Game Final Exam | Questions and
Answers Rated A+ | 100% Correct |
2025/2026 Guide
In which one of the following instances do the industry-low, industry-
average, and industry-high values for the cost benchmarking data in
each issue of the FIR signal that one or more elements of a company’s
costs are likely to be too high relative to those of rival companies?
- Correct Answer - when the company's operating profit per pair sold in
the Internet and Wholesale segments are the lowest in the industry in all
four geographic regions
which of the following actions is unlikely to help boost a company's
market share in all 4 regions
- Correct Answer - pursuing efforts to boost labor productivity at each of
the plants
which one of the following actions is LEAST likely to increase labor
productivity by an amount that is large enough to result in lower labor
costs per pair produced - Correct Answer - increasing worker base pay
by the allowed maximum of 15% each year until the company’s base pay
compensation per employee exceeds the total compensation per
employee of all comp in industry
,the plant upgrade option that reduces production run setup costs by 50
each year and costs 8 million of plant capacity and causes depreciation
costs to rise by 5% merits immediate consideration by company
managers when - Correct Answer - the company has a new 1 mil plant in
Europe-Africa ready to go into production in YR14 and the company’s
strategy calls for this plant to produce 500 models with set up costs of
$14 mil/yr through yr 20
The industry-low, industry-average, and industry-high benchmarks for
the costs per branded pair sold in each geographic region (including
production costs, ...warehouse exp, marketing, admin, that appear in
FIR? - Correct Answer - - are worth careful scrutiny by the managers of
all companies because....
-are worth high and scrutiny by the managers of all companies in the
industry. This is because when the benchmarks signal that the operating
data for a company is out of line or do not meet expectations, the
managers have to take corrective actions.
While contracting with celebrities to endorse a company's brand adds to
the competitive power of its product offering vis-a-vis the offerings of
rivals, - Correct Answer - -One of the big risks of bidding to win... is that it
is easy to end up overspending to win a contract because it is so hard to
judge just how big the actual benefit of winning the contracts for
a ..prove to be
, -that it is hard to come up with a reliable estimate of the size of the sales
volume/revenue/ profit payoff associated with signing a celebrity and
thus avoid bidding more than the celebrity's endorsement is worth".
A Company's Managers should Give Serious Consideration To Bidding
For A Private-label Footwear Contract In A Particular Geographic Region
When
or
Under what circumstances should a company's managment team give
serious consideration to entering a bid to supply private-label footwear to
chanin retailers in a particular region? - Correct Answer - -they expect to
have idle production capacity at one or mre plants after producing all the
branded pairs needed to meet demand in upcoming yr
- avg margin over direct cost exceeds $10/pair sold
- when number of pairs of branded footwear that comp panning to
produce at particular plant is 300,000 pairs or more below the plant's full
production capacity inc. overtime
which one of the following does NOT help boost a company's image
rating? - Correct Answer - -paying total compensation to plant
employees that is below the industry average
-Spending additional money on celebrity endorsements and advertising
to help inform the general public about the company's good deeds in
being a good corporate Citizen and its socially responsible activities.