OPER 3100 Exam 1 questions and
answers graded A+
3 Basic Functions of Business Organizations - correct answer ✔✔Finances: Ensure & allocate
financial resources
Operations: Produce goods or services
Marketing: Assess consumer needs & sell/promote goods or services
Operations & Supply Chain Management (OSCM) - correct answer ✔✔The design, operation,
and improvement of the systems that create and deliver the firm's primary products and
services; efficient & effective
Operations & Supply Chain Management (OSCM) is concerned with... - correct answer ✔✔the
management of the entire system that produces a good or delivers a service.
Operations & Supply Chain Processes (Planning) - correct answer ✔✔The processes needed to
operate an existing supply chain strategically
Operations & Supply Chain Processes (Sourcing) - correct answer ✔✔The selection of suppliers
that will deliver the goods and services needed to create the firm's product
Operations & Supply Chain Processes (Making) - correct answer ✔✔Where the major product is
produced or the service provided
answers graded A+
3 Basic Functions of Business Organizations - correct answer ✔✔Finances: Ensure & allocate
financial resources
Operations: Produce goods or services
Marketing: Assess consumer needs & sell/promote goods or services
Operations & Supply Chain Management (OSCM) - correct answer ✔✔The design, operation,
and improvement of the systems that create and deliver the firm's primary products and
services; efficient & effective
Operations & Supply Chain Management (OSCM) is concerned with... - correct answer ✔✔the
management of the entire system that produces a good or delivers a service.
Operations & Supply Chain Processes (Planning) - correct answer ✔✔The processes needed to
operate an existing supply chain strategically
Operations & Supply Chain Processes (Sourcing) - correct answer ✔✔The selection of suppliers
that will deliver the goods and services needed to create the firm's product
Operations & Supply Chain Processes (Making) - correct answer ✔✔Where the major product is
produced or the service provided
