pg. 1 Bcor 2206 Final Exam CU Boulder Latest Prep Guide With 150 Real Final Exam Questions With Correct Answers/ Bcor 2206 Final Exam 2025 (Brand New!)
Which of the following decisions would NOT be under the direct control of operations managers?
- What resources will be used to satisfy customer demand?
- What customers should be targeted with greatest priority?
- What suppliers should provide needed inputs?
- What mode of transportation should be used to ship products?
- What customers should be targeted with greatest priority?
- Efficient and productive operations drive the economic well-being of nations.
- Operations management is responsible for much of the value created by
- Operations management is a key source of competitive differentiation among
- All of these are reasons why operations management is important.
- All of these are reasons why operations management is important.
Which of the following statements are reasons why operations management is important?
organizations.
firms.
A firm has found that it provides a 90 percent order fill rate (orders shipped complete), 90 percent on-time delivery, 90 percent of its orders arrive at customers' destination in perfect condition, and 90 percent of the time all documentation is correct. These are all of the elements of a perfect order for this company's customers. If the firm improves its performance in on-time delivery to 98 percent, what is its new perfect order performance?
- 88 percent 1 / 4
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- 98 percent
- 0 percent
- 80 percent
- 71.4 percent
- 71.4 percent
- 10
- 9
Suppose demand is 45 units a month, average inventory is 60 units, and unit cost is $20. What is the annual inventory turnover?
C) 0.75
- 15
- 9
- 16.6 days
- 36 days
- 0.6 days
- 22 days
- 16.6 days
- Ordering costs
- Governmental costs
- Carrying (or holding) costs
- None of these selections 2 / 4
(45 x 12) / 60 = 9 Next year a tire company wants to have an inventory turnover rate of 22 times per year. To achieve this turnover rate, what should be the average number of days of supply?
365 days/22 turns = 16.6 days Taxes and insurance costs are an example of which of the following costs?
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- Carrying (or holding) costs
- Product costs
- Ordering costs
- Holding costs
- System management costs
- Ordering costs
Suppose a chief supply chain officer takes the total of all purchasing managers' annual salaries and divides this number by the number purchase orders placed in a year. This calculation would provide insight into what kind of inventory cost?
A supply chain is a global network of organizations and activities involved in:
- Producing, buying, servicing, and disposing of goods and services.
- Designing, transforming, consuming, and disposing of goods and services.
- Financing, producing, and marketing of goods and services.
- Designing, financing, selling, and disposing of goods and services.
- Designing, transforming, consuming, and disposing of goods and services.
A process is:
- A set of planned steps used to achieve an objective.
- A system of activities that transforms inputs into valuable outputs.
- A system of decisions.
- A combined effort by people who want to get something done.
- A system of activities that transforms inputs into valuable outputs.
Johnson Company makes widgets, which it then sends to Smith Company. Smith Company puts the widgets in packages. Smith Company is considered by Johnson
to be a:
- Critical customer.
- Upstream product supplier.
- Aftermarket supplier. 3 / 4
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- Downstream product supplier.
- Downstream product supplier.
Physical goods can be differentiated from services in the operations management
process by:
- Longer lead times and they can be inventoried.
- More capital intensive and short lead times.
- More labor intensive and longer lead times.
- More expensive and easier to control.
- Longer lead times and they can be inventoried.
Johnson Company has the following data about customer orders for the month of
June:
Orders Received: 5,000 orders
Total Units Ordered: 40,000 units
Total Units Delivered: 37,800
Total Orders Delivered Complete: 4,600
What was Johnson's unit fill rate?
- 92 percent
- 94.5 percent
- 12.5 percent
- None of these
- 94.5 percent
From an operations perspective, companies should strive to:
- Provide customer success to all customers.
- Realize different customer management approaches may be appropriate for
different customers.
- Realize that all customers desire close customer success types of relationships.
- Never refuse to do business with a customer.
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