1|Page
OPSY 5315 RAO Exam 3 Actual Exam Test Bank 2025/
2026 Complete 100 Questions And Correct Detailed
Answers (Verified Answers) |Already Graded
A+||Newest Version!!!
Which of the following is not a valid LP constraint
formulation?
a. 3X + 4Y less than/equal to 12
b. 2X x 2Y less than/equal 12
c. 3Y + 2Z = 18
d. 100 Greater than/equal to X + Y
e. 2.5X + 1.5Z = 30.6 - Answer-2X x 2Y less than/equal 12
When applying LP to diet problems, the objective function
is usually designed to:
a. maximize profits from blends of nutrients.
b. maximize ingredient blends.
c. minimize production losses
d. maximize the number of products to be produced.
,2|Page
e. minimize the costs of nutrient blends. - Answer-
minimize the costs of nutrient blends.
A zero shadow price for a resource ordinarily means that:
a. the resource is scarce
b. the resource constraint was redundant
c. the resource has not been used up
d. something is wrong with the problem formulation
e. none of the above. - Answer-the resource has not been
used up
One use of inventory is
a. to tightly synchronize production and distribution
processes.
b. to provide a hedge against inflation.
c. to ensure that item cost is maximized.
d. to tightly synchronize a firm's production with its
customers' demand. - Answer-to provide a hedge against
inflation.
,3|Page
The objective of inventory management is to
a. provide a selection of goods for anticipated customer
demand.
b. decouple various parts of the production process.
c. strike a balance between inventory investment and
customer service.
d. take advantage of quantity discounts. - Answer-strike a
balance between inventory investment and customer
service.
Which of the following is NOT a type of inventory?
a. finished goods
b. work-in-process
c. MRP
d. raw material - Answer-MRP
Which of the following types of inventory describes
inventory that has been purchased but not processed?
, 4|Page
a. work-in-process inventory
b. finished-goods inventory
c. maintenance/repair/operating supply inventory
d. raw material inventory - Answer-raw material inventory
ABC analysis divides an organization's on-hand inventory
into three classes based upon
a. annual demand.
b. the number of units on hand.
c. unit price.
d. annual dollar volume. - Answer-annual dollar volume.
Policies based on ABC analysis might include investing
a. the most time and effort verifying the accuracy of
records for B items.
b. more in supplier development for A items.
c. extra care in forecasting for C items.
OPSY 5315 RAO Exam 3 Actual Exam Test Bank 2025/
2026 Complete 100 Questions And Correct Detailed
Answers (Verified Answers) |Already Graded
A+||Newest Version!!!
Which of the following is not a valid LP constraint
formulation?
a. 3X + 4Y less than/equal to 12
b. 2X x 2Y less than/equal 12
c. 3Y + 2Z = 18
d. 100 Greater than/equal to X + Y
e. 2.5X + 1.5Z = 30.6 - Answer-2X x 2Y less than/equal 12
When applying LP to diet problems, the objective function
is usually designed to:
a. maximize profits from blends of nutrients.
b. maximize ingredient blends.
c. minimize production losses
d. maximize the number of products to be produced.
,2|Page
e. minimize the costs of nutrient blends. - Answer-
minimize the costs of nutrient blends.
A zero shadow price for a resource ordinarily means that:
a. the resource is scarce
b. the resource constraint was redundant
c. the resource has not been used up
d. something is wrong with the problem formulation
e. none of the above. - Answer-the resource has not been
used up
One use of inventory is
a. to tightly synchronize production and distribution
processes.
b. to provide a hedge against inflation.
c. to ensure that item cost is maximized.
d. to tightly synchronize a firm's production with its
customers' demand. - Answer-to provide a hedge against
inflation.
,3|Page
The objective of inventory management is to
a. provide a selection of goods for anticipated customer
demand.
b. decouple various parts of the production process.
c. strike a balance between inventory investment and
customer service.
d. take advantage of quantity discounts. - Answer-strike a
balance between inventory investment and customer
service.
Which of the following is NOT a type of inventory?
a. finished goods
b. work-in-process
c. MRP
d. raw material - Answer-MRP
Which of the following types of inventory describes
inventory that has been purchased but not processed?
, 4|Page
a. work-in-process inventory
b. finished-goods inventory
c. maintenance/repair/operating supply inventory
d. raw material inventory - Answer-raw material inventory
ABC analysis divides an organization's on-hand inventory
into three classes based upon
a. annual demand.
b. the number of units on hand.
c. unit price.
d. annual dollar volume. - Answer-annual dollar volume.
Policies based on ABC analysis might include investing
a. the most time and effort verifying the accuracy of
records for B items.
b. more in supplier development for A items.
c. extra care in forecasting for C items.
