Capstone Midterm – Flashcards
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Which of the following would an R&D Manager be concerned with?
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Position, Age, Service Life, and New Products
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What is the most important factor for customers when buying a Performance product?
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Positioning
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Which of the following issues should the R&D Department and the Marketing department coordinate on?
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Ensuring product lines meet customer expectations.
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As an R&D manager, how can you reduce material costs?
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Reduce Service Life
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How can you change your product release date?
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Adjust accuracy, speed, or service life
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If your customers have a high level of awareness of your product but are still not buying much of it, which of the following scenarios is the most likely?
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Your accessibility is low
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Which of the following decisions are not found in Marketing?
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Product specifications
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Which of the following marketing investments would impact Awareness of all products in the region?
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Regional Promo
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What does the Worst Case Forecast directly impact?
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Forecast Net Margin
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Which action would decrease demand?
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Increase price
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What are the advantages of outsourcing over producing in your plant?
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Outsourcing can be used as a means to temporarily meet demand
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What impact does a higher automation rating have on the cost of producing units?
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It reduces unit costs
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What happens when scheduled production exceeds plant capacity?
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You won't produce any of the excess units
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What is the actual number of units available (assuming sufficient capacity)?
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Inventory + Fulfillment after adjustment
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Which of the following is a Production manager concerned with?
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Producing Products, Capacity, Automation, and Unit Cost
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Which of the following would a Finance manager be concerned with?
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Managing cash, Issuing/Retiring Debt, Dividend Policy
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Typically, matching long-term investments with a mix equity and long-term debt is considered a good tactic. Which of the following would be considered a long-term investment?
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Adding capacity
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When the Production Department works with the Finance Department, which of the following would be determined?
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Establishing how much capacity and automation is feasible to buy or sell
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When the Finance Department works with the R&N Department, which of the following would be determined?
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Ensuring R&D costs per product are properly funded
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What is the safest way for a company to replenish cash reserves depleted from plant improvements?
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Finance the investment with a mix of equity and long-term debt
