OPSM 3830 Exam 1 UPDATED ACTUAL
QUESTIONS AND CORRECT ANSWERS
Which of the following are part of the role of the finance department in a business? - CORRECT
ANSWER - Budgeting
- Allocating financial resources throughout the organization
- Securing financial resources at favorable prices
- Providing funds for operations
- Analyzing investment proposals
Which of the following is/are part of the role of marketing for a business? - CORRECT
ANSWER - Promoting the organization's goods or services
- Assessing consumer wants and needs
Which of the following is/are part of the role of operations in a business? - CORRECT
ANSWER - Match supply with demand
- Produce goods and/or services
Which of the following statement(s) is/are correct? - CORRECT ANSWER - Goods are
physical items
- Services are activities that provide some sort of value
A company's supply chain consists of the sequence of organizations, including their facilities,
functions, and activities, that are involved in producing and delivering a good or service. - CORRECT
ANSWER true
A company's supply chain - CORRECT ANSWER ...consists of the sequence of organizations,
including their facilities, functions, and activities, that are involved in producing and delivering a
good or service.
Which of the following is/are functions or components of a supply chain? - CORRECT
ANSWER - Forecasting
- Scheduling
, - Delivery
- Inventory management
- Purchasing
- Production
Of the basic functions of a business organization, _____ is responsible for budgeting, analyzing
investment proposals, and providing funds for operations. - CORRECT ANSWER finance
Which of the following is/are NOT part of the role of marketing for a business? - CORRECT
ANSWER Designing new products to drive demand
Which of the following are inputs involved in operations function? - CORRECT
ANSWER Land
Information
Capital
Which of the following is/are NOT part of the role of operations in a business? - CORRECT
ANSWER - Secure financial resources for projects
- Promote organization's goods or service
- Assessing customer wants and needs
Which of the following statements captures the definition of a supply chain? - CORRECT
ANSWER The sequence of organizations - their facilities, functions, and activities - that are
involved in producing and delivering a product or service.
Which of the following is/are NOT functions or components of a supply chain? - CORRECT
ANSWER marketing
Which of the following statements is true about production of goods? - CORRECT ANSWER It
results in a tangible output.
True or false: Services provide customers with intangible value while goods result in a tangible
output. - CORRECT ANSWER true
QUESTIONS AND CORRECT ANSWERS
Which of the following are part of the role of the finance department in a business? - CORRECT
ANSWER - Budgeting
- Allocating financial resources throughout the organization
- Securing financial resources at favorable prices
- Providing funds for operations
- Analyzing investment proposals
Which of the following is/are part of the role of marketing for a business? - CORRECT
ANSWER - Promoting the organization's goods or services
- Assessing consumer wants and needs
Which of the following is/are part of the role of operations in a business? - CORRECT
ANSWER - Match supply with demand
- Produce goods and/or services
Which of the following statement(s) is/are correct? - CORRECT ANSWER - Goods are
physical items
- Services are activities that provide some sort of value
A company's supply chain consists of the sequence of organizations, including their facilities,
functions, and activities, that are involved in producing and delivering a good or service. - CORRECT
ANSWER true
A company's supply chain - CORRECT ANSWER ...consists of the sequence of organizations,
including their facilities, functions, and activities, that are involved in producing and delivering a
good or service.
Which of the following is/are functions or components of a supply chain? - CORRECT
ANSWER - Forecasting
- Scheduling
, - Delivery
- Inventory management
- Purchasing
- Production
Of the basic functions of a business organization, _____ is responsible for budgeting, analyzing
investment proposals, and providing funds for operations. - CORRECT ANSWER finance
Which of the following is/are NOT part of the role of marketing for a business? - CORRECT
ANSWER Designing new products to drive demand
Which of the following are inputs involved in operations function? - CORRECT
ANSWER Land
Information
Capital
Which of the following is/are NOT part of the role of operations in a business? - CORRECT
ANSWER - Secure financial resources for projects
- Promote organization's goods or service
- Assessing customer wants and needs
Which of the following statements captures the definition of a supply chain? - CORRECT
ANSWER The sequence of organizations - their facilities, functions, and activities - that are
involved in producing and delivering a product or service.
Which of the following is/are NOT functions or components of a supply chain? - CORRECT
ANSWER marketing
Which of the following statements is true about production of goods? - CORRECT ANSWER It
results in a tangible output.
True or false: Services provide customers with intangible value while goods result in a tangible
output. - CORRECT ANSWER true
