WGU C720 COMPLETE OA PREP GUIDE EXAM | COMPLETE
QUESTIONS WITH 100% RATED EXPERT SOLUTIONS |2026 LATEST
UPDATED
Inputs - (answer)People, capital, material, money
Outputs - (answer)Services and goods
Sustainability - (answer)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 - (answer)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.
Productivity - (answer)A mathematical calculation; it is the ratio of the outputs
achieved divided by the inputs consumed to achieve those outputs.
6 Types of Inventory - (answer)o Raw Materials
o Work In Progress
o Finished Goods
o Replacement Parts Inventory
o Supplies
o Transportation
Raw Materials - (answer)These parts and materials are obtained from suppliers and
are used in the production process.
,Work-in-process (WIP) - (answer)These are partly finished parts, components, sub-
assemblies, or modules.
Finished Goods - (answer)Items are ready to ship to the customer. No more work is
required.
Replacement parts inventory - (answer)These are maintained to replace other parts
in machinery or equipment as those parts wear out
Supplies - (answer)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): - (answer)The portion of inventory that is in the process
of being shipped through the distribution system.
4 Types of Demand - (answer)o Peak
, o Seasonal
o Unexpected
o Chase
Peak Demand - (answer)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.
Seasonal Demand - (answer)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 - (answer)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 - (answer)Demand that occurs when a company has to adjust
production by rates to match demand by varying the workforce and using overtime.
QUESTIONS WITH 100% RATED EXPERT SOLUTIONS |2026 LATEST
UPDATED
Inputs - (answer)People, capital, material, money
Outputs - (answer)Services and goods
Sustainability - (answer)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 - (answer)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.
Productivity - (answer)A mathematical calculation; it is the ratio of the outputs
achieved divided by the inputs consumed to achieve those outputs.
6 Types of Inventory - (answer)o Raw Materials
o Work In Progress
o Finished Goods
o Replacement Parts Inventory
o Supplies
o Transportation
Raw Materials - (answer)These parts and materials are obtained from suppliers and
are used in the production process.
,Work-in-process (WIP) - (answer)These are partly finished parts, components, sub-
assemblies, or modules.
Finished Goods - (answer)Items are ready to ship to the customer. No more work is
required.
Replacement parts inventory - (answer)These are maintained to replace other parts
in machinery or equipment as those parts wear out
Supplies - (answer)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): - (answer)The portion of inventory that is in the process
of being shipped through the distribution system.
4 Types of Demand - (answer)o Peak
, o Seasonal
o Unexpected
o Chase
Peak Demand - (answer)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.
Seasonal Demand - (answer)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 - (answer)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 - (answer)Demand that occurs when a company has to adjust
production by rates to match demand by varying the workforce and using overtime.
