The company currently has production facilities to make athletic footwear inAsia-Pacific and North America.Latin America and Asia-Pacific.North America and Europe-Africa.China, India, and Brazil.Mexico, Argentina, and India.
The reject rates at the company’s footwear plants are a function ofworkers’ total compensation package, the number of plants, and the installation of upgrade option D.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.the size of worker’s annual base pay, year-end incentive bonuses, best practices training, the plant’s D/P (performance/durability) rating, and the number of models/styles comprising the company’s product line.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.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.
A company’s price competitiveness in selling branded footwear to retailers in a particular geographic region is determined byhow favorably its wholesale price compares to the wholesale price of the company having the largest number of models/styles in that region.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.whether a company’s wholesale price is within 10% of the price charged by the company with the highest S/Q rating in the region.whether a company’s wholesale price is at least 10% below the highest priced footwear brand in the region.how favorably its wholesale price compares with the average wholesale price of all companies competing in the region.The market for branded athletic footwear is projected to grow9-11% annually in Latin America and the Asia-Pacific during the Year 11-Year 15 period and 7-9% annually in these regions during the Year 16-Year 20 period.10% annually in all four geographic markets during Years 11-15, and then increase gradually to 20% annually in all markets by Year 20.8-10% annually in all four geographic regions during the Year 11-Year 15 period and 6-8% annually in all four regions during the Year 16-Year 20 period.6-9% annually in Latin America and Europe-Africa during the Year 11-Year 15 period and 2-5% annually in these regions during the Year 16-Year 20 period.10-14 percent annually worldwide during the Years 11-20.
Which of the following most accurately describes your company’s plant operations?Standard materials are used to make private-label shoes and superior materials are used to make branded footwear.TQM/Six Sigma quality control programs and best practices training are used to boost the S/Q ratings of both branded and private-label footwear.Branded production is done during regular time and private-label footwear is produced only during overtime.The company compensates production workers at the rate of $2 for each pair produced and uses TQM/Six Sigma quality control programs to keep reject rates under 0.01% of the branded pairs produced.Workers are organized into 3-person teams; each team has the capability to make 5,000 pairs annually; and teams are compensated at the rate of $10 per pair produced.
The interest rate a company pays on loans outstanding depends onits current ratio, debt-equity ratio, and default risk ratio.its current ratio, the amount of cash on hand to make interest payments, and the average annual amount of free cash flow.its credit rating.Its accounts payable ratio, its debt-assets ratio, and its loan default percentage over the past three years.its free cash flow in the prior year and whether its prior-year net profit margin exceeded 10%.Which of the following are the 5 measures on which a company’s performance is judged/scored?Revenues, global market share, net profits, ROE, and credit ratingRevenues, net profit, stock price, credit rating, and global market shareQuality rating, stock price, dividends, credit rating, and net profit marginEarnings per share, ROE, stock price, credit rating, and image ratingS/Q rating, revenues, EPS, ROE, and year-end cash balance
The company’s shipments of newly-produced branded and private-label footwear from its plants to its regional distribution centers are subject toexport fees equal to 10% of the manufacturing costs of the pairs shipped and exchange rate shifts of as high as 25%.any applicable import tariffs and exchange rate adjustments.1-million pair import quotas on shipments from foreign plants to Europe-Africa and Asia-Pacific and exchange rate shifts of as high as 5%.shipping charges of $3 per pair on all pairs shipped from one region to another region and exchange rate shifts of as high as 10%.tariffs of $6 per pair and shipping fees of $2 per pair.
