Business Competency

As the Comp-XM exam is time consuming, it is self-paced. It was designed to access knowledge gained within the simulation. Below you can find an overview of the exam.

Comp-XM Roadmap

The hours listed below depict the average amount of time it takes to complete each round.

Simulation

· Begins with the takeover of a strong company – not every company begins at the same place

· Evaluated using the balanced scorecard

· Four rounds of decision makin:

Round 1 – Week 3-4

Round 2 – Week 4-5

Round 3 – Week 7-8

Round 4 – Week 8-9

· Competing against three computer-based teams

· Four market segments:

·

1. Thrift

2. Core

3. Nano

4. Elite

Board Queries (Multiple Choice Questions)

· Five rounds of questions

· Based upon Comp-XM Inquirer – linked to the exam simulation

How to prepare

1. If you or your team decides to introduce a new sensor product, when should capacity and automation be purchased?

1. Two years or rounds prior to product release

2. One round prior to product release

3. The round of product release

4. The round after product release

5. Purchase of capacity and automation is not necessary for new product release

2. The promotion budget affects:

1. awareness

2. brand equity

3. performance

4. size

5. none of the above

3. What is the minimum amount of time that it takes to invent a new sensor?

1. 3 months

2. 6 months

3. 1 year at least

4. 2 years at least

5. 5 years or more

4. Which one of the following is NOT one of the four product characteristics that R&D can set?

1. performance

2. quality

3. size

4. reliability

5. age

5. The Finance Department can use which of the following methods to acquire capital for company activities?

1. Current Debt, Stock Issues, Bond Issues and Profits

2. Profits, Current Debt, Withholding Pensions and Stock Issues

3. Liquidating Inventory, Stock Issues, Bond Issues and Profits

4. Credit Lines, Bond issues, Stock Issues and Profits

5. Current Debt, Stock Issues, Bond Issues and cooking the books

6. How can assembly lines double their capacity?

1. Speed up the production by automating

2. Add a second shift

3. Double the material available to the line

4. Build more assembly lines

5. Assembly line capacities can not be doubled