Career Insider Verbal Aptitude Test 0003

Structure

Umbrella organisation: It supports the Executive Board with the management of the entire corporate group. Some members of the umbrella organisation are members of the Executive  Board at the same time. Among other individuals, Thomas Morton is a member of the Executive Board. The umbrella organisation is superordinate to three divisions:

Materials: As a rule, customers are from the automotive, shipbuilding and mechanical engineering industry. As well as that some customers are producers and manufacturers of household appliances or metal products. Every customer has special requirements with regard to materials. The Materials Division offers globally innovative materials.

Traffic: This division is Steel Ltd’s largest and most important, and it also produces transport systems as well as system components. In terms of customer clusters, most customers lie in Western Europe, but also countries all over the world.

Engineering: The Engineering Division specialises in mechanical engineering and plant engineering. Although this division somewhat small, the corporate group will not withdraw from this sector in the foreseeable future because it is of strategic importance.

 

Strategy

The assertion of the leading position in the world market:

Innovations: Steel Ltd. has developed new processing technologies which improve the quality of stainless steel, titanium and nickel alloys. Some of these technologies are particularly energy-saving. Various materials have been optimised in order to save environmental resources on a sustainable basis.

Capacity expansion: It was possible to expand the production of transport system components through the expansion or the new establishment of assembly locations. Synergy effects were achieved through the consolidation and relocation of production sites.

Increased Flexibility: For a more individualised handling of orders with regard to special orders, Steel Ltd. has made the working hours of skilled workers – who are employed in the Engineering Division and who have a wealth of experience in their respective sphere of activity – more flexible.

 

Principles

Corporate governance principles: All divisions and the umbrella organisation as well as the research organisation are obligated to comply with them. These include:

Shareholder’s rights: These include the acquisition and free sale of shares, exercising the right to vote as well as a participator’s share in the corporate profit.

Executive Board of Directors and Supervisory Board obligations: They are obligated to comply with the interests of Steel Ltd. The Executive Board decides on the corporate strategy and has to regularly inform the Supervisory Board about the state of the corporate group. If the Executive Board decides on the corporate strategy, the Supervisory Board has to approve it.

Remuneration: The remuneration of the Executive Board members is determined by the Supervisory Board, whereas the Executive Board decides on the remuneration of the top corporate management executives.

Transparency: is not ensured if financial reports are not provided in a timely manner, at optimum every financial quarter.

 

Products & Services

Construction: In addition to the construction of machines, these products and services also comprise the construction of turnkey chemical and industrial facilities as well as power plants.

Automotive: Steel Ltd. supplies vehicle manufacturers with chassis and electronic components. Due to increasing customer demands Steel Ltd. develops complete system components such as braking systems, stabiliser and damping systems as well as active safety systems.

Metals & Composites: These products and services encompass metals in particular. These include, among other things, special steel and aluminum alloys, but also metal ceramics. Special materials can be developed for special requirements and also manufactured by Steel Ltd. if needed. The prices of special materials essentially depend on the quantity ordered.

Research and development: are conducted in collaboration with universities and advanced technical colleges in Germany, Great Britain, France and the USA. The new developments are brought into production within the shortest possible time.

 

Locations

Traffic: Chassis components for passenger vehicles and heavy good vehicles are manufactured in the USA, whereas electronic systems are rather produced in Australia, Asia, Europe and South America.

Materials: In addition to Europe, the USA and Asia, steel as well as aluminum alloys are also manufactured in Australia. In some countries in which Steel Ltd. manufactures aluminum alloys the company also produces metal ceramics.

Engineering: The regional hubs lie in Germany, France, Great Britain and Northern Italy. For the most part, research and development are conducted in Great Britain.

Regional hubs: In Europe, particularly in Germany, Steel Ltd. has a strong position in all corporate segments. If one assumes the number of employees as a criterion, then Steel Ltd’s most important branch location is Dortmund.

 

Board of Directors

Dr. Thomas Morton: Chairman of the Board and certified economist. He has been on the Executive Board for five years. After earning his doctorate in San Francisco he was working for the American aircraft manufacturer Thunder for ten years as the production manager.

Melanie Grison: Director of the Traffic Division. After completing her apprenticeship with Steel  Ltd. as a machine fitter she studied mechanical engineering and then returned to Steel Ltd. as a major customer consultant. Later she assumed project management functions in New York and  Los Angeles and then became head of the Traffic Division.

Anthony Crown: Information scientist and head of the Engineering Division. He initially worked as a systems analyst in the realm of statical calculation, but then switched to Steel Ltd’s IT department as IT project manager and become head of the Engineering division after five years.

Dr. Howard Jacob: Economist and head of the Materials Division. For ten years he was active for a steel manufacturer in various Asian countries (among others, Malaysia and Hong Kong), and then on account for a good offer he switched to Steel Ltd. to work as a strategy consultant. 

 

Instruction: In this test, you will be presented with statements that need to be evaluated individually. Your task is to evaluate the truthfulness of the individual statements based only on the information contained in the brief. First, read the statement then select and look at the material to evaluate that statement.

Then, evaluate the statement. Select TRUE if the statement is absolutely true given the information contained in the brief. Select FALSE if the statement is absolutely untrue given the information contained in the brief. Select CANNOT SAY if you cannot absolutely say, without further information, whether the statement is true or false based on the information contained in the brief.

 

Question 1

Among other things, Steel Ltd. maintains their leading position in the world market by protecting the environment.

 

Question 2

Among other things, Steel Ltd. produces metal ceramics in the USA.

