ITOM 3306 Exam 1 Question and
answers rated A+ 2026
The part of a business organization that is responsible for creating goods or providing services - correct
answer ✔Operations
The management of processes or systems that create goods and/or provide services - correct answer
✔Operations management
Physical items that include raw materials, parts, subassemblies, and final products - correct answer
✔Goods
Activities that provide some combination of time, location, form, or psychological value - correct answer
✔Services
What are the inputs for goods and services? - correct answer ✔Land
Labor
Capital
Information
What part of the transformation process adds value to the inputs: land, labor, capital, and info - correct
answer ✔The conversion process
Transformation Process Chart (Ch 1) - correct answer ✔
Sequence of activities and organizations involved with producing or delivering a good or service - correct
answer ✔Supply chain
, What is the supply chain process? (5 steps) - correct answer ✔Suppliers' suppliers
Direct suppliers
Producer
Distributer
Customers
What are issues that happen as a result of bad supply chain management? - correct answer
✔Oscillating inventory levels
Inventory stockouts
Late deliveries
Quality issues
What are 4 things you will understand once you learn about supply chain? - correct answer ✔Reasons
companies succeed/fail
Global dependencies of companies and nations
Importance of working with others
The world
What are the 3 basic functions of the business organization? - correct answer ✔Marketing/sales
Operations
Finance
-demand data
answers rated A+ 2026
The part of a business organization that is responsible for creating goods or providing services - correct
answer ✔Operations
The management of processes or systems that create goods and/or provide services - correct answer
✔Operations management
Physical items that include raw materials, parts, subassemblies, and final products - correct answer
✔Goods
Activities that provide some combination of time, location, form, or psychological value - correct answer
✔Services
What are the inputs for goods and services? - correct answer ✔Land
Labor
Capital
Information
What part of the transformation process adds value to the inputs: land, labor, capital, and info - correct
answer ✔The conversion process
Transformation Process Chart (Ch 1) - correct answer ✔
Sequence of activities and organizations involved with producing or delivering a good or service - correct
answer ✔Supply chain
, What is the supply chain process? (5 steps) - correct answer ✔Suppliers' suppliers
Direct suppliers
Producer
Distributer
Customers
What are issues that happen as a result of bad supply chain management? - correct answer
✔Oscillating inventory levels
Inventory stockouts
Late deliveries
Quality issues
What are 4 things you will understand once you learn about supply chain? - correct answer ✔Reasons
companies succeed/fail
Global dependencies of companies and nations
Importance of working with others
The world
What are the 3 basic functions of the business organization? - correct answer ✔Marketing/sales
Operations
Finance
-demand data
