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OPM EXAM 2 QUESTIONS & ANSWERS 2024/2025
OPM EXAM 2 QUESTIONS & ANSWERS 2024/2025 
 
 
A delivery truck from a food wholesaler has just delivered fresh meat and produce to a local restaurant. This meat and produce would be categorized as which type of inventory by the restaurant? 
 
Raw materials inventory 
Work-in-process inventory 
Finished goods inventory 
Seasonal inventory - ANSWERSRaw materials inventory 
 
Tablets and laptops would be categorized as which type of inventory by an electronics retailer? 
 
Raw materials inventory ...
- Examen
- • 10 pages •
OPM EXAM 2 QUESTIONS & ANSWERS 2024/2025 
 
 
A delivery truck from a food wholesaler has just delivered fresh meat and produce to a local restaurant. This meat and produce would be categorized as which type of inventory by the restaurant? 
 
Raw materials inventory 
Work-in-process inventory 
Finished goods inventory 
Seasonal inventory - ANSWERSRaw materials inventory 
 
Tablets and laptops would be categorized as which type of inventory by an electronics retailer? 
 
Raw materials inventory ...
OPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025
OPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025 
 
 
Utility - ANSWERSa measure of the customer preference of a product or service. 
 
Utility is composed of three components: - ANSWERSConsumption Utility 
Price 
Inconvenience 
 
Consumption Utility - ANSWERSA measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. It comes from various attributes such as Performance & Fit. 
 
Price - ANSWERSThe total cost of owning a product or recei...
- Examen
- • 11 pages •
OPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025 
 
 
Utility - ANSWERSa measure of the customer preference of a product or service. 
 
Utility is composed of three components: - ANSWERSConsumption Utility 
Price 
Inconvenience 
 
Consumption Utility - ANSWERSA measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. It comes from various attributes such as Performance & Fit. 
 
Price - ANSWERSThe total cost of owning a product or recei...
OPM REVIEW EXAM QUESTIONS & ANSWERS 2024/2025
OPM REVIEW EXAM QUESTIONS & ANSWERS 2024/2025
- Examen
- • 1 pages •
OPM REVIEW EXAM QUESTIONS & ANSWERS 2024/2025
OPM 3000 Final Exam Questions & Answers 2024/2025
OPM 3000 Final Exam Questions & Answers 2024/2025 
 
 
Firms in the same industry will have the same inventory turns 
 
A. True 
B. False - ANSWERSB. False 
 
Which of the following possible responses by a customer who is faced with a stockout is the most costly to the firm? 
 
A. Lose the sale and lose the customer. 
B. Lose the sale. 
C. Lose the sale of one item, but the customer purchases another item. 
D. Customer waits for the item to become available. - ANSWERSA. Lose the sale and lose th...
- Examen
- • 6 pages •
OPM 3000 Final Exam Questions & Answers 2024/2025 
 
 
Firms in the same industry will have the same inventory turns 
 
A. True 
B. False - ANSWERSB. False 
 
Which of the following possible responses by a customer who is faced with a stockout is the most costly to the firm? 
 
A. Lose the sale and lose the customer. 
B. Lose the sale. 
C. Lose the sale of one item, but the customer purchases another item. 
D. Customer waits for the item to become available. - ANSWERSA. Lose the sale and lose th...
OPM 200 Final Study Exam Questions & Answers 2024/2025
OPM 200 Final Study Exam Questions & Answers 2024/2025 
 
 
The methods of project management offer several benefits to project managers. Which of the following is NOT among them? 
A) highlights the activities that may be delayed without affecting project completion dates 
B) forces project teams to identify and organize the data required 
C) helps managers analyze the time and cost implications of resource trade-offs 
D) all of the above are benefits to project managers - ANSWERSD) all of the a...
- Examen
- • 9 pages •
OPM 200 Final Study Exam Questions & Answers 2024/2025 
 
