OM 300 EXAM 1- 2 CHILCUTT QUESTIONS AND
ANSWERS
Which of the following is NOT considered one of the three primary functions that all
organizations perform? - Answers - C. Research and Development
Which of the following activities at a commercial bank is NOT an operations activity? -
Answers - A. Auditing
A global network of organizations and activities that supply a firm with goods and
services is referred to as - Answers - A. A supply chain
Competition in the 21st century is no longer between companies; it is between -
Answers - A. Supply chains
In general, the supply chain starts with - Answers - B. the provider of basic raw
materials
A large percentage of the revenue of most firms is spent on which function? - Answers -
B. Operations
Productivity increases when - Answers - C. Inputs decrease while outputs remain the
same
The economic activities that typically produce an intangible product are referred to as -
Answers - A. Services
Which of the following is NOT one of the three strategic approaches to competitive
advantage? - Answers - A. Innovation
The creation of a unique advantage over competitors is referred as - Answers - C.
Competitive Advantage
SWOT Analysis Refers To - Answers - D. Strengths, opportunities, weaknesses, and
threats
The Three Phases Involved in the Management of Large Projects Are - Answers - A.
Planning, scheduling, and controlling
Which of the Following is a Direct Responsibility of the Project Manager? - Answers - C.
Making sure that the people assigned to the project receive the motivation, direction,
and information needed to do their jobs
, The Frito-Lay Plant Applies a Product Focus Strategy, Which is Appropriate for What
Type of Producer? - Answers - A. High-volume, low-variety
A Set of Skills, Talents, and Capabilities in Which a Firm is Particularly Strong is
Referred to As - Answers - B. Core competencies
Gantt Charts Are - Answers - D. Planning charts used to schedule resources and
allocate time
The Critical Path of a Network Is the - Answers - B. Longest time path through the
network
How Is the EF Computed? - Answers - A. ES + Activity time
With Respect to PERT and CPM, Slack - Answers - C. Is the amount of time a task may
be delayed without changing the overall project completion time
Among the Following, Critical Path and Slack Time Analysis Most Help - Answers - C.
Pinpoint activities that need to be closely watched
The forecasting time horizon that would typically be easiest to predict for would be -
Answers - A. short range
CPFR is - Answers - D. collaborative, planning, forecasting, and replenishment
What is a data pattern that repeats itself after a period of days, weeks, months, or
quarters? - Answers - B. seasonality
Which of the following phases of the product life cycle has negative cash flow and
increasing spending on development and production? - Answers - B. introductory phase
Most manufacturing items and their components are defined by - Answers - B. an
engineering drawing
Self-checkout at a grocery store is an example of - Answers - A. customer participation
in service delivery
Resources that are held by the public are said to be resources in the - Answers - D.
common
The 3Rs for sustainability are - Answers - D. reduce, reuse, and recycle
What is a design that can be produced to requirements even with unfavorable
conditions in the production process? - Answers - A. robust design
ANSWERS
Which of the following is NOT considered one of the three primary functions that all
organizations perform? - Answers - C. Research and Development
Which of the following activities at a commercial bank is NOT an operations activity? -
Answers - A. Auditing
A global network of organizations and activities that supply a firm with goods and
services is referred to as - Answers - A. A supply chain
Competition in the 21st century is no longer between companies; it is between -
Answers - A. Supply chains
In general, the supply chain starts with - Answers - B. the provider of basic raw
materials
A large percentage of the revenue of most firms is spent on which function? - Answers -
B. Operations
Productivity increases when - Answers - C. Inputs decrease while outputs remain the
same
The economic activities that typically produce an intangible product are referred to as -
Answers - A. Services
Which of the following is NOT one of the three strategic approaches to competitive
advantage? - Answers - A. Innovation
The creation of a unique advantage over competitors is referred as - Answers - C.
Competitive Advantage
SWOT Analysis Refers To - Answers - D. Strengths, opportunities, weaknesses, and
threats
The Three Phases Involved in the Management of Large Projects Are - Answers - A.
Planning, scheduling, and controlling
Which of the Following is a Direct Responsibility of the Project Manager? - Answers - C.
Making sure that the people assigned to the project receive the motivation, direction,
and information needed to do their jobs
, The Frito-Lay Plant Applies a Product Focus Strategy, Which is Appropriate for What
Type of Producer? - Answers - A. High-volume, low-variety
A Set of Skills, Talents, and Capabilities in Which a Firm is Particularly Strong is
Referred to As - Answers - B. Core competencies
Gantt Charts Are - Answers - D. Planning charts used to schedule resources and
allocate time
The Critical Path of a Network Is the - Answers - B. Longest time path through the
network
How Is the EF Computed? - Answers - A. ES + Activity time
With Respect to PERT and CPM, Slack - Answers - C. Is the amount of time a task may
be delayed without changing the overall project completion time
Among the Following, Critical Path and Slack Time Analysis Most Help - Answers - C.
Pinpoint activities that need to be closely watched
The forecasting time horizon that would typically be easiest to predict for would be -
Answers - A. short range
CPFR is - Answers - D. collaborative, planning, forecasting, and replenishment
What is a data pattern that repeats itself after a period of days, weeks, months, or
quarters? - Answers - B. seasonality
Which of the following phases of the product life cycle has negative cash flow and
increasing spending on development and production? - Answers - B. introductory phase
Most manufacturing items and their components are defined by - Answers - B. an
engineering drawing
Self-checkout at a grocery store is an example of - Answers - A. customer participation
in service delivery
Resources that are held by the public are said to be resources in the - Answers - D.
common
The 3Rs for sustainability are - Answers - D. reduce, reuse, and recycle
What is a design that can be produced to requirements even with unfavorable
conditions in the production process? - Answers - A. robust design
