Mgt613 solved quizs

Question # 13 of 15 ( Start time: 07:20:30 PM )  Total Marks: 1 

An automatic car wash is an example of which of the following? 

Select correct option: 

  Standardized service

 Customized service

 Batch processing

 Intermittent processing

 Standardized service implies that every customer or item processed receives essentially the same service. An automatic car wash is a good example

Question # 14 of 15 ( Start time: 07:21:22 PM )  Total Marks: 1 

Which one of the following refers to using some of the components of old products in the manufacture of new products? 

Select correct option: 

  Remanufacturing

 Robust design

 Automation

 Manufacturability

PG#51 Design for Remanufacturing: Using some of the components of the old products in the

manufacture of new products

Question # 3 of 15 ( Start time: 07:31:51 PM )  Total Marks: 1 

An organization has described its distinctive characteristics. So, what is the next step in formulating the strategy? 

Select correct option: 

  Productivity Measures

 Environmental scanning

 Selecting the market segment

 Competitor’s distinctiveness

 Lecture#4(time 30mints)

Question # 4 of 15 ( Start time: 07:33:18 PM )  Total Marks: 1 

Most of the organizations adopt a defensive design R&D Strategy in an attempt to prolong the life of the product by employing new packaging, redesigning it, improving its reliability. This is __________ phase in product life cycle. 

Select correct option: 

  Growth

 Maturity

 Saturation

 Decline 

 PG#50  DECLINE: In this phase, most of the organizations adopt a defensive design R&D Strategy in an attempt to prolong the life of the product by employing new packaging, redesigning it, improving its reliability

Question # 8 of 15 ( Start time: 07:36:33 PM )  Total Marks: 1 

The companies that are competing on cost, their chance to gain the competitive advantage over their competitors is: 

Select correct option: 

 Based on flexibility

 Based on uniqueness of their products

 Based on reliability of scheduling

 Based upon low cost leadership

 The low cost leader in any markets gains competitive advantage from being able to produce at the lowest cost. http://technicaltarun.blogspot.com/

A competitive strategy predicated on low cost leadership is particularly powerful

Question # 11 of 15 ( Start time: 07:39:11 PM )  Total Marks: 1 

A tool to measure effective use of resources and usually expressed as the ratio of output to input is known as; 

Select correct option: 

  Production ratio

 Productivity

 Reliability

 Operations ratio

 PG#19 Productivity is a measure of the effective use of resources, usually expressed as the ratio of output to input .

Question # 13 of 15 ( Start time: 07:40:51 PM )  Total Marks: 1 

Organization whether manufacturing product or delivering a service are made to operate in three dimensions that are: 

Select correct option: 

  Legal, Ethical, and Environmental

 Legal, Environmental, Social

 Legal, Ethical, Social

 Ethical, Environmental, Social

PG#46 Organizations whether manufacturing a product or delivering a service are made to operate in a three dimensional frame work of legal, ethical and environmental boundaries

 Question # 15 of 15 ( Start time: 07:42:30 PM )  Total Marks: 1 

Which ONE of the following forms a bridge between two islands of Engineering and Management? 

Select correct option: 

  Production Engineering

 Operations Management

 Industrial Management

 Operations Engineering  

 PG#2 Two Islands named Engineering and Management

Ø Operations management uses foundations of both Engineering and Management.

Question # 5 of 15 ( Start time: 08:54:43 PM )  Total Marks: 1 

Which ONE of the following statement correctly explains the difference between operations management (OM) and operations research (OR)? 

Select correct option: 

  OM relies on mathematical modeling and OR focus on practical scenarios.

 OM is more powerful to improve the whole system OR relies on mathematical modeling.

 OM is relies on practical scenarios and Or relies on Mathematical modeling.

 OM relies on mathematical modeling and OR is considered to be one of the critical tools of mangers.

PG#1 Difference between Operations Management and Research

Ø OR relies on mathematical modeling and OM relies on practical scenarios/industrial cases.

Question # 6 of 15 ( Start time: 08:56:07 PM )  Total Marks: 1 

Releasing products with defects should be informed to the customers. This statement comes under ______ frame work. 

Select correct option: 

  Legal

 Ethical

 Environmental

 None of the above 

  PG#46 Ethical. Operations Manager should understand that he is under Contractual agreement not to exhibit unethical behavior. Releasing products with defects should be informed to the customers.

Question # 2 of 15 ( Start time: 09:05:48 PM )  Total Marks: 1 

Which one of the followings appears to provide the best prospect for increases in productivity? 

Select correct option: 

  Management

 Raw materials

 Labor

 Capital

MANAGEMENT With better scheduling, planning, coordinating and controlling activities of management the machine operations can be carried to improve productivity

Question # 12 of 15 ( Start time: 09:11:25 PM )  Total Marks: 1 

Time based strategies include: 

Select correct option: 

 Planning and processing time

 Product/service design and Change over time

 Delivery and Response time

 All of the above

  PG#18

Question # 15 of 15 ( Start time: 09:13:21 PM )  Total Marks: 1 

Which one of the following is NOT a key external factor in formulating operations strategy? 

Select correct option: 

 Economic conditions

 Human resources

 Political conditions

 Legal environment

 PG#15

Question # 8 of 15 ( Start time: 09:24:03 PM )  Total Marks: 1 

Which one of the following formulae can be used to compute value? 

