MGMT 339 FINAL EXAM LATEST 2025/2026
COMPLETE ACTUAL EXAM WITH ACCURATE
QUESTIONS AND CORRECT DETAILED ANSWERS
(CORRECT VERIFIED SOLUTIONS) A NEW UPDATED
VERSION |GUARANTEED PASS A+ (BRAND NEW!!)
MGMT 339 FINAL
An operations strategy for inventory management should
work towards: Select one: 1. increasing safety stocks 2.
increasing lot sizes 3. increasing order quantities 4.
decreasing lot sizes 5. decreasing service levels
Answer- decreasing lot sizes
Which of these products would be most apt to involve the
use of a single-period model? Select one: 1. calculators 2.
fresh fish 3. gold coins 4. frozen corn 5. hammers
Answer- fresh fish
The purpose of "cycle counting" is to: Select one: 1.
reduce discrepancies between inventory records and
actual 2. reduce theft 3. count 10% of the items each
,month 4. count bicycles and motorcycles in inventory 5.
count all the items in inventory
Answer- 1. reduce discrepancies between inventory
records and actual
If no variations in demand or lead time exist, the ROP
will equal: Select one: 1. the EOQ plus safety stock 2,
expected usage during lead time 3. the service level 4, the
EOQ 5. safety stock
Answer- expected usage during lead time
A manager trying to minimize risk would want safety
stock. Select one: 1. 50% 2. More 3. The same 4. Less X
5. Zero
Answer- 2. More
In an A-B-C system, give the following, the typical
percentage of the number of items in inventory for A
items are about: Select one: 1. 50 2. 30 3. 70 4.10 5. 90
,Answer- 4.10
Which of the following is LEAST likely to be included in
order costs? Select one: 1. temporary storage of delivered
goods 2. inspecting incoming goods for quantity 3.
processing vendor invoices for payment 4. taking an
inventory to determine how much is needed 5. moving
delivered goods to temporary storage
Answer- temporary storage of delivered goods
Which of the following is NOT true for Economic
Production Quantity model? Select one: 1. Average
inventory is one-half maximum inventory. 2. Usage rate is
constant. 3. Run size exceeds maximum inventory. 4.
Production rate exceeds usage rate. 5. There are no
ordering or setup costs. WPX
Answer- There are no ordering or setup costs.
, The EOQ model is most relevant for which one of the
following? Select one: 1. determination of safety stock 2.
determining fixed order quantities 3. ordering items with
dependent demand 4. ordering perishable items 5.
determining fixed interval order quantities
Answer- determining fixed order quantities
Which one of the following is NOT generally a
determinant of the reorder point? Select one: 1. purchase
cost 2. stock out risk 3. lead time variability 4. length of
lead time 5. rate of demand
Answer- purchase cost
Which of the following is Not goal of supply chain
management? Select one: 1. on time deliveries 2. lowest
possible transportation costs 3. small lot sizes 4. delivery
often to the place of use 5. fewer suppliers and long-term
relationship
Answer- lowest possible transportation costs
COMPLETE ACTUAL EXAM WITH ACCURATE
QUESTIONS AND CORRECT DETAILED ANSWERS
(CORRECT VERIFIED SOLUTIONS) A NEW UPDATED
VERSION |GUARANTEED PASS A+ (BRAND NEW!!)
MGMT 339 FINAL
An operations strategy for inventory management should
work towards: Select one: 1. increasing safety stocks 2.
increasing lot sizes 3. increasing order quantities 4.
decreasing lot sizes 5. decreasing service levels
Answer- decreasing lot sizes
Which of these products would be most apt to involve the
use of a single-period model? Select one: 1. calculators 2.
fresh fish 3. gold coins 4. frozen corn 5. hammers
Answer- fresh fish
The purpose of "cycle counting" is to: Select one: 1.
reduce discrepancies between inventory records and
actual 2. reduce theft 3. count 10% of the items each
,month 4. count bicycles and motorcycles in inventory 5.
count all the items in inventory
Answer- 1. reduce discrepancies between inventory
records and actual
If no variations in demand or lead time exist, the ROP
will equal: Select one: 1. the EOQ plus safety stock 2,
expected usage during lead time 3. the service level 4, the
EOQ 5. safety stock
Answer- expected usage during lead time
A manager trying to minimize risk would want safety
stock. Select one: 1. 50% 2. More 3. The same 4. Less X
5. Zero
Answer- 2. More
In an A-B-C system, give the following, the typical
percentage of the number of items in inventory for A
items are about: Select one: 1. 50 2. 30 3. 70 4.10 5. 90
,Answer- 4.10
Which of the following is LEAST likely to be included in
order costs? Select one: 1. temporary storage of delivered
goods 2. inspecting incoming goods for quantity 3.
processing vendor invoices for payment 4. taking an
inventory to determine how much is needed 5. moving
delivered goods to temporary storage
Answer- temporary storage of delivered goods
Which of the following is NOT true for Economic
Production Quantity model? Select one: 1. Average
inventory is one-half maximum inventory. 2. Usage rate is
constant. 3. Run size exceeds maximum inventory. 4.
Production rate exceeds usage rate. 5. There are no
ordering or setup costs. WPX
Answer- There are no ordering or setup costs.
, The EOQ model is most relevant for which one of the
following? Select one: 1. determination of safety stock 2.
determining fixed order quantities 3. ordering items with
dependent demand 4. ordering perishable items 5.
determining fixed interval order quantities
Answer- determining fixed order quantities
Which one of the following is NOT generally a
determinant of the reorder point? Select one: 1. purchase
cost 2. stock out risk 3. lead time variability 4. length of
lead time 5. rate of demand
Answer- purchase cost
Which of the following is Not goal of supply chain
management? Select one: 1. on time deliveries 2. lowest
possible transportation costs 3. small lot sizes 4. delivery
often to the place of use 5. fewer suppliers and long-term
relationship
Answer- lowest possible transportation costs
