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Omis Exam 2 Question and answers verified to pass Omis Exam 2 What is a system for ordering items that have little or no value at the end of a sales period? - correct answer single-period inventory model ABC analysis divides an organization's on-hand inventory into three classes based up...

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  • November 6, 2024
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  • 2024/2025
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Omis Exam 2
What is a system for ordering items that have little or no value at the end of a
sales period? - correct answer ✔single-period inventory model


ABC analysis divides an organization's on-hand inventory into three classes
based upon - correct answer ✔annual dollar volume.


Which of the following does NOT belong to ordering costs? - correct answer
✔interest payments


For seasonal products, the service level should be set to equal - correct
answer ✔shortage cost / (overage cost minus shortage cost).


What is the cost to prepare a machine or process for production? - correct
answer ✔setup cost


A statistical model applicable when product demand or any other variable is
not known but can be specified by means of a probability distribution is
referred as - correct answer ✔.
a probabilistic model.


Which of the following is NOT a type of inventory? - correct answer ✔MRP


One use of inventory is - correct answer ✔to provide a hedge against
inflation.


A system that triggers ordering on a uniform time basis is called - correct
answer ✔a fixed-period system.

, A device or technique that ensures production of a good unit every time is a -
correct answer ✔poka-yoke.


Managing quality helps build successful strategies of - correct answer
✔differentiation, low cost and response.


Which of the following is the Japanese term used to describe continuous
improvement efforts? - correct answer ✔kaizen


Which of the following costs is NOT a cost of quality? - correct answer
✔research and development


Which of the following is NOT one of the techniques for building employee
empowerment? - correct answer ✔Eliminate formal organization structures
such as teams and quality circles.


Which of the following determinants of service quality means the firm performs
the service right the first time and that the firm honors its promises? - correct
answer ✔reliability


Which of the following DOES NOT increase profit by improving quality? -
correct answer ✔higher warranty costs


Which of the following statements is NOT true regarding the importance of the
role that an operations manager plays in addressing service quality? - correct
answer ✔The manager may be able to influence the quality of the service but
has little control over the customers' expectation.

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