Comp XM Practice Quiz Questions and Answers 2023 with
complete solution
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.
complete solution
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.
