OMIS 338 PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ Describe Jury of executive opinion, and what is it good for?.
Answer: -Group of senior management executives collectively develop the
forecast-Good for long range planning and new product introductions
◍ The service-positioning matrix's pathways axis varies from.
Answer: few to many.
◍ Describe Level 1 (BOM).
Answer: -Called DEPENDENT demand item- all components and
subassemblies required for the final assembly of one unit
◍ What are the 3 methods of calculating the ATP quantities?.
Answer: 1. Discrete available-to-promise 2. Cumulative
available-to-promise WITHOUT look ahead3. Cumulative
available-to-promise WITH look ahead
◍ Quantitative methods.
Answer: a decision-making approach that frequently seeks to obtain a
mathematically optimal solution (ex. linear programming, inventory models,
forecasting techniques, statistical models)
◍ Which of the following is a financial performance measure at an
organizational level?.
Answer: Revenue and profit
◍ When business analytics is used to understand past and current performance,
it is called what type of analytics?.
Answer: Descriptive
◍ What is the right project management structure?.
Answer: •How important is the project management to the success of the
, firm?•What percentage of core work involves projects?•What level of
resources are available?•Size of project•Strategic importance•Novelty and
need for innovation•Need for integration (number of departments
involved)•Environmental complexity (number of external
interfaces)•Budget and time constraints•Stability of resource requirements
◍ Project Management Structures.
Answer: 1.) functional organization2.) dedicated project teams3.) matrix
structure
◍ Seasonal Variation.
Answer: A pattern that repeats itself at regular time intervals.
◍ seasonal relatives.
Answer: seasonal percentage used in the multiplicative seasonally adjusted
forecasting model
◍ The following table contains sales data for the last eight periods. Forecast
the sales for period 3 using single exponential smoothing with α = 0.3.
Round your results to the nearest integer..
Answer: 31
◍ Simulation is used to model a service process. A portion of the model results
is shown in the following table.How many customers are waiting at the end
of period 4?.
Answer: 3
◍ In a process design, a specific unit of work required to create an output is a.
Answer: task
◍ Which is an appropriate response to a week-long rush in the gift-wrapping
department of an anchor tenant in a mall?.
Answer: Ask the existing workforce to work overtime.
◍ Online University has the most skilled instructional designers and telegenic
faculty found anywhere. What do these strengths form that others cannot
match and explains why their strategy is to expand their services into new
, markets?.
Answer: Core competency
◍ If order size is greater than EOQ of....
Answer: Holding Costs are higher
◍ Which gap in the GAP model represents the discrepancy between actual
manufacturing and service-delivery system performance and external
communications to the customers?.
Answer: Gap 4
◍ A warm welcome by an employee at a hotel check-in counter is an example
of.
Answer: a moment of truth.
◍ Why do project managers need to understand their organization's mission
and strategy?.
Answer: 1.) so they can make appropriate decisions and adjustment 2.) so
they can be effective project advocates
◍ Category 4 of the Malcolm Baldrige criteria is Measurement, Analysis, and
Knowledge Management. This category spans the breadth of which
organizational performance model?.
Answer: Balanced scorecard
◍ Finish the statement: If tracking signal falls outside pre-set control limits,
then.... (2 answers).
Answer: -there is a bias problem with the forecasting method-evaluation of
forecast generation is warranted
◍ Which of the following is true of fixed-position layouts?.
Answer: The automation potential is moderate.
◍ Stefan would like his colleague Hossein to develop an exponential
smoothing forecast with α = 0.333, but he knows that Hossein is familiar
only with the moving average technique. In the interest of expediency,
Stefan decides to tell Hossein to create a moving average forecast that has
QUESTIONS WITH ANSWERS GRADED A+
◍ Describe Jury of executive opinion, and what is it good for?.
Answer: -Group of senior management executives collectively develop the
forecast-Good for long range planning and new product introductions
◍ The service-positioning matrix's pathways axis varies from.
Answer: few to many.
◍ Describe Level 1 (BOM).
Answer: -Called DEPENDENT demand item- all components and
subassemblies required for the final assembly of one unit
◍ What are the 3 methods of calculating the ATP quantities?.
Answer: 1. Discrete available-to-promise 2. Cumulative
available-to-promise WITHOUT look ahead3. Cumulative
available-to-promise WITH look ahead
◍ Quantitative methods.
Answer: a decision-making approach that frequently seeks to obtain a
mathematically optimal solution (ex. linear programming, inventory models,
forecasting techniques, statistical models)
◍ Which of the following is a financial performance measure at an
organizational level?.
Answer: Revenue and profit
◍ When business analytics is used to understand past and current performance,
it is called what type of analytics?.
Answer: Descriptive
◍ What is the right project management structure?.
Answer: •How important is the project management to the success of the
, firm?•What percentage of core work involves projects?•What level of
resources are available?•Size of project•Strategic importance•Novelty and
need for innovation•Need for integration (number of departments
involved)•Environmental complexity (number of external
interfaces)•Budget and time constraints•Stability of resource requirements
◍ Project Management Structures.
Answer: 1.) functional organization2.) dedicated project teams3.) matrix
structure
◍ Seasonal Variation.
Answer: A pattern that repeats itself at regular time intervals.
◍ seasonal relatives.
Answer: seasonal percentage used in the multiplicative seasonally adjusted
forecasting model
◍ The following table contains sales data for the last eight periods. Forecast
the sales for period 3 using single exponential smoothing with α = 0.3.
Round your results to the nearest integer..
Answer: 31
◍ Simulation is used to model a service process. A portion of the model results
is shown in the following table.How many customers are waiting at the end
of period 4?.
Answer: 3
◍ In a process design, a specific unit of work required to create an output is a.
Answer: task
◍ Which is an appropriate response to a week-long rush in the gift-wrapping
department of an anchor tenant in a mall?.
Answer: Ask the existing workforce to work overtime.
◍ Online University has the most skilled instructional designers and telegenic
faculty found anywhere. What do these strengths form that others cannot
match and explains why their strategy is to expand their services into new
, markets?.
Answer: Core competency
◍ If order size is greater than EOQ of....
Answer: Holding Costs are higher
◍ Which gap in the GAP model represents the discrepancy between actual
manufacturing and service-delivery system performance and external
communications to the customers?.
Answer: Gap 4
◍ A warm welcome by an employee at a hotel check-in counter is an example
of.
Answer: a moment of truth.
◍ Why do project managers need to understand their organization's mission
and strategy?.
Answer: 1.) so they can make appropriate decisions and adjustment 2.) so
they can be effective project advocates
◍ Category 4 of the Malcolm Baldrige criteria is Measurement, Analysis, and
Knowledge Management. This category spans the breadth of which
organizational performance model?.
Answer: Balanced scorecard
◍ Finish the statement: If tracking signal falls outside pre-set control limits,
then.... (2 answers).
Answer: -there is a bias problem with the forecasting method-evaluation of
forecast generation is warranted
◍ Which of the following is true of fixed-position layouts?.
Answer: The automation potential is moderate.
◍ Stefan would like his colleague Hossein to develop an exponential
smoothing forecast with α = 0.333, but he knows that Hossein is familiar
only with the moving average technique. In the interest of expediency,
Stefan decides to tell Hossein to create a moving average forecast that has
