OPMA EXAM 2 QUESTIONS WITH
COMPLETE SOLUTIONS 2025!!
1 of 157
Term
Basic production costs consist of _____ and _____ costs incurred in
producing a given product type in a given time period.
Give this one a try later!
raw and finished fixed and variable
overhead and labor gross and net
, Don't know?
2 of 157
Term
One key to a successful budgeting process is a(n)_____aggregate
plan.
Give this one a try later!
excessive accurate
vague ambiguous
Don't know?
3 of 157
Term
Capacity in excess of expected demand is known as
Give this one a try later!
timing bubble capacity cushion
, design capacity outsourcing or shared capacity.
Don't know?
4 of 157
Term
A key issue in operating a yield management system is managing the
____process.
Give this one a try later!
service inventory
supply production
Don't know?
5 of 157
Term
True or false: The cut-and-try approach will always identify the
aggregate plan with the lowest overall cost.
Give this one a try later!
, capital production
False yield
Don't know?
6 of 157
Term
The idea that as a plant volume increases, the average cost per unit
drops is known as
Give this one a try later!
diseconomies of scale. pioneering costs.
economies of scale. economies of scope.
Don't know?
7 of 157
Term
Firms whose product is built directly from raw materials and
components in response to a customer are known as
Give this one a try later!
COMPLETE SOLUTIONS 2025!!
1 of 157
Term
Basic production costs consist of _____ and _____ costs incurred in
producing a given product type in a given time period.
Give this one a try later!
raw and finished fixed and variable
overhead and labor gross and net
, Don't know?
2 of 157
Term
One key to a successful budgeting process is a(n)_____aggregate
plan.
Give this one a try later!
excessive accurate
vague ambiguous
Don't know?
3 of 157
Term
Capacity in excess of expected demand is known as
Give this one a try later!
timing bubble capacity cushion
, design capacity outsourcing or shared capacity.
Don't know?
4 of 157
Term
A key issue in operating a yield management system is managing the
____process.
Give this one a try later!
service inventory
supply production
Don't know?
5 of 157
Term
True or false: The cut-and-try approach will always identify the
aggregate plan with the lowest overall cost.
Give this one a try later!
, capital production
False yield
Don't know?
6 of 157
Term
The idea that as a plant volume increases, the average cost per unit
drops is known as
Give this one a try later!
diseconomies of scale. pioneering costs.
economies of scale. economies of scope.
Don't know?
7 of 157
Term
Firms whose product is built directly from raw materials and
components in response to a customer are known as
Give this one a try later!
