Use attached file at the bottom to answer questions

1. In order to sell a product at a profit the product must be priced higher than the total of what it costs you to build the unit, plus period expenses, and plus overhead.

At the end of last year the broad cost leader Chester had an Elite product Cent. Use the Inquirer's Production Analysis to find Cent's production cost, (labor+materials). Exclude possible inventory carrying costs. Assume period expenses and overhead total 1/2 of their production cost. What is the minimum price the product could have been sold for to cover the unit cost, period expenses, and overhead?

Select: 1

$10.72

$32.17

$21.45

$35.00

2. Select all of the following statements that are true four years from now, in the year 2020.

Select: 2

The Elite segment will demand 5,871 thousand units

The Nano segment will demand 5,405 thousand units

The Thrift segment will demand 7,744 thousand units

The Core segment will demand 9,774 thousand units

3.Your team has recently experienced some difficulties and setbacks. Some of your teammates have expressed their lack of confidence in the team. Which of the following tactics is most likely to help boost your teammates? perception of the team?s capability to perform well?Select: 1

Allow time at a team meeting for everyone to openly share any complaints they might have about one another.

Identify the team?s weak links that led to the team?s past failures.

Encourage your teammates to focus on the future and not to dwell on the past.

Discuss the past successes your team has had and how the team pulled together to get the job done.

4. Your first team meeting is dedicated to setting goals for a new and challenging project. Which of the following actions would be most effective in helping your team attain its goals?

Select: 1

Ensure that the team goals are general enough to allow for freedom in how tasks are accomplished.

Review the goals to make sure they are inspirational enough to carry the team through difficult times.

Ensure that the team goals are specific and challenging.

Ask a member of senior management to make a presentation about the importance of the team?s success in reaching its goals.

5.You were recently hired by the Andrews CEO as a consultant to evaluate the performance of the Chief Financial Officer (CFO). As part of that process, you interview the CFO's direct reports (employees). Although they indicate that the CFO is technically competent, one individual told you stories about the CFO's verbal abuse with employees. Given this information, what would be the most effective next step in the process?

Select: 1

Inform the human resources department that there is a potential problem.

Focus on the CFO?s work performance since his personal behavior is inappropriate in the workplace.

Collect more information about the extent to which this reported behavior is impacting others.

Tell the CEO about what you have uncovered and ask for her permission to speak about it with the CFO.

6. You are having a lunch meeting with a loyal and very good customer. Over lunch you happen to mention that your application to an exclusive golf club was denied for the second time. Your customer responds, "Hey, why didn?t you tell me? My family has been members there for 40 years, let me make a phone call, I?m sure we can get it worked out." Which of the following statements should represent your primary concern about this situation?

Select: 1

If anyone else at my company learns about this, they might think that I bribed the customer.

My customer likely feels forced into having to help me.

My customer has increased influence over me that he might try to use for special treatment or deals.

Current members of the club are likely to know I wasn?t accepted through the proper channels.

7. Looking forward to next year, if Digby?s current cash balance is $19,378 (000) and cash flows from operations next period are unchanged from this period, and Digby takes ONLY the following actions relating to cash flows from investing and financing activities:

Issues 100 (000) shares of stock at the current stock price

Issues $400 (000) in bonds

Retires $10,000 (000) in debt

8. Which of the following activities will expose Digby to the most risk of needing an emergency loan?

Select: 1

Sells $10,000 (000) of their long-term assets

Purchases assets at a cost of $25,000 (000)

Pays a $5.00 per share dividend

Liquidates the entire inventory

9. A productivity index of 110% means that a company?s labor costs would have been 10% higher if it had not made production improvements. Now refer to the Income Statement in Baldwin's Annual Report. The direct labor costs for Baldwin were $32,558. These labor costs could have been $20,000 higher if investments in training that increased productivity had not been made. What was the productivity index for Baldwin that led to such savings?

Select: 1

161.4%

155.3%

44.7%

38.6%

10. Investing $2,000,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 3.0% in this and in all future rounds. (Refer to the TQM Initiative worksheet in the CompXM Decisions menu.) Looking at the Round 0 Inquirer for Andrews, last year's sales were $163,290,917. Assuming similar sales next year, the 3.0% increase in demand will provide $4,898,727 of additional revenue.With the overall contribution margin of 34.1%, after direct costs this revenue will add $1,670,466 to the bottom line. For simplicity, assume that the demand increase and margins will remain at last year's levels. How long will it take to achieve payback on the initial $2,000,000 TQM investment, rounded to the nearest month?

Select: 1

10 months

14 months

5 months

TQM investment will not have a significant financial impact

11. In three years, assuming the competitive environment remains unchanged, how many units of Camp will Chester be selling in the Nano market segment?

Select: 1

764

603

464

687

12.Which description best fits Andrews? For clarity:

- A differentiator competes through good designs, high awareness, and easy accessibility.

- A cost leader competes on price by reducing costs and passing the savings to customers.

- A broad player competes in all parts of the market.

- A niche player competes in selected parts of the market.

13. Which of these four statements best describes your company's current strategy?Select: 1

Andrews is a broad differentiator

Andrews is a broad cost leader

Andrews is a niche differentiator

Andrews is a niche cost leader