OPERATIONS AND SUPPLY CHAIN
MANAGEMENT ACTUAL EXAM PAPER
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
●● What is supply chain management? Answer: Managing the flows of
materials, information, and money throughout the supply chain.
●● What are the components of a process? Answer: Inputs,
transformation, outputs, information, and metrics.
●● What is the difference between goods and services? Answer: Goods
are tangible, can be inventoried, and have quality that is easily assured,
while services are intangible, cannot be inventoried, and often have
quality that is harder to assess.
●● What does a supply chain consist of? Answer: A global network of
organizations and activities involved in designing, transforming,
consuming, and disposing of products.
●● What is the role of a focal firm in a supply chain? Answer: The focal
firm is the primary organization that coordinates the supply chain
activities.
MANAGEMENT ACTUAL EXAM PAPER
2026 QUESTIONS WITH SOLUTIONS
GRADED A+
●● What is supply chain management? Answer: Managing the flows of
materials, information, and money throughout the supply chain.
●● What are the components of a process? Answer: Inputs,
transformation, outputs, information, and metrics.
●● What is the difference between goods and services? Answer: Goods
are tangible, can be inventoried, and have quality that is easily assured,
while services are intangible, cannot be inventoried, and often have
quality that is harder to assess.
●● What does a supply chain consist of? Answer: A global network of
organizations and activities involved in designing, transforming,
consuming, and disposing of products.
●● What is the role of a focal firm in a supply chain? Answer: The focal
firm is the primary organization that coordinates the supply chain
activities.
