OPMA TEST 2 | STUDY GUIDE, MCQS, PRACTICE QUESTIONS AND OPERATIONS
MANAGEMENT EXAM REVIEW | 2026/2027
Major operations and supply planning activities can be grouped into categories based on the
relevant time range of the activity. Into what time range category does sales and operations
planning fit? - correct answer ✔✔medium-range planning
What category of planning covers a period from a day to six months, with daily or weekly time
increments? - correct answer ✔✔short-range planning
In the agriculture industry, migrant workers are commonly employed to pick crops ready for
harvest. They are hired as needed and are laid off once the crops are picked. The realities of the
industry make this approach necessary. Which production planning strategy best describes this
approach? - correct answer ✔✔chase strategy
What is the term for a more complex production strategy that combines approaches from more
than one basic strategy? - correct answer ✔✔mixed strategy
Which of the four costs relevant to aggregate production planning is the most difficult to
accurately measure? - correct answer ✔✔backordering costs
The widespread scientific application of yield management began within what industry? -
correct answer ✔✔Airline
Under what type of demand is yield management most effective? - correct answer ✔✔highly
variable
In a yield management system, pricing differences must appear logical and justified to the
customer. What is the basis for this justification commonly called? - correct answer ✔✔rate
fences
MANAGEMENT EXAM REVIEW | 2026/2027
Major operations and supply planning activities can be grouped into categories based on the
relevant time range of the activity. Into what time range category does sales and operations
planning fit? - correct answer ✔✔medium-range planning
What category of planning covers a period from a day to six months, with daily or weekly time
increments? - correct answer ✔✔short-range planning
In the agriculture industry, migrant workers are commonly employed to pick crops ready for
harvest. They are hired as needed and are laid off once the crops are picked. The realities of the
industry make this approach necessary. Which production planning strategy best describes this
approach? - correct answer ✔✔chase strategy
What is the term for a more complex production strategy that combines approaches from more
than one basic strategy? - correct answer ✔✔mixed strategy
Which of the four costs relevant to aggregate production planning is the most difficult to
accurately measure? - correct answer ✔✔backordering costs
The widespread scientific application of yield management began within what industry? -
correct answer ✔✔Airline
Under what type of demand is yield management most effective? - correct answer ✔✔highly
variable
In a yield management system, pricing differences must appear logical and justified to the
customer. What is the basis for this justification commonly called? - correct answer ✔✔rate
fences