 
The methods of project management offer several benefits to project managers. Which of the following is NOT among them? 
A) highlights the activities that may be delayed without affecting project completion dates 
B) forces project teams to identify and organize the data required 
C) helps managers analyze the time and cost implications of resource trade-offs 
D) all of the above are benefits to project managers - ANSWERSD) all of the a...
OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025
OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025 
 
 
Which kind of firms usually carry raw material inventory? - ANSWERSSuppliers 
 
Which kind of firms usually carry raw material inventory? - ANSWERSForecasting future demand 
 
Which of the following is an example of finished goods inventory for C&A Bakery? - ANSWERSCupcakes freshly out of the oven 
 
Which of the following is an example of raw material inventory for C&A Bakery? - ANSWERSFlour 
 
_________ protects a firm against unpredictabl...
- Examen
- • 14 pages •
OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025 
 
 
Which kind of firms usually carry raw material inventory? - ANSWERSSuppliers 
 
Which kind of firms usually carry raw material inventory? - ANSWERSForecasting future demand 
 
Which of the following is an example of finished goods inventory for C&A Bakery? - ANSWERSCupcakes freshly out of the oven 
 
Which of the following is an example of raw material inventory for C&A Bakery? - ANSWERSFlour 
 
_________ protects a firm against unpredictabl...
Opm 101 Final Exam Questions & Answers 2024/2025
Opm 101 Final Exam Questions & Answers 2024/2025 
 
 
3 components of drivers of utility - ANSWERSconsumption, price, inconvenience 
 
utility - ANSWERSa measure of the customer preference of a product or service 
 
consumption - ANSWERSa measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. 
 
Price - ANSWERSthe total cost of owning a product or receiving the service. Included expenses such as shipping and financing 
 
inconvenience - ANSWER...
- Examen
- • 5 pages •
Opm 101 Final Exam Questions & Answers 2024/2025 
 
 
3 components of drivers of utility - ANSWERSconsumption, price, inconvenience 
 
utility - ANSWERSa measure of the customer preference of a product or service 
 
consumption - ANSWERSa measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. 
 
Price - ANSWERSthe total cost of owning a product or receiving the service. Included expenses such as shipping and financing 
 
inconvenience - ANSWER...
OPM Exam 1 Questions & Answers 2019
OPM Exam 1 Questions & Answers 2019 
 
 
Two Sides of the Business - ANSWERSDemand - Sales and Marketing 
Fulfillment - Operations and Supply Chain Management 
 
Most Important Operations Planning concept - ANSWERS80% planning 
20% execution 
 
Most Important Metrics (KPIs) - ANSWERS1. Customer Service 
2. Cost 
 
Tight rope problem - ANSWERS1. High inventory means flexibility and customer service, but high cost 
2. Low inventory means lower cost, but harder to have customer service 
 
ERP - ANS...
- Examen
- • 20 pages •
OPM Exam 1 Questions & Answers 2019 
 
 
Two Sides of the Business - ANSWERSDemand - Sales and Marketing 
Fulfillment - Operations and Supply Chain Management 
 
Most Important Operations Planning concept - ANSWERS80% planning 
20% execution 
 
Most Important Metrics (KPIs) - ANSWERS1. Customer Service 
2. Cost 
 
Tight rope problem - ANSWERS1. High inventory means flexibility and customer service, but high cost 
2. Low inventory means lower cost, but harder to have customer service 
 
ERP - ANS...
OPM Exam 1,2 Questions & Answers 2024/2025
OPM Exam 1,2 Questions & Answers 2024/2025
- Examen
- • 2 pages •
OPM Exam 1,2 Questions & Answers 2024/2025
BUNDLE - CLS EXAMS
BUNDLE - CLS EXAMS
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- • 30 éléments •
- CLS exam questions & answers 2024/2025 • Examen
- CLS EXAM 1 QUESTIONS & ANSWERS 2024/2025 • Examen
- CLS Review Exam 1 Questions & Answers 2024/2025 • Examen
- CLS Exam Study Guide Questions & Answers 2024/2025 • Examen
- CLS TEST QUESTIONS & ANSWERS 2024/2025 • Examen
- Et plus ….
BUNDLE - CLS EXAMS
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