OM 300 Final Exam Newest 2025 With Complete
250 Questions And Correct Detailed Answers
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Which of the following is NOT considered to be one of
the three primary functions that all organizations
perform?
A.marketing
B. finance/accounting
C. research and development
D. production/operations - .....ANSWER ...✔✔ C.
Research and Development
Which of the following activities at a commercial bank is
NOT an operations activity?
A. auditing
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B. maintenance
C. check clearing
D. security - .....ANSWER ...✔✔ A. Auditing
A global network of organizations and activities that
supply a firm with goods and services is referred to as
A. a supply chain.
B. production.
C. business functions.
D. operations management. - .....ANSWER ...✔✔ A. A
supply chain
Competition in the 21st century is no longer between
companies; it is between
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A. supply chains
B.individuals.
C. technologies.
D. countries. - .....ANSWER ...✔✔ A. Supply chains
In general, the supply chain starts with
A. a distributor.
B. the provider of basic raw materials.
C. research and development.
D. final customers at the retail store. - .....ANSWER
...✔✔ B. the provider of basic raw materials
A large percentage of the revenue of most firms is spent
on which function?
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A. finance
B. operations
C. research and development
D. marketing - .....ANSWER ...✔✔ B. operations
Productivity increases when
A. inputs and outputs increase proportionately.
B. outputs decrease while inputs remain the same.
C. inputs decrease while outputs remain the same.
D. inputs increase while outputs remain the same. -
.....ANSWER ...✔✔ C. inputs decrease while outputs
remain the same
The economic activities that typically produce an
intangible product are referred to as