Question $1(1$ point$)$

What are the most important items to keep in mind as you work through the simulation?

Question $1$ options:

It is best to keep up with the work before you get behind, and you need to work with your teammates.

Simulations are a way to forecast demand, and it maintains accurate financial statements

You are trying to come up with accurate ways of forecasting demand, and the way in which the accrual accounting system distorts information and sometimes hides critical facts from the management and others.

Question $2(1$ point$)$

In your reading, businesses review the financial accounting system which is called the language of business. What is that accounting system called?

Question $2$ options:

The accrual accounting system

The income statement accounting system

The costs associated with production

Question $3(1$ point$)$

Looking for patterns to understand what rival firms intend to do is one of the primary tools firms use in almost every industry.

Question $3$ options:

True

False

Question $4(1$ point$)$

Capital spending commitments are some of the strongest signals a firm can send to the marketplace about its competitive intentions.

Question $4$ options:

True

False

Question $5(1$ point$)$

By issuing stock or taking on long$-$term debt to finance the expansion, a firm makes it difficult to obtain capital for other projects.

Question $5$ options:

True

False