Select correct option: 

 (Quality + Speed – Flexibility) / Cost

 (Quality + Speed+ Flexibility) / Cost

 (Quality + Speed - Cost) / Flexibility

 (Quality + Speed+ Cost) / Flexibility

Question # 12 of 15 ( Start time: 09:26:04 PM )  Total Marks: 1 

Decision Tree is read from: 

Select correct option: 

 Right to left

 Left to right

 Top to bottom

 Bottom to top

 PG#29 Decision Trees Ø The tree is read from left to right

Question # 13 of 15 ( Start time: 09:27:20 PM )  Total Marks: 1 

Which of the following functions of an organization consists of all activities directly related to production of a good or service? 

Select correct option: 

  Operations

 Marketing

 Accounting

 Finance

PG#7 The Operations function consists of all activities that are directly related to production of a good or service.

Question # 1 of 15 ( Start time: 09:32:11 PM ) Total Marks: 1

As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process?

Select correct option:

 Collecting and analyzing the appropriate data

 Determining the purpose of the forecast

 Choosing a forecasting technique

 Setting up a time horizon or a time limit

PG#34

Question # 7 of 15 ( Start time: 09:36:37 PM ) Total Marks: 1

When using exponential smoothing how the smoothing constant can be determined?

Select correct option:

 With the help of the accuracy of the previous forecasts

 By using MAD (Mean Absolute deviation)

 By choosing to maximize positive bias

 By using random variations

http://wps.prenhall.com/bp_heizer_opsmgmt_9/77/19791/5066649.cw/content/index.html

Question # 15 of 15 ( Start time: 10:04:18 PM )  Total Marks: 1 

Planning workforce requirements, scheduling of the equipment and financial analysis are the major uses of__________. 

Select correct option: 

 Productivity ratios

 Productivity Growth

 Multifactor productivity

 Operations strategy 

   PG#19 ·Productivity ratios are used for

Ø Planning workforce requirements

Ø Scheduling equipment

Ø Financial analysis

Question # 4 of 15 ( Start time: 10:07:35 PM )  Total Marks: 1 

Which method of forecasting is the most widely used? 

Select correct option: 

  Regression analysis

 Adaptive forecasting

 Weighted moving average

 Exponential smoothing

 Question # 13 of 15 ( Start time: 10:11:13 PM )  Total Marks: 1 

Materials, land, energy and human and capital resources are the examples of: 

Select correct option: 

  Inputs

 Transformation

 Outputs

 Productivity

PG#4 Inputs include materials, inventory, services, land, and energy, human and capital resources.

Question # 2 of 15 ( Start time: 10:37:39 PM )  Total Marks: 1 

_____ allows the managers to anticipate the future so that they can plan accordingly. 

Select correct option: 

  Planning

 Controlling

 Forecasting

 Organizing

PG#31 Forecasting allows the manager to anticipate the future so then can plan accordingly

Question # 5 of 15 ( Start time: 10:38:59 PM )  Total Marks: 1 

In decision making theory the next step after implementing the best possible alternative is to: 

Select correct option: 

  Develop Alternatives

 Develop results

 Monitor the results

 Implementation 

 PG#24

Question # 7 of 15 ( Start time: 10:41:22 PM )  Total Marks: 1 

Increases in productivity are difficult to achieve if one of the following situation occurs 

Select correct option: 

  The task is more intellectual and personal

 The task is more quantitative and repetitive

 The task is more physical and tangible

 The task is more good-producing and standardized

 Question # 13 of 15 ( Start time: 10:42:54 PM )  Total Marks: 1 

Which one of the following is a productivity measure based on all inputs? 

Select correct option: 

 Capital productivity

 Multifactor productivity 

 Partial productivity

 Total productivity

 PG#19

Question # 14 of 15 ( Start time: 10:44:18 PM )  Total Marks: 1 

Forecasting accuracy has_______ relation with time horizon. 

Select correct option: 

  Inverse

 Linear

 Direct

 Parallel

 PG#33 Forecast accuracy decreases as time horizon increases

Question # 8 of 15 ( Start time: 10:51:00 PM )  Total Marks: 1 

The major business functions consisting of research and development, product design, manufacturing, marketing, distribution, and customer service refer to: 

Select correct option: 

  The transformation process

 Value chain

 Life cycle

 Quality control

Question # 11 of 15 ( Start time: 10:53:24 PM )  Total Marks: 1 

What are the ways to promote growth of any organization in terms of its output? 

Select correct option: 

  Bring additional inputs into production

 Increase productivity

 Both A & B

 Non of the above

Question # 12 of 15 ( Start time: 10:54:15 PM )  Total Marks: 1 

Manufacturability is the ease of fabrication and/or assembly which is important for: 

Select correct option: 

 Cost and Productivity

 Productivity and Quality

 Cost and Quality

 Cost, productivity and Quality

 PG#46 Manufacturability means the ease of fabrication or assembly of a product as it directly affects cost, quality and productivity.

Question # 14 of 15 ( Start time: 10:55:22 PM )  Total Marks: 1 

Which of the following statement is NOT correct with respect to models in operations management? 

Select correct option: 

  Models are easy to use, less expensive

 Models have specific objectives

 Models don’t have the standardized format

 Models enables “what if” questions

 PG#4

Question # 15 of 15 ( Start time: 10:56:40 PM )  Total Marks: 1 

Operations based strategy involves all activities except; 

Select correct option: 

  Supply chain management

 Quick response to customer needs

 Flexibility and inventory management

 Identifying customer wants and needs