BSG quiz 1

| August 31, 2017

Question
BSG Quiz 1

GRADE: 90

1. Which of the following is not an accurate description of your company’s plant operations?

a. Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions

b. All private-label footwear is outsourced from contract manufacturers in Latin America and the Asia-Pacific at prices equal to $8 per pair

c. Best practices training and TQM/Six Sigma are used to enhance the S/Q ratings of the footwear that is produced and to also reduce reject rates

d. Plants can produce 50, 100, 150, 200, 250, 350, or 500 branded models/styles

e. The company compensates production workers on the basis of both base pay and incentive payments per non-defective pair produced

2. The interest rate a company pays on loans outstanding depends on

a. How many times it has borrowed money in the past five years and whether any amounts borrowed have been repaid

b. Its market share and how many consecutive eyars the company has been profitable

c. Its current ratio, the amount of cash on hand to make interest payments, and the average annual amount of free cash flow for the past five years

d. Its current ratio, free cash flow, and prior-year interest-coverage ratio

e. Its credit rating

3. Which of the following best describes the materials the company uses to make its footwear?

a. Natural and synthetic materials

b. Normal-wear and long-wear materials

c. Standard and superior materials

d. Waterproof materials and high-strength materials

e. Durable and non-durable materials

4. Which of the following currencies are involved in affecting the operations of your company’s athletic footwear business?

a. Singapore dollars, South African rand, Chilean pesos, and Turkish lira

b. U.S. dollars, Singapore dollars, euros, and Brazilian reals

c. Brazilian reals, Canadian dollars, Japanese yen, Chinese renminbi, and New Zealand dollars

d. Japanese yen, Mexican pesos, Indian rupees, Canadian dollars, euros, and the Australian dollar

e. U.S. dollar, Indian rupees, Swiss francs, Argentine pesos, and euros

5. Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear?

a. Europe-Africa, Latin America, Asia-Pacific, and North America

b. The U.S., Argentina, Great Britain, and Japan

c. Japan/China, North America, the European Union, and the Middle East

d. Germany, Brazil, China, and the U.S.

e. Latin America, Europe, China, and North America

6. The factors that affect a company’s S/Q rating include:

a. The size of incentive bonuses paid to workers for defect-free workmanship; reject rates; expenditures for best practices traning; the age of plants and whether plant upgrades B and D have been installed; and the quality of its footwear

b. Prices paid for components; overall footwear quality; how much is spent to inspect newly-produced pairs and avoid shipping defective shoes; and the size of the incentives paid to production workers

c. The number of performance features built into its branded models/styles; the durability of its athletic suites; how long it has been using TQM; Six Sigma quality control programs; and plant reject rates

d. The percentage use of superior materials; a company’s cumulative spending for TQM/Six Sigma quality control programs; the use of best practices training; whether plant upgrade option C has been installed; and expenditures for new styling/features per model

e. How well compensated its work force is; whether shoes are produced with standard materials or superior materials; the durability of its footwear; and how many models/styles are included in its product line

7. The company’s shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to

a. Tariffs of $5 per pair, shipping fees of $2.50 per pair, and exchange rate shifts of as high as 12%

b. Any applicable import tariffs and exchange rate adjustments

c. Export fees equal to 4% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 15%

d. 3-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific

e. shipping charges of $1.50 per pair on all pairs shipped to distribution centers in the same region as the production plant and $2.50 on all pairs shipped from one region to another

8. Which of the following are components of the compensation package for production workers at your company’s plants?

a. Hourly wages, fringe benefits, and overtime pay

b. Annual base salary, teamwork bonuses, fringe benefits, and stock options

c. Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime pay

d. Hourly wages, piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, fringe benefits, and overtime pay

e. Base wages, incentive payments per non defective pair produced, and overtime pay

9. The market for branded athletic footwear is projected to grow

a. 9-11% in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 5-7% annually in North America and Europe-Africa during the Year 11-Year 15 period

b. 3-6% annually worldwide during the Year 11-Year 20 period

c. 5-7% annually in all four geographic regions during the Year 11-Year 15 period and 2-4% annually in all four regions during the Year 16-Year 20 period

d. 8% annually in all four geographic market during Years 11-15, and then slow gradually to 6% annually in all markets by Year 20

e. 7-9% annually worldwide during the year 11-Year 20 period

10. The company currently has production facilities to make athletic footwear in

a. North America and Latin America

b. The Middle East and China

c. North America and Asia-Pacific

d. Taiwan, India, Brazil, and Middle East

e. Asia-Pacific and Latin America

11. Which one of the following is not a factor in determining a company’s unit sales and market share of branded footwear in a particular geographic region?

