MGT613 solved Quizs

Within the operations function, which one of the following is a longterm

management decision?

Control decision

Non-operational decision

Strategic decision

Tactical decision

Strategic or institutional management* is the conduct of drafting,

implementing and evaluating cross-functional decisions that will enable

an organization to achieve its long-term objectives

Which one of the following forms of productivity is expressed as

dollar value of output per kilowatt hour?

Capital

Energy

Labor

Machine

Energy productivity: units of the output per kilowatt hour

Rupee value of output per kilowatt hour

Which one of the following is an outcome of Maximax?

The best of the worst possible payoff

The best possible payoff

The best average payoff

The least of the worst regrets

MAXIMAX

_ Maximax determines

_ The best possible outcome

_ Choose the Alternative with the best possible payoff.

_ It does not take into account any other alternative then the best payoff.

Which one of the following is a possible disadvantage of a moving

Average forecast?

The method is unable to forecast the demand accurately

The method is easy to compute and easy to understand

All the values in the average are weighted equally

The most recent values are given the more weighted

One disadvantage of using moving averages for forecasting is that in

Calculating the average all the observations are given equal weight (namely 1/L),

Whereas we would expect the more recent observations to be a better indicator of

thefuture (and accordingly ought to be given greater weight). Also in

movingaverages we only use recent observations, perhaps we should take into

account

all previous observations.

Which of following statement is true about effective capacity?

It is the actual output achieved

It is always less then actual output

It is the maximum output that a firm can produce

It is always less than designed capacity

Design capacity > effective capacity > acutal capacity

Design capacity is the max capacity which a firm can attain.

effective capacity is max capacity which a firm can produce.

Actual capacity is capacity which any firm actual produce.