Which of the following are components of the compensation package for production workers at your company’s plants?Hourly wages, fringe benefits, year-end bonuses tied to the number of non-defective pairs produced, and overtime payPerfect attendance bonuses at best practices training programs, hourly wages, fringe benefits, and overtime payBase wages, incentive payments per non defective pair produced, and overtime payHourly wages, fringe benefits, annual perfect attendance bonuses, and overtime payAnnual base salary, overtime pay, fringe benefits, and stock options
Which the following are the four geographic regions in which the company sells branded and private-label athletic footwear?North America, Latin America, Asia-Pacific, and Europe-Africa,Middle East, North America, South America, and Asia.The European Union, North America, Southeast Asia, and Latin AmericaMost of Latin America, Europe, Japan/South Korea, and North AmericaWestern Europe, Asia, North America, and South America
Which of the following is/are not among the factors that affect worker productivity?The size of incentive payments per non-defective pairBase pay increasesWhether plant upgrade option D has been installedThe percentage of newly-hired workers and the percentage use of superior materialsExpenditures for best practices training
At the end of Year 10, going into Year 11, the company’s production capability was3 million pairs without the use of overtime and 3.6 million pairs with the use of overtime.5 million pairs without the use of overtime and 6.25 million pairs with the use of overtime.6 million pairs without the use of overtime and 7.5 million pairs with the use of overtime.6 million pairs without the use of overtime and 7.2 million pairs with the use of overtime.5 million pairs without the use of overtime and 6 million pairs with the use of overtime.
The market for private-label athletic footwear is projected to grow12-14% annually in all 4 regions during the Year 11-Year 15 period and 8-10% annually in all 4 regions during the Year 16-Year 20 period.12% annually in all four geographic markets during Years 11-15, and then slow gradually to 8% annually in all markets by Year 20.10% annually in Latin America and North 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.7% annually in Latin America and Europe-Africa during the Year 11-Year 20 period and 4% annually in North America and the Asia-Pacific during the Year 11-Year 20 period.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.
Which of the following best describes the materials the company uses to make its footwear?Durable and non-durable materialsNormal-wear and long-wear materialsNatural and synthetic materialsWaterproof materials and high-strength materialsStandard and superior materials
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?The number of retailers stocking the company’s footwear brand and delivery times to retailers ( 1, 2, 3, or 4 weeks)Expenditures for retailer supportThe number of annual sales promotionsThe appeal of the celebrities signed to endorse the company’s footwearInternet and wholesale prices
Which the following are factors in determining a company’s credit rating?A company’s stock price, earnings per share, ROE, and current ratioIts debt-asset ratio, default risk ratio, and interest coverage ratioThe amount of loans outstanding, its accounts payable, current ratio, and net profit marginThe percentage of loans that not have been repaid, its debt-equity ratio, operating profit margin, and inventories on handThe company’s year-end cash balance, current ratio, and net profit margin
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?The company’s S/Q ratings on branded footwear and the number of models/styles comprising its line of private-label footwearThe company’s customer service ratingThe number of models/styles comprising the company’s product lineThe appeal of the celebrities signed to endorse the company’s footwearThe company’s bid price
In Year 11, footwear companies can expect to sellexactly 4.844 million branded pairs and 800,000 private-label pairs.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.an average of 3.8 million branded pairs and an average of 2.3 million private-label pairs, although sales at some companies may run higher or lower than the averages due to differing levels of competitive effort.an average of 5.2 million branded pairs and an average of 1.3 million private-label pairs.no less than 4.0 and no more than 5.0 million branded pairs and no less than 700,000 and no more than 900,000 private-label pairs.
Which of the following currencies are involved in affecting the operations of your company’s athletic footwear business?The British pound, the Australian dollar, the Japanese yen, the Argentine peso, and the U.S. dollarSingapore dollars, euros, U.S dollars, and Brazilian realsU.S. dollars, Hong Kong dollars, Argentine pesos, euros, and Swiss francsBrazilian reals, Taiwan dollars, euros, U.S dollars, South African rand, and Japanese yenU.S. dollars, euros, the Japanese yen, and the Argentine pesoThe factors that affect a company’s S/Q rating include:the size of incentive bonuses paid to workers for defect-free workmanship; expenditures for best practices training; the age of plants and whether plant upgrades D and E have been installed; and the durability of its footwear.the percentage use of superior materials; a company’s cumulative spending for TQM/Six Sigma quality control programs; the use of best practices training; and expenditures for new styling/features per model.the number of performance features built into its branded models/styles; how long it has been using TQM/Six Sigma quality control programs; whether the company has invested in plant upgrade Option F; and plant reject rates.how big the incentive payment per non-defective pair is; whether shoes are produced with 100% standard materials or 100% superior materials, the durability and of its footwear; and how many models/styles are included in its product line.the prices paid for standard and superior materials; overall footwear quality; how many hours of best practices training that workers have been through; and percentage increases in annual base pay.