BUS 101 Market Games Exam Questions with
verified answers
A company has issued 1,000 shares of common stock and raised $50,000
in total equity capital. What is the share price of the common stock?
Ans✓✓✓$50
After completing the first simulation round, what is the primary source
of information to gain insights into your team's performance and
competitive analysis, aligning with your business education at Miami
University? Ans✓✓✓The Performance Feedback and Team Reports
After completing the Market Games simulation, your team decided to
actually build a startup company in Oxford. Based on the grumblings
heard for several years, you decided to open a fast food chicken
restaurant uptown. Which of the following options best represents an
essential step in identifying stakeholders for the business?
Ans✓✓✓Identifying individuals or groups with an interest or influence
in the restaurant's success
Apple Inc., a leading technology company, has faced ethical concerns
regarding the potential use of slave labor in the production of iPhones.
Which of the following represents the primary ethical dilemma that
Apple needs to address in this context? Ans✓✓✓Addressing the moral
and human rights issues related to labor practices.
Apple is launching a new iPhone this year. They decide to offer it in
three versions: a standard model, a pro model with additional features,
and a budget-friendly model with basic features. What strategic decision
, is reflected in this product diversification strategy, and how might it
impact the company's market positioning and target audience?
Ans✓✓✓A product decision
At the conclusion of each round in Market Games, you have access to
updated financial statements. These statements include information
about gross revenue, expenses, net profit, assets, liabilities, and several
other key metrics. Which of the following is NOT one of the three
financial statements that you are provided? Ans✓✓✓Statement of
Retained Earnings
Consider that you were just hired as a financial analyst at Cintas. In the
role, you are responsible for preparing accurate financial statements.
When inputting revenue figures onto the financial statements, which of
the following financial statements should include revenue information?
Ans✓✓✓Net Revenues and Interest Expense go on Income Statement
Considering the increased unmet demand for image sensors in mobile
phones and semi-autonomous vehicles, what factors contribute to this
demand increase, necessitating strategic attention from your business-
savvy team? Ans✓✓✓A surge in mobile phone and semi-autonomous
vehicle demand for image sensors
Gross Margins Ans✓✓✓(Revenue - Cost of Sales) / Revenues
Gross Margins is a percentage that measures the spread between the
revenues that you generated from selling a product with the cost of
producing that product. If Tesla generates a total of $100 billion in sales
verified answers
A company has issued 1,000 shares of common stock and raised $50,000
in total equity capital. What is the share price of the common stock?
Ans✓✓✓$50
After completing the first simulation round, what is the primary source
of information to gain insights into your team's performance and
competitive analysis, aligning with your business education at Miami
University? Ans✓✓✓The Performance Feedback and Team Reports
After completing the Market Games simulation, your team decided to
actually build a startup company in Oxford. Based on the grumblings
heard for several years, you decided to open a fast food chicken
restaurant uptown. Which of the following options best represents an
essential step in identifying stakeholders for the business?
Ans✓✓✓Identifying individuals or groups with an interest or influence
in the restaurant's success
Apple Inc., a leading technology company, has faced ethical concerns
regarding the potential use of slave labor in the production of iPhones.
Which of the following represents the primary ethical dilemma that
Apple needs to address in this context? Ans✓✓✓Addressing the moral
and human rights issues related to labor practices.
Apple is launching a new iPhone this year. They decide to offer it in
three versions: a standard model, a pro model with additional features,
and a budget-friendly model with basic features. What strategic decision
, is reflected in this product diversification strategy, and how might it
impact the company's market positioning and target audience?
Ans✓✓✓A product decision
At the conclusion of each round in Market Games, you have access to
updated financial statements. These statements include information
about gross revenue, expenses, net profit, assets, liabilities, and several
other key metrics. Which of the following is NOT one of the three
financial statements that you are provided? Ans✓✓✓Statement of
Retained Earnings
Consider that you were just hired as a financial analyst at Cintas. In the
role, you are responsible for preparing accurate financial statements.
When inputting revenue figures onto the financial statements, which of
the following financial statements should include revenue information?
Ans✓✓✓Net Revenues and Interest Expense go on Income Statement
Considering the increased unmet demand for image sensors in mobile
phones and semi-autonomous vehicles, what factors contribute to this
demand increase, necessitating strategic attention from your business-
savvy team? Ans✓✓✓A surge in mobile phone and semi-autonomous
vehicle demand for image sensors
Gross Margins Ans✓✓✓(Revenue - Cost of Sales) / Revenues
Gross Margins is a percentage that measures the spread between the
revenues that you generated from selling a product with the cost of
producing that product. If Tesla generates a total of $100 billion in sales
