OPMA 3306 quiz 1 with complete solutions graded A+
2025-2026 updated already passed
1. Which of the following equa- c. Inventory turnover = COGS / Inventory
tion correctly measures in-
ventory turnover?
a. Inventory turnover =
In- ventory x COGS
b. Inventory turnover =
In- ventory / COGS
c. Inventory turnover =
COGS / Inventory
d. None of above is correct.
2. Excess supply means wasted true
resources
3. Operations Management concerned with designing, assessing, improving, and
managing
the processes with the goal of matching supply and
demand in the most cost eflcient way
is about developing "business models"
4. Excess demand means true
lost revenue
5. over-capacitated The same call center, at another moment in the day, is likely
to have
numerous representatives waiting unproductively for
consumers to call.
6. under-capacitated A customer calling into most call centers is likely to spend
a
significant time waiting before the call is taken by a
representative
7. Process Examples car factory:
1/
15
, OPMA 3306 quiz 1 with complete solutions graded A+
2025-2026 updated already passed
inputs - auto parts, raw materials
transformation process - fabrication &
assembly
2/
15
2025-2026 updated already passed
1. Which of the following equa- c. Inventory turnover = COGS / Inventory
tion correctly measures in-
ventory turnover?
a. Inventory turnover =
In- ventory x COGS
b. Inventory turnover =
In- ventory / COGS
c. Inventory turnover =
COGS / Inventory
d. None of above is correct.
2. Excess supply means wasted true
resources
3. Operations Management concerned with designing, assessing, improving, and
managing
the processes with the goal of matching supply and
demand in the most cost eflcient way
is about developing "business models"
4. Excess demand means true
lost revenue
5. over-capacitated The same call center, at another moment in the day, is likely
to have
numerous representatives waiting unproductively for
consumers to call.
6. under-capacitated A customer calling into most call centers is likely to spend
a
significant time waiting before the call is taken by a
representative
7. Process Examples car factory:
1/
15
, OPMA 3306 quiz 1 with complete solutions graded A+
2025-2026 updated already passed
inputs - auto parts, raw materials
transformation process - fabrication &
assembly
2/
15
