Comp XM Practice Quiz

Comp XM Practice Quiz 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 ...

Comp XM Practice Quiz 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 You can move an existing product into a new segment. - ✔✔True The difference between potential market share and actual market share is only due to your stockouts and not the stockouts of other companies. - ✔✔False Proper production planning calls for setting production equal to the default Sales Forecast generated in the Marketing module less existing inventory. - ✔✔False Awareness is generated by promotion expenditures and does not decay once you raise it to a new level. - ✔✔False To sell capacity, enter a negative number in the appropriate area of the Production decision sheet, but only reduce it to 1 if you might want to restart that assembly line again. - ✔✔True When long term bonds become due, they are converted to current debt and paid automatically at the end of the year. - ✔✔True The Market Capitalization of your company is the current stock prices multiplied by the number of shares outstanding. - ✔✔True The two primary factors that affect your stock price are your market share and dividends. - ✔✔False Contribution Margin is a measure of the % gross profit you make per unit sold (price less direct materials, direct labor and inventory expense). - ✔✔True The customer survey score is due to product characteristics (price, positioning, etc.) and marketing characteristics (accessibility, awareness, etc.) - ✔✔True The Balanced Scorecard includes scores in Financial, Customer, Internal Business and Learning and Growth categories. - ✔✔True TQM investments have an immediate effect and do not need to be maintained past the initial year to keep the same improvement. - ✔✔True The Capstone Courier shows contribution margin by product for both your products and the products of your competitors. - ✔✔True In order to enter a decision, yo