20-question multiple choice quiz tests your comprehension of the Company Operating Reports, the information on page 5 of the Footwear Industry Report, and exchange rate adjustments. The purpose of Quiz 2 is to ensure you have a strong grasp of your company’s revenue-cost-profit economics (the more you understand the company’s business—in terms of how the numbers are calculated and what they mean—the better prepared you are to make solid decisions).
Prior to taking Quiz 2, be sure to print or have readily available the table of “Financial Ratios Used in BSG.” which can be found under the Player’s Guide tab in your Corporate Lobby. This Table explains how all the financial ratios and credit rating measures are calculated—7 of the 20 questions for Quiz 2 involve the various financial ratios and credit rating measures.
Prior to taking Quiz 2, be sure to print or have readily available the following Help pages associated with the various Company Operating Reports from which the remaining 13 questions are drawn:
Help page for the Plant Operations Report
Help page for the Revenue-Cost-Profit Performance in the Wholesale and Internet Segments
Help page for the Private-Label Report
Help page for the Marketing and Administrative report
Help pages for the financial statements:
Cash Flow Statement
It is unlikely that you will score well on Quiz 2 without having immediate access to the financial ratios table and the above specified Help pages when you attempt the quiz. You might also want to have the Player’s Guide available for reference.
In preparing for Quiz 2, be sure you understand how costs are allocated between branded and private-label footwear—cost allocations are fully explained on the Help page associated with the Plant Operations Report, the Branded Revenue-Cost-Profit Report, the Private-Label Report, and the Marketing and Admin Report. Some questions on Quiz 2 will relate to the company’s financial statements (again the Help pages associated with the financial statements will be most informative and helpful), and 7 of the quiz questions will relate to page 5 of the FIR (particularly as concern the calculations of the three factors underlying the credit rating and the various ratios at the bottom of p.5 of the FIR). You can also expect questions about exchange rate adjustments (which are explained in some detail on several of the Help pages, especially the one associated with the Private-Label Report).
You will need a calculator to take the quiz, as many of the questions involve calculations.
Three sample questions are provided below.
The deadline for taking Quiz 2 is determined by your instructor. The deadline is included in the Decision Schedule (see the Decisions Schedule Tab in your Corporate Lobby) and it will also appear as a reminder in the Messages & Deadlines section of your Corporate Lobby when the quiz becomes available.
The time limit for completing Quiz 2 is 2 hours and 0 minute minutes, as determined by your instructor. The timer begins running when you click the Take Quiz 2 button at the bottom of this page; once the timer starts it cannot be paused or stopped for any reason. You may answer the 20 questions in any order you wish, you may skip a question and return to answer it later, and you may go back to a previous question and change an answer as time permits. When the time for completing the quiz expires, however, answers to questions may no longer be entered or changed, and the quiz is automatically graded and submitted to your instructor.
Your score on the quiz will be reported to you immediately. You will be able to review all of the questions and answers once the deadline for taking the quiz has passed. Your instructor has the option of including your quiz score as part of your overall grade on the BSG exercise.
WARNING: Be sure to print the Help pages for page 5 of the Footwear Industry Report, the Plant Operations Report, the Branded Revenue-Cost-Profit Report, the Private-Label Report, the Marketing and Admin Report, and the financial statements before you attempt Quiz 2. Most of the quiz questions are taken directly from information on the Help pages for these reports. It will be extremely difficult for you to earn a respectable score on Quiz 2 without having these Help documents readily available when you attempt the quiz.
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