WGU C720 Complete OA Prep Exam Guide
Questions And Correct Answers| Get It
Correct !!!
Inputs -
Correct Answers-
People, capital, material, money
Outputs -
Correct Answers-
Services and goods
Sustainability -
Correct Answers-
Defined broadly in operations and supply chain
management as the ethical issues an organization faces
to balance financial performance while maintaining
social responsibility standards and a responsible
environmental profile.
VIRAL -
Correct Answers-
Acronym - A framework for competitive advantage.
Viral, Inimitable, Rare, Aptitude, Lifespan.
The advantage must provide Value to consumers; it
should be Inimitable (not easily imitated), Rare, and an
organization must have the Aptitude (capability) and
Lifespan (sustainability) to earn appropriate returns on
the advantage.
1
,Productivity -
Correct Answers-
A mathematical calculation; it is the ratio of the outputs
achieved divided by the inputs consumed to achieve
those outputs.
6 Types of Inventory -
Correct Answers-
o Raw Materials
o Work In Progress
o Finished Goods
o Replacement Parts Inventory
o Supplies
o Transportation
Raw Materials -
Correct Answers-
These parts and materials are obtained from suppliers
and are used in the production process.
Work-in-process (WIP) -
Correct Answers-
These are partly finished parts, components, sub-
assemblies, or modules.
Finished Goods -
Correct Answers-
Items are ready to ship to the customer. No more work
is required.
2
,Replacement parts inventory -
Correct Answers-
These are maintained to replace other parts in
machinery or equipment as those parts wear out
Supplies -
Correct Answers-
Parts or materials are used to support the production
process but not usually a component of the product.
These items, such as lubricant and cutting tools, are
consumed in the production process.
Transportation (pipeline): -
Correct Answers-
The portion of inventory that is in the process of being
shipped through the distribution system.
4 Types of Demand -
Correct Answers-
o Peak
o Seasonal
o Unexpected
o Chase
Peak Demand -
Correct Answers-
Demand which occurs in response to planned events
such as advertising, publicity or promotion. The release
of a popular game franchise's latest version often causes
peak demand for a few days or weeks.
3
, Seasonal Demand -
Correct Answers-
Demand as shoppers adjust their purchase velocity in
line with holidays, especially Christmas. But Halloween,
Thanksgiving and even St. Patrick's Day also create
seasonal demand for certain kinds of merchandise.
Unexpected Demand -
Correct Answers-
Demand which occurs due to a usually-unexpected
event. For example, an underdog school may upset a
favorite during the NCAA's basketball tournament,
causing a run on their merchandise.
Chase Demand -
Correct Answers-
Demand that occurs when a company has to adjust
production by rates to match demand by varying the
workforce and using overtime. Companies vary the
workforce by adding or reducing the number of
employees on duty at any given time. And they may
choose to provide overtime by asking workers to stay on
the job beyond their normally scheduled time.
Safety Stock -
Correct Answers-
A cushion of inventory to protect against unexpected
demand. In this way, they can continue to meet
customer demand without delays.
Stock Out -
4
Questions And Correct Answers| Get It
Correct !!!
Inputs -
Correct Answers-
People, capital, material, money
Outputs -
Correct Answers-
Services and goods
Sustainability -
Correct Answers-
Defined broadly in operations and supply chain
management as the ethical issues an organization faces
to balance financial performance while maintaining
social responsibility standards and a responsible
environmental profile.
VIRAL -
Correct Answers-
Acronym - A framework for competitive advantage.
Viral, Inimitable, Rare, Aptitude, Lifespan.
The advantage must provide Value to consumers; it
should be Inimitable (not easily imitated), Rare, and an
organization must have the Aptitude (capability) and
Lifespan (sustainability) to earn appropriate returns on
the advantage.
1
,Productivity -
Correct Answers-
A mathematical calculation; it is the ratio of the outputs
achieved divided by the inputs consumed to achieve
those outputs.
6 Types of Inventory -
Correct Answers-
o Raw Materials
o Work In Progress
o Finished Goods
o Replacement Parts Inventory
o Supplies
o Transportation
Raw Materials -
Correct Answers-
These parts and materials are obtained from suppliers
and are used in the production process.
Work-in-process (WIP) -
Correct Answers-
These are partly finished parts, components, sub-
assemblies, or modules.
Finished Goods -
Correct Answers-
Items are ready to ship to the customer. No more work
is required.
2
,Replacement parts inventory -
Correct Answers-
These are maintained to replace other parts in
machinery or equipment as those parts wear out
Supplies -
Correct Answers-
Parts or materials are used to support the production
process but not usually a component of the product.
These items, such as lubricant and cutting tools, are
consumed in the production process.
Transportation (pipeline): -
Correct Answers-
The portion of inventory that is in the process of being
shipped through the distribution system.
4 Types of Demand -
Correct Answers-
o Peak
o Seasonal
o Unexpected
o Chase
Peak Demand -
Correct Answers-
Demand which occurs in response to planned events
such as advertising, publicity or promotion. The release
of a popular game franchise's latest version often causes
peak demand for a few days or weeks.
3
, Seasonal Demand -
Correct Answers-
Demand as shoppers adjust their purchase velocity in
line with holidays, especially Christmas. But Halloween,
Thanksgiving and even St. Patrick's Day also create
seasonal demand for certain kinds of merchandise.
Unexpected Demand -
Correct Answers-
Demand which occurs due to a usually-unexpected
event. For example, an underdog school may upset a
favorite during the NCAA's basketball tournament,
causing a run on their merchandise.
Chase Demand -
Correct Answers-
Demand that occurs when a company has to adjust
production by rates to match demand by varying the
workforce and using overtime. Companies vary the
workforce by adding or reducing the number of
employees on duty at any given time. And they may
choose to provide overtime by asking workers to stay on
the job beyond their normally scheduled time.
Safety Stock -
Correct Answers-
A cushion of inventory to protect against unexpected
demand. In this way, they can continue to meet
customer demand without delays.
Stock Out -
4
