MGT613 solved midterm Quizs

Question # 15 of 15 ( Start time: 05:08:33 PM )  Total Marks: 1 

Organizational strategy is different from operations strategy because it is; 

Select correct option: 

 Prepared by middle managers

 Narrower in scope

 Longer in time horizon

 All of the above

PG#14

Question # 1 of 15 ( Start time: 05:35:09 PM )  Total Marks: 1 

CBR stands for which one of the following? 

Select correct option: 

 Commercial Board of Revenue

 Central Board of Recycling

 Central Board of Renovation

 Central Board of Revenue

Question # 2 of 15 ( Start time: 05:35:31 PM )  Total Marks: 1 

Suppose an operations manager is having a pessimistic approach of decision making under uncertain conditions. What approach he will follow for decision making? 

Select correct option: 

 Maximin

 Maximax

 Laplace

 Non of the above

 PG#26

Question # 4 of 15 ( Start time: 05:37:03 PM )  Total Marks: 1 

Completion of any operations depends upon the slowest process in the assembly line. What operations managers need to do in order to be successful? 

Select correct option: 

 Target and eliminate bottlenecks

 Identify the bottlenecks

 Make slowest process more slow

 Non of the above

Question # 6 of 15 ( Start time: 05:38:35 PM )  Total Marks: 1 

Which one the following formula or function can be used to measure the performance? 

Select correct option: 

 Flexibility + profit+ operations

 Work + profit + value

 Quality + speed + flexibility

 Profit + Incentives + standards

Question # 8 of 15 ( Start time: 05:39:15 PM )  Total Marks: 1 

“Business forecasting is only used for predicting demand”. This statement is 

Select correct option: 

 Totally right

 Totally wrong

 Partially right

 None of the above

Question # 1 of 15 ( Start time: 06:26:30 PM )  Total Marks: 1 

In forecasting, planning the use of system relates to the ______ plans. 

Select correct option: 

 Long term

 Short term

 Both long and short term

 None of the above

page#31
Planning the use of the system relates to short range

Question # 7 of 15 ( Start time: 06:34:16 PM )  Total Marks: 1 

OSHA stands for: which one of the following? 

Select correct option: 

 Occupational Safety Hygiene Administration

 Occupational Stock Hygiene Administration

 Occupational Safety Hygiene Agency

 Occupational Science Hygiene Administration

Question # 10 of 15 ( Start time: 06:35:54 PM )  Total Marks: 1 

Patterns of time series that repeat themselves after a period of days or weeks are called: 

Select correct option: 

 Seasonality

 Random variation

 Cycles

 Trends

Q#15

Question # 11 of 15 ( Start time: 06:37:19 PM )  Total Marks: 1 

“What business are we in?” This statement will come under: 

Select correct option: 

 Mission Statement

 Goals

 Tactics

 Strategies 

 PG#12 Mission Statement answers the question “What business are we in?”

Question # 13 of 15 ( Start time: 06:39:19 PM )  Total Marks: 1 

Sequence of data points that are measured typically at successive times at regular time intervals is known as: 

Select correct option: 

  Moving average

 Weighted moving average

 Time series 

 Forecasts 

 a time series is a sequence of data points, measured typically at successive times spaced at uniform time intervals.

Question # 14 of 15 ( Start time: 06:40:06 PM )  Total Marks: 1 

Services differ from manufacturing in all the following ways EXCEPT: 

Select correct option: 

  Customers typically interact directly with the service delivery process

 Consumption and production take place simultaneously.

 Services are intangible.

 Services can be stored.

 Question # 15 of 15 ( Start time: 06:41:17 PM )  Total Marks: 1 

Productivity ratios are used for planning workforce requirements, scheduling equipments and _________. 

Select correct option: 

  Satisfying customers

 Financial analysis 

 Management decisions

 None of the above

 PG#19 ·Productivity ratios are used for

Ø Planning workforce requirements

Ø Scheduling equipment

Ø financial analysis

Question # 2 of 15 ( Start time: 06:59:00 PM )  Total Marks: 1 

Group Consensus relates to which of the following judgmental forecasting technique? 

Select correct option: 

  Sales force

 Consumer surveys

 Delphi method

 Executive opinions

 PG#35 

Question # 10 of 15 ( Start time: 07:02:10 PM )  Total Marks: 1 

Following are all examples of distinctive competencies EXCEPT; 

Select correct option: 

  Price

 Quality

 Planning

 Flexibility

PG#14

Question # 1 of 15 ( Start time: 07:10:05 PM )  Total Marks: 1 

Which of the following favors adopting a “go for it” strategy? 

Select correct option: 

  Maximin

 Maximax

 Minimax regret

 Laplace

 PG#26

Question # 9 of 15 ( Start time: 07:16:33 PM )  Total Marks: 1 

Strategy design process in initiated by: 

Select correct option: 

  Corporate strategy

 Needs of the customer

 Operations Strategy

 All of the above

 PG#14

Question # 10 of 15 ( Start time: 07:17:39 PM )  Total Marks: 1 

Forecasts help managers by reducing the degree of: 

Select correct option: 

  Accuracy

 Precision

 Uncertainty

 Reliability

Forecasts help managers by reducing some of the uncertainty, thereby enabling them to develop more useful plans.

Question # 11 of 15 ( Start time: 07:18:41 PM )  Total Marks: 1 

In operations management the time required to react appropriately to a competitor’s strategies or technology up gradation is called: 

Select correct option: 

  Processing time

 Changeover time

 Response Time

 Planning time

 Page#18