a. The number of retailers stocking the company’s footwear brand

b. The number of new performance features built into each year’s models/styles

c. The numbers of models/styles in the company’s product line

d. The appeal of the celebrities signed to endorse the company’s footwear

e. Mail-in rebate offers

12. Which of the following is the most important factor in determining a company’s unit sales and market share of private label footwear in a particular geographic region?

a. The appeal of the celebrities signed to endorse the company’s footwear

b. The company’s customer service rating

c. The company’s S/Q ratings on branded footwear and the number of models/styles comprising its line of private-label footwear

d. The number of models/styles comprising the company’s product line

e. The company’s bid price

13. The market for private label athletic footwear is projected to grow

a. 7% annually in Latin America and Europe-Africa during the Year 11-Year 20 period and 4% annually in North America and the Asia-Pacfiic during the Year 11-Year 20 period

b. 10% annually in all four geographic regions during Year 11-Year15 period and 8.5% annually in all four regions during the Year 16-20 period

c. 12-14% annually in all 4 regions during the Year 11-15 period and 8-10% annually in all 4 regions during the Year 16-20 period

d. 10% annually in Latin America and North America during the Year 11-20 period

e. 12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20

14. A footwear-maker’s price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by

a. Whether its wholesale price is within 10% of the lowest-priced footwear brand in the region

b. How favorably the company’s wholesale price compares to the lowest price being charged by a rival company in that same geographic region

c. Whether its wholesale price is above or below the average wholesale price of all companies competing in that geographic region

d. How favorably the company’s wholesale price compares with the price being charged by the rival having the biggest market share in that same geographic region

e. Whether its wholesale price is at least 10% below the highest-priced footwear brand in the region

15. The reject rates at the company’s footwear plants are a function of

a. The S/Q rating, worker experience, incentive bonuses for teamwork and perfect attendance, best practices training, spending for new features and styling, and the use of plant upgrade option B

b. Best practices training, overtime pay, spending for TQM/Six Sigma quality control, the number of models/styles comprising the company’s product line, and the use of plant upgrade option C

c. The size of the incentive payment per non-defective pair produced, spending for best practices training, spending for TQM/Six Sigma quality control, the number of models/styles comprising the company’s product line, and the installation of plant upgrade option A

d. Total compensation of workers, the number of plants, and the use of upgrade option D

e. Worker annual base pay and overtime pay, year-end incentive bonuses, best practices training, the plant’s D/P (durability/performance) rating, and the number of models/styles comprising the company’s product line

16. Which of the following are the 5 measures on which a company’s performance is judged/scored?

a. Credit rating, revenues, EPS, ROE, and the number of annual dividend increases

b. Earnings per share, ROE, revenues, stock price, and credit rating

c. Earnings per share, ROE, stock price, credit rating, and image rating

d. Free cash flow, revenues, global market share, EPS, and ROE

e. Global market share, ROE, net profit, stock price, and free cash flow

17. Which of the following are factors in determining a company’s credit rating?

a. Its annual interest payments, current ratio, times-interest-earned ratio, debt-equity ratio, and ROE

b. Its loans outstanding, dividend payout ratio, free cash flow, and debt-equity ratio

c. Its debt-equity ratio, current ratio, and free cash flow

d. A company’s current ratio, how much it has in accounts payable, the value of pairs in inventory, and its annual interest payments

e. Its interest coverage ratio, debt-asset ratio, and default risk ratio

18. Which of the following is not among the factors that affect worker productivity?

a. Whether plant upgrade option A has been installed

b. How favorably a company’s compensation package compares with the industry-average compensation package

c. Expenditures for best practices training

d. Increases in base pay

e. The size of incentive payments per non-defective pair

19. In Year 11, footwear companies can expect to sell

a. no less than 3.95 and no more than 4.95 million branded pairs and no less than 650,000 and no more than 950,000 private-label pairs

b. an average of 5.5 million branded pairs and an average of 700,000 private-label pairs, although some companies may sell more pairs than the average and other companies may sell fewer than the average due to differing levels of competitive effort

c. exactly 4.844 million branded pairs and 800,000 private-label pairs

d. an average of 4.84 million branded pairs and an average of 800,000 private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort

e. an average of 5.2 million branded pairs and an average of 880,000 private-label pairs

20. The company’s present production capability (as of Year 10) is

a. 8 million pairs without the use of overtime and 10 million pairs with the use of overtime

b. 6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime

c. 4 million pairs without the use of overtime and 6 million pairs with the use of overtime

d. 6 million pairs without the use of overtime and 6.6 million pairs wih the use of overtime

e. 4 million pairs without the use of overtime and 5 million pairs with the use of overtime

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