Globus Practice Exam with Answers (20 Solved Questions)

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QUIZ 11. A camera-maker's price competitiveness in a particular geographic region isdetermined bywhether the average wholesale price it camera retailers for its camera models is within $20of the regional average wholesale price; all companies with average wholesale priceswithin $20 of the regional average wholesale price are considered to be price competitive.All other companies are considered to be charging average wholesale prices that are NOTprice competitive.whether the average wholesale price for its camera models is within 10% of the lowest-pricedcamera brand in the region: a company becomes progressively less price competitive thegreater its average wholesale price is more than 10% above the company with the lowestaverage wholesale price. how favorably the average wholesale price it is charging cameraretailers for its models compares to the lowest average wholesale price being charged by arival camera-maker in that same geographic region.how much its average wholesale price to camera retailers in the region is above or belowthe regional average wholesale price.whether the average wholesale price it is charging camera retailers for its models is atleast 10% below the highest-priced camera brand in the region: all companies whoseaverage wholesale price is more than 10% below the highest-priced camera brand in theregion are considered to be price competitive .2. Which of the following does NOT accurately describe your company'scamera/drone businessand operations?The company has two buildings for assembling products at its Taiwan site--one for camerasand one for drones (the drone assembly process also includes assembly of an action-camera model having features and specifications suitable for use in camera-equippeddrones). No camera models or drone models are assembled in advance, warehoused incompany facilities, and then used to fill incoming orders.The unmanned aerial view (UAV) drones assembled at the Taiwan plant are sold directly tobuyers at the company's website and to other online retailers of commercial drones in eachgeographic region.The company makes the majority of the needed camera components at facilities closeto its Taiwan assembly plant; newly-produced camera components are transferred bytruck on a just-in-time basis to the company's camera assembly facilities where thecompany operates a 250-person assembly line capable of turning out 3,250 camerasper hour. There is ample space at the camera assembly facility to add two more 250-person assembly lines should they be needed later to fill incoming buyer orders.Your company maintains regional facilities in Milan, Italy: Singapore; Sao Paulo. Brazil: andDallas. Texas to handle the company's marketing efforts in each of the world's principalgeographic regions, to support the merchandising efforts of area retailers who stock thecompany's brand of action-capture cameras and UAV drones, and to process camera/drone

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warranty claims (including making needed repairs) originating in their respectivegeographic regions.Once the company's action-capture cameras are assembled and tested. the company shipsthem across the world to multi-store chains and online retailers that sell electronicsproducts and to a wide variety of local retail shops stocking and merchandising (orsometimes renting) action-capture cameras to their customers.3. The benefits of current and cumulative expenditures for camera/droneproduct R&D do NOTinclude which of the following?Providing a pipeline of tested ways to add more features, improve product performance.andbuild the company's proficiencies in introducing new and improved camera/drone designsand modelsReducing the costs of camera/drone parts, components, accessories. and enhancementfeatures; the size of this benefit varies according to the amount spentBoosting a company's P/Q ratings (the size of this benefit varies with the current andcumulative amounts spent and shows up in the P/Q ratings at the beginning of thefollowingyear)Reducing annual maintenance costs for installed camera/drone workstations (thisbenefit show up at the beginning of the following year)Increasing the productivity of PATs in assembling camera/drone models (because of easiertoassemble product designs); the size of this benefit occurs immediately and variesaccordingto the amount spent4. Which one of the following is NOT a factor in determining a company's actioncamera sales andmarket share in a particular geographic region?The number of camera models in each company's line-up of camera offerings, the length ofthe warranty period for each company's camera models. and the amount companies spendfor advertising.How a company's average wholesale price for the camera models it sells to retailers in theregion compares with the average wholesale prices of the camera models of competingcompaniesThe extent to which the number of week-long camera sales promotions a company hasannually is above/below the region's all-company averageThe amounts by which the company's credit rating and customer service rating areabove/below the regional averageWhether the size of the discounts off the regular average wholesale price a company offerstoretailers during weekly sales promotion campaigns is above/below the regional average

