Quiz: United States Dollar and Best Practices

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Strategic Thinking - Quiz 1
1. The market for private-label athletic footwear is projected to grow 2. a.4-6% annually in all 4 regions during the Year 11-Year 20 period. 3. b.10% annually in all four geographic regions during the Year 11-Year 15 period and 8.5% annually in all four regions during the Year 16-Year 20 period. 4. c.8% annually in all four geographic markets during Years 11-15, and then slow gradually to 3% annually in all markets by Year 20. 5. d.10% annually in North America and Latin America during the Year 11-Year 20 period and 12% annually in Europe-Africa and the Asia-Pacific during the Year 11-Year 20 period. e.10% annually in North America and Latin America during the Year 11-Year 20 period and 8.5% annually in Europe-Africa and the Asia-Pacific regions during the Year 11-Year 20 period. 6. 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.Piecework incentives per pair produced, perfect attendance bonuses at best practices training programs, stock options, fringe benefits, and overtime pay c.Weekly salary, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime pay d.Base wages, incentive payments per non defective pair produced, and overtime pay e.Hourly wages, overtime pay, teamwork bonuses, fringe benefits, and stock options 7. Which of the following are the four geographic regions in which the company sells branded and private-label athletic footwear? a.The United States, Argentina, Great Britain, and Japan b.Europe-Africa, Latin America, Asia-Pacific, and North America c.Germany, Brazil, China, and the United States d.Latin America, Europe, China, and North America e.Japan/China, North America, the European Union, and the Middle East 8. Which of the following most accurately describes your company's plant operations? a.The company makes most all of its footwear materials and components in-house and uses 25-person assembly lines to make branded shoes at the rate of 5000 pairs per week. b.Branded production is done during regular time and private-label footwear is produced only during overtime. c.All footwear production teams must go through 40 hours of best practices training annually. d.Standard and superior materials are sourced from outside suppliers at prices that vary according to global demand-supply conditions; the company's production workers are compensated on the basis of both base pay and incentive payments per pair produced. e.Workers are organized into 3-person teams; each team has the capability to make 5,000 pairs annually; teams are compensated at the rate of $10 per pair produced. 9. A footwear-maker's price competitiveness in selling branded footwear to retailers in a particular geographic region is determined by a.whether its net wholesale price after all rebates is above or below the net wholesale price of all companies after all rebates are factored in. b.how favorably its wholesale price compares to the highest price being charged by the rival company with the lowest S/Q rating in the region. c.whether its wholesale price is above or below the average price of all companies competing in that geographic region. d.whether its wholesale price is at least 10% below the wholesale price of the company having the most number of models/styles in the region. e.how favorably its wholesale price compares with the wholesale price of the company having the highest S/Q rating in any of the four geographic regions. 10. The company's shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject to a.export fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%. b.any applicable import tariffs and exchange rate adjustments. c.1-million pair import quotas on shipments from foreign plants...
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