OM 300 EXAM QUESTIONS

PDF Download

OM 300 EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -55 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: tangibles products

Answer:

Goods: shirts, shoes, pants, etc.

Question 2: A strategy is

Answer:

an action plan to achieve a mission Question 3: The set of activities that create value in the form of goods and services by transforming inputs into outputs.

Answer:

Operations Management

Question 4: Economic activities that produce intangible product.

Answer:

Services: Education, financial, government

Question 5: What are the base of OM decisions?

Answer:

People, Product, Process

Question 6: 3 strategies for competitive advantage?

Answer:

Differentiation, cost leadership, response Question 7: The most critical part of a business, basically where it can continue or where it crashes

Answer:

Growth

Question 8: What is the key success factors to OM?

Answer:

Product, Quality, Process, Location, Layout, Human resource, supply chain, inventory, schedule, and maintenance.Question 9: Relate people, money, and supplies to specific activities to each other

Answer:

Scheduling Question 10: Which of the following not one of the three strategic approaches to competitive advantage?A. cost leadershipB. DifferentiationC. InnovationD. Response

Answer:

Innovation Question 11: A set of skills, talents, & capabilities in which a firm is particularly strong is referred to as

Answer:

core competencies

Question 12: Business is beginning to develop

Answer:

introduction

Question 13: What is the key factors for Finance/Accounting?

Answer:

Leverage, cost of capital, working capital, receivables, payables, financial control, lines of credit Question 14: Monitor resources, costs, quality, and budgets; revise plans and shift resources to meet time and cost demands

Answer:

controlling

Question 15: what are the three Ps in the triple bottom line of the three Ps?

Answer:

people, planet, profit

Question 16: The creation of goods and services

Answer:

production Question 17: What is a design that can be produced to requirements even with unfavorable conditions in the production process?

Answer:

Robust design

Question 18: What is the key success factors for marketing?

Answer:

Service, distribution, promotion, channels of distribution, and product positioning Question 19: The three phases involved in the management of large products are:

Answer:

Planning, scheduling, and controlling Question 20: The forecasting time horizon that would typically be easiest to predict for would be

the:

Answer:

short range

Question 21: Which of the following is NOT an OM strategy/issue during the growth stage of the product life cycle?Reduce capacityforecasting criticalenhance distributionshift towards product focus

Answer:

reduce capacity Question 22: Competition in the 21st century is no longer between companies; it is between

Answer:

supply chains Question 23: What is a data pattern that repeats itself after a period of days, weeks, months, or quarters?

Answer:

Seasonality

Question 24: What is the stuff of OM decisions?

Answer:

Quality ManagementInventory ManagementSupply Chain Management

Question 25: What is the face of OM decisions?

Answer:

Scheduling and Maintenance

Question 26: What is the place of OM decisions?

Answer:

Location and layout Question 27: The slack for any activity on the critical path will be:

Answer:

zero

Question 28: How is the EF computed?

Answer:

ES + Activity time