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5. Which of the following are components of the compensation package formembers ofcamera/drone PATs?Annual base wage, assembly quality incentives ($ per unit assembled divided equallyamong PAT members), year-end bonus for perfect attendance, and the dollar-cost of aPAT member's fringe benefit packageWeekly salary, the cost of a PAT member's fringe benefits package, weekly bonuses formeeting or beating the PAT's weekly assembly quota. overtime pay, and a monthlyallowancefor living expensesThe hourly wage paid each PAT member (which can differ for camera PATs and drone PATs i.the costs of a PAT member's fringe benefit package, overtime pay, and a weekly allowancefor cost of living expensesthe daily wage paid to each PAT member, the costs of company-paid fringe benefits. abonusof $4.00 per camera/drone assembled by each camera/drone PAT (which is subject tochange), and a weekly allowance for living costsMonthly salary. the cost of a PAT's fringe benefits package, year-end awards of 10 shares ofcommon stock for perfect attendance. weekly bonuses for meeting or beating the PAT'sweekly assembly quota, and a monthly allowance for living expenses6. Which of the following currencies are NOT involved in affecting the revenuesyour companyreceives on shipments of action-cameras and UAV drones to buyers in the fourgeographicregions where it competes?U.S. dollars and eurosThe Brazilian real and Taiwan dollarsU.S. dollars and Taiwan dollarsThe Japanese yen and the Mexican pesoSingapore dollars and euros7. The Global Community Bank. under terms of its long-term banking agreementwith thecompany, has agreed to lend the company additional monies should you elect touse debt tohelp finance growth and other financial needs; the interest rate the GCB willcharge on suchloans is determined is tied to the payback period (1-year, 5-years, 10-years) andtothe company's debt-assets ratio and gross profit margin.the company's net profit margin.the company's credit rating and the going rates of interest in world financial markets,how many consecutive years the company has been profitable and its interest coverageratio.the company's balance sheet strength.

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8. The factors that affect the productivity of both camera PATs and drone PATsincludeperfect attendance bonuses, the percentage use of overtime. the percentage of newly-hiredPATs, and how well total compensation levels (not including overtime pay) forcamera/dronePATs compare against the camera/drone all-company averages.the amount of overtime pay that camera/drone PAT members receive, warranty claimrates,camera/drone P/C) ratings. and how the total compensation packages (not includingovertimepay) of PAT members compare to the all-company average compensation levels.the warranty claim rate. the amount of overtime pay each PAT member receives, the totalnumber of cameras/drones that have to be assembled each year. the amount a companyspends annually per camera/drone PAT on training and productivity-enhancing assemblymethods, and the number of camera/drone components that PAT members have toassemble.the size of assembly quality incentives paid to camera/drone PATs, how favorably theoverall size of a company's total compensation package (not including overtime pay)per camera/drone PAT member compares against the camera/drone all-companyaverages, and changes in the number of camera/drone models that have to beassembled.the complexity of the camera/drone designs. the size of the weekly bonuses paid to PATmembers for exceeding the weekly assembly quota, the number of different models thathaveto be assembled, and the number of components that are used in assembling eachcamera/drone.9. Worldwide unit sales of wearable, miniature action-capture cameras arereliably projected togrow20% annually for Years 6-10, and then slow gradually to 10% annually by Year15.• 6-8% annually during Years 6-10 and then to grow at a slower 4-6% annuai rate duringthe following five years (Years 11-15).at rates that increase 1% each year, starting from 6% in Year 6 and rising to 15% by Year15.at 10-12% annually during the Year 6-Year 10 period and at 7-9% annually during the Year11-Year 15 periodat annual rates slowly declining from 15% in Year 6 down to 5% in Year 15.10. Which of the following are the four geographic regions in which the companyis currently sellingits action cameras and UAV drones?The United States, Western Europe, Australia-New Zealand. and Southeast AsiaEurope-Africa, Latin America, Asia-Pacific, and North AmericaWestern Europe. Asia, North America. and South AmericaLatin America. the European Union, China. and North AmericaThe European Union. North America, Southeast Asia. and Latin America

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11. Which of the following is NOT included among the five measures on which acompany'sperformance is judged/scored?Earnings per shareRevenues and customer satisfactionLatest stock priceCredit rating and ROEImage rating12. The factors that affect the P/Q rating of a company's action cameras includethe percentage of the action cameras that it sells which are outsourced from contractassemblers in Taiwan or mainland China.the prices it pays suppliers of materials and components used in its action-capturecamerasand the quality ratings of these materials and components.the average wholesale price it charges camera retailers for its models, the quality anddurability of the camera housing, and the number of extra performance features designedintoits cameras.image sensor size, the size of the LCD display screen, the image quality of the videosand still pictures, and the number of photo modes for videos and still pictures.the size of assembly quality incentives it pays to camera PAT members, warranty claimrates,and the age of camera assembly workstations.13. The company has its camera and drone assembly facilities inChina.Japan.Brazil.Mexico.Taiwan.14. Which of the following statements about your company's assemblyoperations for cameras anddrones is false?The capital costs of new workstations and facilities expansions are paid in full in the yeartheyoccur.Cameras are assembled by 4-person PATs, while drones are assembled by 5-personPATs due to the added number of components and more complicated assemblymethods.All of the company's capital expenditures for fixed assets (facilities, workstations. roboticsupgrades, office equipment, and furnishings) at the Taiwan plant site are depreciated over20years at the rate of 5% annually.The manufacturers of robots have recently developed small robots capable of performingsome of the tasks/work steps in assembling both action cameras and UAV drones: installing

