Strategic Management Capstone CompXM - Round 2 Questions Last year the Digby company increased their equity. In 2015 their equity was $49,136. Last year (2016) it increased to $52,717. What are causes of change in equity? Check all that apply. Select: 3 A change in cash of -$60. A bond issue of$1,378. Depreciation of -$41,287 An accounts payable change of$1,110. Change in inventory of-$3,929. Profits of $11,684 Issue and retirement of stock . A change of plant and equipment of$9,580. Plant Improvements of $9,580 Dividend payment of$6,494. A change in short term debt of-$4,473. All of your teammates are dedicated to the project. They put in the time and effort to complete their individual assignments and to be adequately prepared for team meetings. However, this time and effort does not seem to translate into effectively sharing information. Which of the following actions is most likely to improve your team's information sharing? Select: 1 Make discussions during team meetings more free-form. Schedule more virtual team meetings. Share less information about each other's assignments in order to avoid confusion. Structure team discussions to focus on a smaller set of key issues. One of your team members, Ted, has not been accomplishing his fair share of the work and because of this, your team's performance is suffering. Which of the following actions would be most effective to get Ted to do his fair share? Select: 1 Ask Ted to make a public commitment to the team at the next meeting. Inform your boss and ask that she talk with Ted directly about his performance. Ask the most senior team member to address the concern with Ted. Express your concerns directly to Ted before the next team meeting. The Chester Company has just purchased $40,900,000 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $4,090,000. What will the accumulated depreciation expense for this purchase (exclude all other plant and equipment) be after its second year of use? (Use FASB GAAP) Select: 1 $5,453,333 $2,454,000 $4,908,000 $2,726,667 Every time your colleague faces a dilemma she is fond of saying, "I believe some principles can't be sacrificed for anything." She clearly favors which form of ethical guidance? Select: 1 Utilitarianism Universalism Situational ethics Virtue ethics You are the lead team member of a warranty claim team within the Andrews Company. Your team has had an average year, with profits remaining generally flat. In effort to boost profits for the year, your manager suggests you postpone processing any existing claims in the 4th quarter until the new fiscal year (some claims are as high as $150,000) but he's not sure and is open to your opinion, asking "what would you suggest?" Which of the following responses would be the most appropriate step toward making an ethical decision? Select: 1 "Let's just make sure we cover our tracks so internal audit doesn't go crazy." "Since we won't benefit directly, let's move forward with this plan." "Have we done this in the past?" "Perhaps we should explore which stakeholders would stand to win or lose from such a decision." Digby has a ROS of 0.08 (ROS = Net income/Sales). That means: Select: 1 There are sales of $92 for every dollar of profit. There are sales of $8 for every dollar of profit. There is a 8% profit on each dollar of sales. For every $8 of sales there is a profit of 1%. Which mission statement best represents the Baldwin company? Select: 1 Providing value to our customers is why we get up in the morning. We accomplish this by offering products at a low price our customers can afford across a wide variety of market segments. Lasting innovation is our motivation. We build premium products that are elegantly designed to meet the needs of a variety of market segments. Innovation meets revolution. We create value for our customers through breakthrough designs that lead to unique high-performance products. Consistency and affordability are our goals. Our central mission is to offer dependable, low-price products that our customers can count on. Review the Inquirer to determine Chester's current strategy. How will they seek a competitive advantage? From the following list, select the top five sources of competitive advantage that Chester would be most likely to pursue. Select: 5 Reduce cost of goods through TQM initiatives Seek high automation levels Seek the lowest price in their target market while maintaining a competitive contribution margin Seek high plant utilization, even if it risks occasional small stockouts Offer attractive credit terms Add additional products Accept lower plant utilization and higher capacities to insure sufficient capacity is available to meet demand Increase demand through TQM initiatives Reduce labor costs through training and recruitment Seek excellent product designs, high awareness, and high accessibility As a senior consultant, part of your role on the team is to approve final client reports before they are delivered to the client. Your team was recently hired by the President of the sales division of Plessy and Grouper, a consumer packaged goods company, to address poor customer service within the division. Your consulting team just submitted the draft of a recommendations report. While it's full of good content, it also contains a lot of technical jargon. Which of the following aspects of effective communication do you fear your team has overlooked? Select: 1 Length of the report. Analysis of client's knowledge. Using facts to support the recommendations. Structuring the main ideas in way that sells your ideas. You've been working for a non-profit social services organization for the last year and you couldn't be happier. The impact you're having on the organization's clients is truly inspirational and you love the workplace culture. Although you went to business school and bring a wealth of operational knowledge and skills to organization, attracting employees with your background has been difficult. The HR administrator has asked you to head-up business school recruiting for the next year to fill some key positions with folks just like you. In developing your recruiting pitch, which of the following represents the next critical step in making your communication effective? Select: 1 Making sure the materials have a consistent look and feel. Developing the core ideas that will communicate the benefits of working in the organization. Practicing the pitch to ensure a natural delivery. Ensuring that the materials do not oversell the organization. As the manager of user experience for a large Internet service provider, Gina spends a lot of her time trying to figure out how best to communicate the value of the technology enhancement services that the firm provides. For this reason, Gina been asked to give a presentation at a big technology conference on the topic of "communicating value to customers." With 15 years in the business, Gina feels confident she has a lot to offer the audience, which is largely comprised of people just like her. But with only 20 minutes to speak, she is concerned about how to fit it all in. Which of the following areas of effective communication should Gina focus MOST of her efforts in preparing the presentation? Select: 1 Practicing the pace of the presentation. Structuring the core ideas or flow of the presentation from beginning to end. Determining the level of communication detail to share with the audience. Understanding the audiences' knowledge. You were recently selected for an important 2-year overseas assignment in Qatar. This is a big career opportunity and a chance to work in a high-growth region of your company's business. You just returned from a weeklong trip to Qatar, which was part of the introduction to your new team and your soon-to-be new home. You certainly became aware that there were some noticeable cultural differences between your country and Qatar. You are scheduled to move in 3 months. Which of the following actions would be the MOST EFFECTIVE approach for improving your cultural competence? Select: 1 Learn as much as you can about each member of your new team in order to smooth your transition into the group. Create a list of the things that you found to be different than what you expected during your visit and plan some strategies for adjusting to these differences. Focus your efforts on closing out all of your remaining projects and commitments related to your current position to get ready for your overseas assignment. Stay in frequent communication with your new team in order to prepare for your upcoming move. What is the Liability to Equity ratio of Chester? Select: 1 2.50 .36 1.39 1.98 Midyear on July 31st, the Baldwin Corporation's balance sheet reported: Total Assets of $83.519 million Total Common Stock of $2.540 million Cash of $4.020 million Retained Earnings of $18.416 million. What were the Baldwin Corporation's total liabilities? Select: 1 $58.543 million. $62.563 million. $66.583 million. $65.103 million