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OIS 3660 FINAL EXAM CONCEPTUAL
QUESTIONS 2026 QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
What is the home state of Intermountain Healthcare? - correct
answer -utah
Which of these is NOT a type of waste in the Lean Philosophy out
of Inventory, Waiting, Transport, and Throughput? - correct
answer -Throughput
What does Double Marginalization cause? - correct answer --
Higher retail price than if the supply chain was coordinated
-Lower sales quantity than if the supply chain was coordinated
-Lower profits than if the supply chain was coordinated
Most often, the MAD, MSE, and MAPE all point to the same
forecasting method as the best one. When they are not in
agreement, which forecasting method should we choose? -
correct answer -The one with the lowest MSE
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Why do we use data from the past in forecasting? - correct
answer -To determine which forecasting method to use to
forecast the future
When a customer purchase (or order) is tied to the work in
process sooner (i.e., at an earlier process step), this is called: -
correct answer -Preponement
The economic order quantity is achieved at: - correct answer -The
point where the holding costs equal the ordering costs
Which of the following Lean Tools most aptly describes the fact
that if you want the light to turn on in an airplane bathroom, you
have to lock the door? - correct answer -Poka-Yoke
In anticipation of higher holiday demand, a company decides to
build up some inventory. This: - correct answer -...makes sense
and can help diminish the Bullwhip effect
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Who or what is central in the Lean Philosophy? - correct answer -
The customer
PH produces many electronics products for the USA, Europe, and
the UK. The plugs required for each of these geographical areas
are different, so originally PH had produced three different
versions of each product. Recently, they decided to create one
version, and then ship these with three different plugs (i.e., of
which two are redundant for the customer). What is the most likely
result of this decision? out of lower/higher safety stock costs and
production costs - correct answer -Lower safety stock costs,
higher production costs
If we have determined that the critical ratio in a Newsvendor
problem is 25%, and we set the order quantity accordingly, then
what is the in-stock probability? - correct answer -25%
Which of the these quality dimensions lends itself the easiest to
statistical measurement & control out of Durability, Aesthetics,
Conformance, and Perceived Quality? - correct answer -
conformance
OIS 3660 FINAL EXAM CONCEPTUAL
QUESTIONS 2026 QUESTIONS AND
ANSWERS| ACE YOUR GRADES.
What is the home state of Intermountain Healthcare? - correct
answer -utah
Which of these is NOT a type of waste in the Lean Philosophy out
of Inventory, Waiting, Transport, and Throughput? - correct
answer -Throughput
What does Double Marginalization cause? - correct answer --
Higher retail price than if the supply chain was coordinated
-Lower sales quantity than if the supply chain was coordinated
-Lower profits than if the supply chain was coordinated
Most often, the MAD, MSE, and MAPE all point to the same
forecasting method as the best one. When they are not in
agreement, which forecasting method should we choose? -
correct answer -The one with the lowest MSE
, Page | 2
Why do we use data from the past in forecasting? - correct
answer -To determine which forecasting method to use to
forecast the future
When a customer purchase (or order) is tied to the work in
process sooner (i.e., at an earlier process step), this is called: -
correct answer -Preponement
The economic order quantity is achieved at: - correct answer -The
point where the holding costs equal the ordering costs
Which of the following Lean Tools most aptly describes the fact
that if you want the light to turn on in an airplane bathroom, you
have to lock the door? - correct answer -Poka-Yoke
In anticipation of higher holiday demand, a company decides to
build up some inventory. This: - correct answer -...makes sense
and can help diminish the Bullwhip effect
, Page | 3
Who or what is central in the Lean Philosophy? - correct answer -
The customer
PH produces many electronics products for the USA, Europe, and
the UK. The plugs required for each of these geographical areas
are different, so originally PH had produced three different
versions of each product. Recently, they decided to create one
version, and then ship these with three different plugs (i.e., of
which two are redundant for the customer). What is the most likely
result of this decision? out of lower/higher safety stock costs and
production costs - correct answer -Lower safety stock costs,
higher production costs
If we have determined that the critical ratio in a Newsvendor
problem is 25%, and we set the order quantity accordingly, then
what is the in-stock probability? - correct answer -25%
Which of the these quality dimensions lends itself the easiest to
statistical measurement & control out of Durability, Aesthetics,
Conformance, and Perceived Quality? - correct answer -
conformance
