. Repositioning
b. Invention
c. Reliability adjustment
d. All of the above
e. None of the above - Answer-d
What is the minimum amount of time that it takes to create a new product?
a. 3 months
b. 6 months
c. 1 year
d. 2 years
e. 5 years - Answer-c
What are the drivers of Material Costs?
a. Higher performance
b. Smaller size
c. Higher Mean Time Between Failure (MTBF)
d. All of the above
e. None of the above - Answer-d
The marketing spreadsheet is used to set which of the following:
a. prices.
b. promotion budgets.
c. sales budgets.
d. all of the above.
e. none of the above - Answer-d
The A/R lag is
a. a marketing spreadsheet definition.
b. the accounts receivable lag (in days).
c. the time between customers receiving products and when they are expected to pay
for them.
d. a, b, and c. - Answer-d
What happens to a company when it increases the A/P lag?
a. It improves its cash position.
, b. It deteriorates its cash position.
c. It loses credibility.
d. Its suppliers withhold material for production.
e. a, d. - Answer-e
The automation level
a. causes you to require more manpower with higher ratings.
b. causes you to require more manpower with lower ratings.
c. causes you to require less manpower with higher ratings.
d. causes you to require less manpower with lower ratings.
e. both b and c. - Answer-e
When going to a new automation level
a. there is a 1 year lag.
b. there is a lag dependent on the amount the automation level has been changed.
c. there is no lag.
d. the lag is dependent on the cost.
e. none of the above. - Answer-a
Negotiation Ceilings which represent the maximum management is willing to pay are
always
a. 12% above the starting positions.
b. 5% above the starting positions.
c. 10% above the starting positions.
d. unlimited.
e. none of the above - Answer-c
Maximum issue is
a. the upper limit in thousands of dollars that teams can issue in stock this year.
b. amount in thousands of dollars that teams wish to issue in stock.
c. upper limit of stock that can be bought back in thousands of dollars.
d. amount of stock, if any, to buy back.
e. none of the above. - Answer-a
Cash position is
a. the cash position at the beginning of the round.
b. a projection of the cash position at the end of the round.
c. the cash position at the beginning of the round and a projection of the cash position at
the end of the round.
d. the financial position of the company.
e. none of the above. - Answer-c
What effects do Process Management Initiatives have?
a. Administrative savings
b. Higher production efficiency
c. Increase in demand
100% CORRECT ANSWERS
The reliability component cost of a product with a 17,000 hour MTBF rating is:
a. $5.10.
b. $17.00.
c. $51.00.
d. $170.
e. cost cannot be determined with information given. - Answer-a
The best case margin potential for a product with a top price of $30 and a minimum cost
of goods sold of $15 is:
a. $45.
b. $2.
c. $450.
d. $.50.
e. none of the above. - Answer-e
A point or some points you consider for your strategy are
a. strive to give your customers the top two buying criteria.
b. the perceptual map is more important as a rough cut consideration than a fine cut
distinction.
c. maximize the effectiveness of R&D, to achieve higher demand you must have a
substantially better offer, it does not matter how good your product is if you stock out.
d. all of the above.
e. none of the above. - Answer-d
In Capstone®, the spreadsheets allow team members to
a. make changes to variables.
b. observe the results of changes made to variables.
c. design their own performance criteria with which to compare market segments.
d. all of the above.
e. both a and b. - Answer-e
Each of the spreadsheets
a. work independently.
b. depend on values entered in other spreadsheets.
c. work simultaneously.
d. all of the above.
e. both a and b. - Answer-e
,New products are created on which spreadsheet?
a. Production
b. Research and Development
c. New Products and Repositioning
d. Marketing
e. Market Research and Analysis - Answer-b
Using the R&D Spreadsheet to design your products, you have which of the following
projects to choose from?
a. Repositioning
b. Invention
c. Reliability adjustment
d. All of the above
e. None of the above - Answer-d
What is the minimum amount of time that it takes to create a new product?
a. 3 months
b. 6 months
c. 1 year
d. 2 years
e. 5 years - Answer-c
What are the drivers of Material Costs?
a. Higher performance
b. Smaller size
c. Higher Mean Time Between Failure (MTBF)
d. All of the above
e. None of the above - Answer-d
The marketing spreadsheet is used to set which of the following:
a. prices.
b. promotion budgets.
c. sales budgets.
d. all of the above.
e. none of the above - Answer-d
The A/R lag is
a. a marketing spreadsheet definition.
b. the accounts receivable lag (in days).
c. the time between customers receiving products and when they are expected to pay
for them.
d. a, b, and c. - Answer-d
What happens to a company when it increases the A/P lag?
a. It improves its cash position.
, b. It deteriorates its cash position.
c. It loses credibility.
d. Its suppliers withhold material for production.
e. a, d. - Answer-e
The automation level
a. causes you to require more manpower with higher ratings.
b. causes you to require more manpower with lower ratings.
c. causes you to require less manpower with higher ratings.
d. causes you to require less manpower with lower ratings.
e. both b and c. - Answer-e
When going to a new automation level
a. there is a 1 year lag.
b. there is a lag dependent on the amount the automation level has been changed.
c. there is no lag.
d. the lag is dependent on the cost.
e. none of the above. - Answer-a
Negotiation Ceilings which represent the maximum management is willing to pay are
always
a. 12% above the starting positions.
b. 5% above the starting positions.
c. 10% above the starting positions.
d. unlimited.
e. none of the above - Answer-c
Maximum issue is
a. the upper limit in thousands of dollars that teams can issue in stock this year.
b. amount in thousands of dollars that teams wish to issue in stock.
c. upper limit of stock that can be bought back in thousands of dollars.
d. amount of stock, if any, to buy back.
e. none of the above. - Answer-a
Cash position is
a. the cash position at the beginning of the round.
b. a projection of the cash position at the end of the round.
c. the cash position at the beginning of the round and a projection of the cash position at
the end of the round.
d. the financial position of the company.
e. none of the above. - Answer-c
What effects do Process Management Initiatives have?
a. Administrative savings
b. Higher production efficiency
c. Increase in demand
