Minai said:
I gather Mikes Bikes is your practice set
If you understand it and do it well, it'd come real handy in the final exam
Luckily it's not our practice set. We did a practice set for ACCT 1A, but we don't have a practice set for 1B.
But yeh, Mikes Bikes is " a business simulation ", its an simulation/game where u and ur team members (you're in a team) manage a company. You basically operate a theoretical bicycle company against other teams in your tutorial, and u make sales/marketing, operations/production, finance and R+D decisions.
It's designed to "develop our management accounting skills", where we have to develop strategies (differentiation, cost leadership etc) and implement decisions.
But the simulation/game has been pretty fun, really made the course more enjoyable.