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one of these robots at each camera/drone workstation enables the size of PATs to be cut byone person.The maximum number of cameras/drones that can be assembled at overtime is 20% of thenumber of cameras/drones that a camera/drone PAT assembles each year.15. Which of the following statements about crafting a strategy to becompetitively successful in themarkets for action cameras and drones is true?The strategy and competitive approach that most frequently produces good-to-excellentoverall company performance involves striving to be exceptionally cost efficient andpursuinga competitive advantage keyed to operating more cost-efficiently than rivals. therebybeing ina strong position to profitably sell action cameras and UAV drones at prices below those ofrivals.So long as a company is profitable. there is no compelling need for its managers to makechanges or adjustments in the company's strategy and competitive actions/efforts inresponse to the shifting strategies and competitive efforts of rival companies that areactivelystriving to improve their overall performance.• Because GLO-BUS has no built-in bias that favors any one strategy or approach tocompeting over all the others, there are multiple strategic approaches and sets ofcompetitive efforts/actions that, if properly designed and well-executed. are capable ofproducing competitive success in the global market for cameras/drones, provided theyare not overpowered or thwarted by even more potent strategic approaches andcompetitive actions/efforts that are well-executed by rival companies..Whether a company is operating cost efficiently is not especially important to a company'scompetitive success or profitability. so long as its sales/market shares of cameras/drones inthe 4 geographic regions are above the industry averages.What really drives the sales/market share success/failure of any one company's strategyforcompeting in the marketplace is whether its prices in the 4 geographic regions are belowtheindustry averages and its P/Q ratings are well above the industry averages in all 4 regions.16. Which of the following is NOT accurate as concerns the retailers and buyersof action-capturecameras?• Retailers in any geographic region can order action cameras one business day andreceive them five business days later.Each of the four major geographic regions of the world market has 12,500 retailers ofaction capture cameras, some of which are multi-store retail chains (100 per region), onlineelectronics retailers (400 per region), and local retail enterprises that sell or rent thesecameras (12,000 per region).Retailers typically carry anywhere from 2-4 brands of action-capture cameras and stockonlycertain models of the brands they do carry, but in all four geographic markets there arearound 20 "full-line" action camera retailers that stock most all brands and models.Many price-sensitive consumers shopping for their first action-capture camera are inclined

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towait to make a purchase until retailers in their area have weekly sales promotions featuringdiscounted prices.People interested in purchasing a wearable action camera in order to record their actionadventures for personal viewing and also to share their experiences with others (perhapsonFacebook or other sites) are generally quite aware that there are often big differences intheprices and performance of various camera brands and a big majority do extensive Internetresearch to educate themselves about the features. performance. and prices of differentaction-capture camera brands and models.17. The factors that affect a company's P/Q rating for UAV drones do NOT includethe amount a company spends on training its drone-related PATs and improving its drone-related assembly methods.the caliber of the built-in action-capture camera.a company's cumulative spending on product R&D.the number of suppliers the company utilizes for its purchaser components.the caliber of the obstacle sensors.18. Which of the following is NOT accurate as concerns the online retailers ofunmanned aerial viewdrones and/or the buyers of unmanned aerial view drones?It is easy and common for likely drone purchasers to do considerable comparison shoppingbefore making a decision about which drone brand to buyBoth drone-makers and 3rd-party online electronics retailers of drones have extensiveinformation on their websites about the currently available models they offer for sale.* The purchasers of drones in Latin America and the Asia-Pacific regions are lesssensitive to cross-brand price differences than are drone purchasers in North Americaand Europe-Africa; rather, the biggest factor affecting their purchase decisions are theP/0 rating of the various brands of UAV drones..Potential buyers pay at least some attention to the search engine advertising theyencounterwhen browsing for information about UAV drones, and their decisions to ultimatelypurchasethis or that brand are affected by these ads.The vast majority of drone shoppers consider the widely-available and much-publicizedannual P/Q ratings compiled by the Global Alliance for Safe and Responsible Use ofCommercial Drones to be a trusted measure of the performance and quality of competingbrands of drones.19. Which of the following is one of the factors that determine a company'scredit rating?• Its debt-to-equity ratioThe company's average return on shareholders' equity over the most recent three yearsA company's earnings per shareWhether the company has the ability to pay off all outstanding loans within 5 years

