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Q.8 The factors that affect worker productivity include 1. the…
Q.8 The factors that affect worker productivity include
1. the extent to which workers are making branded or private-label shoes with superior materials and with S/Q ratings above 5 stars, the size of the company’s annual expenditures for maintenance of footwear-making equipment, and the extent to which a company’s salaries for supervisors at a particular assembly facility are above/below the regional average.
2. the number of models being produced and assembled at the production facility, whether production improvement option B has been installed, current-year expenditures for TQM/Six Sigma programs, and the total dollars of overtime pay that production workers receive.
3. a ratio of production workers to supervisors that is above the regional average, the extent to which the percentage use of superior materials is above 50%, and the total dollar amount the company spends on best practices training.
4. the size of annual base pay increases, how much the company spends annually for TQM/Six Sigma training to enhance worker skills, and whether the S/Q ratings of the footwear being produced are above or below 5.0 stars.
5. the ratio of production workers to supervisors, the number of footwear models that production workers have to assemble, and how favorably a company’s total compensation package for PAT members compares with the compensation packages at rival companies with production facilities in the same region.
Q9. Which of the following statements about the impact of a company’s competitive efforts in a region on its regional market share and number of branded pairs sold is false?
1. A company’s expenditures for brand advertising in each geographic region have a positive impact on its branded pairs sold when its annual brand advertising expenditures exceed the all-company regional average.
The bigger is a company’s model-based competitive advantage in a region, the bigger the positive impact on its pairs sold and market share in that region.
2. A company’s sales/market share outcomes in a region’s Wholesale Segment are positively impacted when its number of retail outlets is above the regional average and are negatively impacted when its number of retail outlets is below the regional average
3. Companies whose delivery times are in a region are shorter than the all-company average have a competitive disadvantage in attracting footwear retailers to stock their brand.
4. A company’s pairs sold and market share outcomes in a region are negatively impacted when its brand reputation is below the regional average, and this negative impact becomes progressively larger as the size of the percentage below the regional average increases.
Q10. Which of the following is the most important competitive factor in determining a company’s ability to secure contracts to supply private-label footwear to chain retailers in a particular geographic region?
1. The reputation the company has for being a supplier of high-quality private-label footwear
2. The company’s price offer to supply chain retailers with private-label footwear.
3. The appeal of the celebrities the company has signed to endorse its private-label footwear
4. The size of the mail-in rebate the company offers to the region’s buyers of its private-label footwear
5. The amount of merchandising and promotional support the company agrees to provide to chain retailers that market its private-label brand
Q11. The factors that affect the reject rates at the company’s footwear production facilities include
1. the size of the incentive payment per non-defective pair produced, expenditures for best practices training, spending for TQM/Six Sigma quality control efforts, and the number of models/styles comprising the company’s product line.
2. the size of the total annual compensation package of workers, whether the facility is using 100% refurbished equipment or 100% new production with quality-enhancing features, and the percentage use of superior materials.
3. the S/Q rating of the pairs being produced, the size of the bonuses paid to production workers for perfect attendance at company best practices training programs, and company expenditures for improving the designs of the models/styles in its product line.
4. worker annual base pay and overtime pay, the size of year-end quality incentive bonuses paid to production workers, best practices training expenditures per worker, and the number of models/styles comprising the company’s product line.
5. the amount of overtime pay production workers receive, the percentage use of superior materials, spending for TQM/Six Sigma quality control efforts, the number of models/styles comprising the company’s product line, and the installation of production improvement option C.
Q12. Which of the following financial measures are used to determine a company’s credit rating?
1. Its total liabilities as a percentage of toal shareholders’ equity, prior-year interest payments as a percentage of net income, and prior-year return on capital investment
2. Its loans outstanding as a percentage of net income, dividend payout ratio, and debt-equity ratio
3. Its default risk ratio, debt-asset ratio, and interest coverage ratio
4. Its current ratio, accounts payable as a percent of net income, and operating profit as a percentage of global sales of branded and private-label footwear
5. Its debt-equity ratio, current ratio, the average interest rate paid on loans outstanding, and gross profit as a percentage of global footwear sales
Q13. Which of the following currencies are involved in causing favorable or unfavorable exchange rate adjustments to a company’s costs and revenues?
1. U.S. dollars, Chinese renminbi, euros, Brazilian real, and South African rand
2. Euros, Japanese yen, U.S. dollars, Argentine pesos, South African rand, and the Australian dollar
3. Brazilian reals, U.S. dollars, Australian dollars, euros, and Chinese renminbi
4. Euros, U.S. dollars, Singapore dollars, and Brazilian reals
5. Singapore dollars, euros, Swiss francs, South African rand, Chilean pesos, and U.S. dollars
