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OMGT TEST 2 Comprehensive Questions (Frequently Tested) and Complete Solutions Graded A+ ECU

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OMGT TEST 2 Comprehensive Questions (Frequently Tested) and Complete Solutions Graded A+ ECU

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OMGT TEST 2 Comprehensive
Questions (Frequently Tested) and
Complete Solutions Graded A+ ECU
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,Customer arrivals at a dry cleaning service occur randomly throughout
the day. The distribution that is usually used to model the interval
between arrivals is the: - Answer: A) Poisson distribution



One advantage of simulation modeling is: - Answer: C) it allows the user
to conduct a "what if" analysis.



Firms do not compete only against global competitors, but against: -
Answer: D) their competitors' supply chain.



The percentage of value of shipments that come from materials for the
average manufacturer is: - Answer: B) greater than or equal to 50 and
less than or equal to 59 percent.



The analyst turned on his bankers' lamp, adjusted his eye shade, and
slowly pulled a legal pad from his desk. His weathers hands punched
the buttons on his desk calculator deliberately as he divided earnings by
total assets in order to calculate: - Answer: A) return on assets.



The phenomenon that a dollar in cost savings increases pretax profits
by a dollar, while a dollar increase in sales increases pretax profits only
by the dollar multiplied by the pretax profit margin is known as the: -
Answer: D) profit leverage effect.

, Which of the following is required in order to execute a successful
spend analysis? - Answer: C) ability to analyze large quantities of data.



The use of the supply chain partners to provide products or services is
called: - Answer: A) outsourcing.



One advantage of outsourcing is that it: - Answer: B) increases the
company's access to state-of-the-art products and processes.



Which of these is an indirect cost associated with insourcing? - Answer:
A) maintenance.



A company using portfolio analysis correctly decides to streamline the
purchasing process for a few items by use of EDI and automated
requisitions to the greatest extent possible. The quadrant that these
items fall in is most probably the: - Answer: D) routine quadrant.



The ratio of earnings to sales for a given time period is the: - Answer: C)
profit margin.



When compared with single sourcing, multiple sourcing has the
advantage of: - Answer: A) spreading risk.

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