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OPM EXAM 2 QUESTIONS & ANSWERS 2024/2025

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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 ...

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  • Examen
  •  • 10 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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OPM 101 Ch 1,2,3,4,8 Exam 1 Questions & Answers 2024/2025

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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...

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  • Examen
  •  • 11 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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OPM 3000 Final Exam Questions & Answers 2024/2025

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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...

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  • Examen
  •  • 6 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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OPM 200 Final Study Exam Questions & Answers 2024/2025

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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...

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  • Examen
  •  • 9 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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OPM 3000 FINAL EXAM QUESTIONS & ANSWERS 2024/2025

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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...

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  • Examen
  •  • 14 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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Opm 101 Final Exam Questions & Answers 2024/2025

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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...

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  • Examen
  •  • 5 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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OPM Exam 1 Questions & Answers 2019

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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...

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  • Examen
  •  • 20 pages • 
  • par Bensuda • 
  • publié  12-06-2024
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