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Exam (elaborations)
OPM 3000 FINAL EXAM PREP QUESTIONS AND ANSWERS
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---7February 20262025/2026A+
- OPM 3000 FINAL EXAM PREP QUESTIONS AND 
ANSWERS 
If two firms have the same annual inventory turns, they also have the same days-of-supply. - CORRECT 
ANSWERTrue
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STANGRADES
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Exam (elaborations)
OPM 3000 EXAM 2 PRE QUIZZES QUESTIONS AND ANSWERS
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---17February 20262025/2026A+
- OPM 3000 EXAM 2 PRE QUIZZES QUESTIONS AND 
ANSWERS 
Which of the following statements about queues is FALSE when demand exceeds supply? - CORRECT 
ANSWERThe queue grows as long as the supply rate exceeds capacity.
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STANGRADES
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Exam (elaborations)
OPM 3000 EXAM 1 QUESTIONS AND ANSWERS
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---7February 20262025/2026A+
- OPM 3000 EXAM 1 QUESTIONS AND ANSWERS 
Consumption utility measures how much you like a product or service, ignoring the effects of price and 
the inconvenience of obtaining the product or service. What are the two subcomponents of 
"consumption utility"? - CORRECT ANSWERPerformance and Fit
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STANGRADES
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Exam (elaborations)
OPM 3000 Exam 2025 Questions and Answers
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---23May 20252024/2025A+
- OPM 3000 Exam 2025 Questions and 
Answers 
Operations Management - ANS Match supply with demand while making a profit and being 
efficient 
How to make profit - ANS drive up demand or by using resources more efficiently 
How to match supply with demand - ANS Predict/react to consumer demand and allocate 
resources efficiently to meet those predictions 
Why might it be hard to match supply with demand - ANS demand is fluid, supply is generally 
inflexible 
Utility - ANS measure of customers prefe...
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StarGuide
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Exam (elaborations)
OPM 3000 - Exam 1 2025 Questions and Answers
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---8May 20252024/2025A+
- OPM 3000 - Exam 1 2025 Questions and 
Answers 
Consumption utility measures how much you like a product or service, ignoring the effects of 
price and the inconvenience of obtaining the product or service. What are the two 
subcomponents of "consumption utility"? - ANS Performance and Fit 
What are the two subcomponents of inconvenience? - ANS Location and Timing 
: A fast-food restaurant promising a meal in two minutes or less attempts to cater to which 
dimension of the customer utility ...
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StarGuide
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Exam (elaborations)
Opm 3000 Exam 2025 Questions and Answers
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---8May 20252024/2025A+
- Opm 3000 Exam 2025 Questions and 
Answers 
Economic theory suggests that a customer chooses a product or service to obtain the highest 
_________. 
-demand 
-supply 
-utility 
-satisfaction - ANS A customer chooses a product or service that gives him/her the highest 
utility. 
The set of products or services a business offers to its customers is called _________blank. 
-demand 
-bundle 
-supply 
-value - ANS Supply is the set of products or services offered by a business to its customers 
A cust...
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StarGuide