A Library of Questions in a Variety of Formats
Capsim provides a library of questions that instructors may use to tailor the Comp-XM exam to course learning goals. Individual testing provides assurance of learning unique to each student's Capsim simulation experience. Questions can take the form of true/false, multiple choice, ranking, and essay.
The questions with an answer list are scored by the computer. Essay questions are collected by the computer but graded by the professor. Sample questions of each type are listed below. Note how each question, and its answer, is made to relate specifically to a students' business situation. No two questions and answers will be identical.
A true/false question can examine the student's simulated company or any competitor.
Your competitor's Cake product stocked out last round. Instead of 14.2% share in the Traditional segment, you could have achieved 15.9% share.
A Variety of Multiple Choice Questions
Check only those statements that are true
Assume that next year your Adam product could sell 1.8 million units. You currently have capacity to make 900 thousand on first shift, and 900 thousand on second shift. You could meet demand next year without adding capacity. Alternatively, you could buy an additional 900 thousand units of capacity, bringing total capacity to 1.8 million units, and run one shift.
Labor costs are 50% higher on second shift
SG&A expenses (R&D, marketing, and administrative expenses) are unchanged,
whether Adam runs one shift or two shifts
Depreciation expenses increase if Adam doubles its capacity
Interest expense will increase if additional capacity is funded with bonds
If depreciation and SG&A expenses are allocated to first shift, second shift is more profitable than first shift
A ranking question asks students to prioritize a list of possible actions from (1), most important to (5), least important.
Assume Erie Corporation wants to spend $8 million on TQM initiatives next year. Given their strategy and current situation, what outcomes should interest them the most?
___ Material cost reductions
___ Labor cost reductions
___ R&D cycle time reductions
___ Admin cost reductions
___ Demand increase
Multiple Choice Questions
A multiple choice question can explore almost any analytical problem.
The Able product reached break even last round at how many unit sales?
a. 147 thousand
b. 154 thousand
c. 193 thousand
d. 242 thousand
An essay question can present situations that could occur within the simulation scenario. The student enters answers to essays in a text box. The computer simply stores the answer for later evaluation by the professor. When graded, the system accepts the professor's score and comments.
The South Korean company Lucky Goldstar is investigating our industry as an expansion opportunity. Write a 500 word position essay for your company to consider. Assume that at this time Goldstar has no similar products in their portfolio. Consider the following issues:
- Which entry mechanisms can work for them?
- As an industry have you developed a barrier to their entry? That is, would it take a considerable period of time and money before they could successfully enter the market on their own?
- If they choose a direct investment approach and decide to acquire an existing company which company should they purchase? What company is most attractive?
- From a cultural standpoint, how well would your American management and workforce fit in with the Lucky Goldstar management philosophy and approach?
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