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WGU C215 Operations Management Exam | Questions and Answers Latest 2024
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WGU C215 Operations Management Exam | Questions and Answers Latest 2024 WGU C215 Operations Management Exam | Questions and Answers Latest 2024 WGU C215 Operations Management Exam | Questions and Answers Latest 2024

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  • September 12, 2024
  • 67
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • wgu c215 operations management exam questions an
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WGU C215 Operations Management
Exam | Questions and Answers
Latest 2024
Economies of scale - Correct Answer - A condition in which the
average cost of a unit produced is reduced as the amount of
output is increased



Effective capacity - Correct Answer - the maximum output rate
that can be sustained under normal conditions



Transaction fee model - Correct Answer - a company receives a
fee for executing a transaction



Virtual private network (VPN) - Correct Answer - a private
Internet-based communications environment

That is used by the company, its suppliers, and its

Customers for day-to-day activities

,Constrained optimization problem - Correct Answer - a
mathematical model in which one is trying to

Maximize or minimize some quantity, while satisfying a

Set of constraints



Contraints - Correct Answer - limitations or requirements that
must be satisfied



Decisions variables - Correct Answer - quantities under the
control of the decision maker



Equality constraints - Correct Answer - a constraint such as 6x ₁
+ 3x ₂ = 30, used to specify that a

Requirement must be met exactly



Feasible solution - Correct Answer - a specific combination of
values of the decision

Variables such that all of the constraints are satisfied

,Formulation - Correct Answer - a formal, algebraic statement of
a constrained

Optimization problem



Greater-than-or-equal-to-contraint - Correct Answer - a
constraint such as 4x ₁ + 7x ₂ ≥ 50, often used to model a

Requirement that must be satisfied



Infeasible solution - Correct Answer - a specific combination of
values of the decision variables

Such that at least one of the constraints is violated



Less-than-or-equal-to constraint - Correct Answer - a constraint
such as 3x ₁ + 5x ₂ ≤ 22, often used to model a

Limitation on the amount of a resource that can be used



LHS value - Correct Answer - the value of the constraint
expression to the left of the ≤,

≥, or = sign

, Linear program (LP) - Correct Answer - a constrained
optimization problem in which all the

Functions involving decision variables are linear



Nonnegativity constraints - Correct Answer - constraints of the
form x ₁ ≥ 0, which are nearly universal

In linear programming problems. They are used to

Represent the fact that negative quantities of products

Cannot be made, shipped, etc



Objective - Correct Answer - the quantity to be maximized or
minimized



Optimal solution - Correct Answer - the feasible solution with the
largest (for a maximization

Problem) or smallest (for a minimization) objective value

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