 

Question 3

Among other things, the Construction products and services encompass the construction of machines and power plants.

 

Question 4

Amongst other countries, Steel Ltd. produces aluminium alloys in Europe, the USA and Asia.

 

Question 5

Anthony Crown is a specialist in high-building statics.

 

Question 6

Anthony Crown is probably a specialist in the realm of statical calculation..

 

Question 7

As a regional hub, the German market plays a pivotal role for Steel Ltd.

 

Question 8

As a regional hub, the German market plays a pivotal role for Steel Ltd.

 

Question 9

As a rule, raw materials are not offered in Steel Ltd’s Automotive products and services.

 

Question 10

Because of her apprenticeship as a machine fitter, Melanie Grison decided on her course of studies in mechanical engineering.

 

Question 11

Dortmund is in every respect Steel Ltd’s most important location and main regional hub.

 

Question 12

Dr. Howard Jacob worked for the steel manufacturer, with which he was employed before he joined Steel Ltd., only in Japan.

 

Question 13

Due to the fact that Steel Ltd’s automotive segment develops complete system components, customer demands have increased.

 

Question 14

Electronic components are not supplied to vehicle manufacturers as part of Steel Ltd’s Automotive products and services.

 

Question 15

Electronic systems are produced by the Traffic Division in Australia.

 

Question 16

Every special material which the Materials Division manufactures has been developed especially for a specific customer.

 

Question 17

For the most part research and development for the Engineering Division is conducted in France.

 

Question 18

Howard Jacob has mainly worked for steel producers in his professional career.

 

Question 19

If members of the Supervisory Board are part of the umbrella organisation, then they also support the Executive Board with the management of the entire Steel Ltd. Group.

 

Question 20

If members of Supervisory Board are part of the umbrella organisation, then they do not support the Executive Board in the management of the entire Steel Ltd. Group.

 

Test Solutions

Question 1

Suggested Solution: False

Board of Directors - Melanie Grison:

After completing her apprenticeship with Steel Ltd. as a machine fitter  she  studied mechanical engineering and then returned to Steel Ltd. as a major customer consultant.

 

Question 2

Suggested Solution: True

Structure - Umbrella organisation:

It supports the Executive Board with the management of the entire corporate group.

 

Question 3

Suggested Solution: True

Locations - Materials:

In some countries in which Steel Ltd. manufactures aluminium alloys the company also produces metal ceramics.

 

Question 4

Suggested Solution: True

Strategy - Increased Flexibility:

Steel Ltd. has made the working hours of skilled workers – who are employed in the Engineering Division and who have a wealth of experience in their respective sphere of activity – more flexible.

 

Question 5

Suggested Solution: Cannot Say

Strategy - Capacity expansion:

It was possible to expand the production of transport system components through the expansion or the new establishment of assembly locations.

 

Question 6

Suggested Solution: False

Product & Services - Metals & Composites:

The prices of special materials essentially depend on the quantity ordered.

 

Question 7

Suggested Solution: True

Locations - Traffic:

Chassis components for passenger vehicles and heavy good vehicles are manufactured in   the USA, whereas electronic systems are rather produced in Australia, Asia, Europe and South America.

 

Question 8

Suggested Solution: True

Products & Services - Construction:

In addition to the construction of machines, these products and services also comprise the construction of turnkey chemical and industrial facilities as well as power plants.

 

Question 9

Suggested Solution: Cannot Say

Structure - Materials:

As well as that some customers are producers and manufacturers of household appliances or metal products.

 

Question 10

Suggested Solution: False

Product & Services - Metals & Composites:

Special materials can be developed for special requirements and also manufactured by Steel Ltd. if needed.

 

Question 11

Suggested Solution: False

Structure - Umbrella organisation:

Some members of the umbrella organisation are members of the Executive Board at the same time. Among other individuals, Thomas Morton is a member of the Executive Board.

 

Question 12

Suggested Solution: False

Principles - Corporate governance principles:

All divisions and the umbrella organisation as well as the research organisation are obligated to comply with them.

 

Question 13

Suggested Solution: True

Product & Services - Automotive:

Due to increasing customer demands Steel Ltd. develops complete system components such as braking systems, stabiliser and damping systems as well as active safety systems.

 

Question 14

Suggested Solution: True

Strategy - Innovations:

Various materials have been optimised in order to save environmental resources on a sustainable basis.

 

Question 15

Suggested Solution: False

Product & Services - Research and development:

is conducted in collaboration with universities and advanced technical colleges in Germany, Great Britain, France and the USA.

 

Question 16

Suggested Solution: True

Strategy - Innovations:

Steel Ltd. has developed new processing technologies which improve the quality of stainless steel, titanium and nickel alloys. Some of these technologies are particularly energy-saving. Various materials have been optimised in order to save environmental resources on a sustainable basis.

 

Question 17

Suggested Solution: Cannot Say

Locations - Materials:

In addition to Europe, the USA and Asia, steel as well as aluminium alloys are also manufactured in Australia. In some countries in which Steel Ltd. manufactures aluminium alloys the company also produces metal ceramics.

 

Question 18

Suggested Solution: True

Structure - Materials:

As a rule, customers are from the automotive, shipbuilding and mechanical engineering industry.

 

Question 19

Suggested Solution: True

Product & Services - Metals & Composites:

Special materials can be developed for special requirements and also manufactured by Steel Ltd. if needed.

 

Question 20

Suggested Solution: True

Product & Services - Research and development:

is conducted in collaboration with universities and advanced technical colleges in Germany, Great Britain, France and the USA.