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The percentage of the net income the company allocates in the prior two years to payingback loans outstanding20. Which of the following statements does NOT accurately describe how yourcompany'sperformance is scored on the Investor Expectations Standard?Exactly meeting each of the 5 performance targets results in an Investor Expectation Scoreof100.Meeting each expected performance target is worth some number of points based on thescoring weight your instructor selected; for example, if the scoring weight for EPS is 20% or20 points, meeting the EPS target earns a score of 20 on the EPS performance measure.There is a Game-to-Date or "all-years" Investor Expectation Score that measures yourcompany's success in achieving or exceeding the five expected performance targets overallyears of the exercise completed so far.The investor expectations standard for scoring your company's performance is based onyourcompany's success in meeting or beating each year's expected performance targets forEPS.return on equity or ROE, credit rating, image rating, and stock price appreciation.Beating one of the five investor expectations targets results in a bonus award of 1%for each 1% the annual target is exceeded (up to a maximum bonus of 40%); thus, ifachieving the EPS target is worth 20 points, a company can earn a score of 28 pointsby beating the annual EPS target by 40% or more.1. Which of the following does NOT accurately describe your company'scamera/drone businessand operations?The company has two buildings for assembling products at its Taiwan site--one for camerasand one for drones (the drone assembly process also includes assembly of an action-cameramodel having features and specifications suitable for use in camera-equipped drones). Nocamera models or drone models are assembled in advance, warehoused in companyfacilities, and then used to fill incoming orders.Your company maintains regional facilities in Milan, Italy; Singapore, Sao Paulo, Brazil; andDallas, Texas to handle the company's marketing efforts in each of the world's principalgeographic regions. to support the merchandising efforts of area retailers who stock thecompany's brand of action-capture cameras and UAV drones. and to process camera/dronewarranty claims (including making needed repairs) originating in their respectivegeographicregions.The unmanned aerial view (UAV) drones assembled at the Taiwan plant are sold directly tobuyers at the company's website and to other online retailers of commercial drones in eachgeographic region.The company makes the majority of the needed camera components at facilities closeto its Taiwan assembly plant; newly-produced camera components are transferred bytruck on a just-in-time basis to the company's camera assembly facilities where thecompany operates a 250-person assembly line capable of turning out 3.250 cameras

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per hour. There is ample space at the camera assembly facility to add two more 250-person assembly lines should they be needed later to fill incoming buyer orders.Once the company's action-capture cameras are assembled and tested. the company shipsthem across the world to multi-store chains and online retailers that sell electronicsproductsand to a wide variety of local retail shops stocking and merchandising (or sometimesrenting)action-capture cameras to their customers.2. Worldwide unit sales of wearable, miniature action-capture cameras arereliably projected togrow6-8% annually for Years 6-10 and then to grow at a slower 4-6% annual rate during theYears 11-15.at rates that can range from as little as 5% annually to as high as 15% annually.about 10% annually through Year 15.to grow 8-10% annually during Years 6-10 and then to grow at a slower 6-8% annual rateduring the following five years (Years 11-15).10% annually for Years 6-10. and then slow gradually to 5% annually during Years 11-15.3.Which of the following is NOT accurate as concerns the online retailers ofunmanned aerial viewdrones and/or the buyers of unmanned aerial view drones?The vast majority of drone shoppers consider the widely-available and much-publicizedannual P/Q ratings compiled by the Global Alliance for Safe and Responsible Use ofCommercial Drones to be a trusted measure of the performance and quality of competingbrands of drones.The purchasers of drones in North America are less sensitive to cross-branddifferences in P/Q ratings than are drone purchasers in Latin America; rather. thebiggest factor affecting the purchase decisions of North American drone buyers arethe retail prices being charged for the various brands of UAV drones.Market research confirms that the prior-year overall images/brand reputations of rivaldronemakers have a moderately strong influence on the brand choices of drone buyers intheupcoming twelve months.Because your company sells its UAV drone models at the company's own website in directcompetition with other online retailers of UAV drones, these online retailers are inclined tostock and display your company's brand of drones only if they can purchase your dronemodels at an attractive percentage discount to the price being charged on your website.When two brands of drones have slightly different prices and P/Q ratings (and all otherbuyerconsiderations are. on balance, an even tradeoff between the two brands), then a biggerpercentage of buyers in Europe-Africa will purchase the brand with the higher P/Q ratingwhile a bigger percentage of buyers in the Asia-Pacific region will purchase thecheaperpriced brand.

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