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MGT613 Current Papers

Question No: 1 ( Marks: 1 ) - Please choose one

Which ONE of the following statements correctly explains the role of operation’s manager?

► To coordinate the activities between marketing and finance department

► To sustain, protect and project the company's long term strategies

► To develop organizational strategy that reflects the operational strategy

► To sustain, protect and project the company’s operation/production side

Question No: 2 ( Marks: 1 ) - Please choose one

What would be the productivity if a machine produced 50 units in 3 hours?

► 0.066 units per hr

► 16.66 units per hr

► 6.766 units per hr

► 60.66 units per hr

Question No: 3 ( Marks: 1 ) - Please choose one

Which of the following is NOT a decision to be made by operations managers?

► How much capacity is required to balance demand?

► What should be the location and layout of a facility?

► How to improve operational efficiency?

► Which market areas to manufacture the products for?

Question No: 4 ( Marks: 1 ) - Please choose one

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

► (Quality + Speed – Flexibility) / Cost

► (Quality + Speed+ Flexibility) / Cost

► (Quality + Speed - Cost) / Flexibility

► (Quality + Speed+ Cost) / Flexibility

Question No: 5 ( Marks: 1 ) - Please choose one

Which of the following statements describes an order-qualifier characteristic?

► A competitive dimension used to make final decision among competitors

► A factor which directly and significantly contribute to winning business

► A factor which increases the profitability of the organization

► A factor perceived as a minimum standard as a potential for purchase

Question No: 6 ( Marks: 1 ) - Please choose one

Which one of the following correctly explains the qualitative forecasting technique?

► It consists mainly of numerical descriptions and defies subjective inputs of managers.

► It consists mainly of subjective inputs and defies particular numerical descriptions.

► It consists mainly of subjective inputs and defies human factor, personal opinions.

► It consists mainly of analyzing objective and hard data and defies human factor, opinion.

Question No: 7 ( Marks: 1 ) - Please choose one

Which one of the following factors provides a basis for comparing alternative forecasting techniques?

► Time dimension

► Reliability factor

► Degree of accuracy

► Measuring units

Question No: 8 ( Marks: 1 ) - Please choose one

Given the table:

Alternatives

Possible future demand

Low (Rs.)

High (Rs.)

Small facility

10,000

8,000

Medium facility

12,000

20,000

Large facility

18,000

15,000

Which one of the following is the correct payoff under MINIMAX regret approach?

► Rs. 12,000

► Rs. 6,000

► Rs. 5,000

► Rs. 16,000

Question No: 9 ( Marks: 1 ) - Please choose one

Which one of the following is a limitation of a moving average having a trend?

► The forecast lags behind the actual

► The forecast represents demand more accurately

► The forecast will not be accurate

► The forecast will not be reliable

Question No: 10 ( Marks: 1 ) - Please choose one

What would be the utilization, if 40 cars are produced in a day with a design capacity of 60 cars per day?

► 67%

► 20%

► 100%

► 150%

Question No: 11 ( Marks: 1 ) - Please choose one

Which one of the following stages of product life cycle relates to more predictable behavior in terms of capacity requirements?

► Introduction

► Growth

► Maturity

► Decline

Question No: 12 ( Marks: 1 ) - Please choose one

Which one of the following refers to the volume of output at which total cost equals total revenue?

► Optimal operating rate

► Break even point

► Feasible volume

► Utilization

Question No: 13 ( Marks: 1 ) - Please choose one

ABC Corporation has planned to purchase a new machine. Total annual fixed cost is Rs. 10,000, variable cost is Rs. 5 per unit and revenue is Rs. 7 per unit. What would be the break even point?

► 833 units

► 2000 units

► 5000 units

► 1012 units

Question No: 14 ( Marks: 1 ) - Please choose one

Which one of the following is an example of business that uses job shop process structure?

► French restaurants

► Heavy equipment

► Sugar refinery

► Automobile assembly

Question No: 15 ( Marks: 1 ) - Please choose one

Which of the following is NOT a characteristic of product layouts?

► High material handling costs

► Sequential arrangement of machines

► Standardized output

► Continuous production system

Question No: 16 ( Marks: 1 ) - Please choose one

Which of the following layout types is associated with a supermarket?

Fixed position layout

Process layout

Product layout

Cellular layout

Question No: 17 ( Marks: 1 ) - Please choose one

Which one of the following layout types is associated with car assembly?

Fixed position layout

Process layout

Product layout

Hybrid layout

Question No: 18 ( Marks: 1 ) - Please choose one

A self-service cafeteria is usually positioned as:

► Process layout

► Fixed position layout

► Hybrid layout

► Product layout

Question No: 19 ( Marks: 1 ) - Please choose one

What would be the required cycle time for a process that operates 9 hours daily with a desired output of 300 units per day?

0.03 minutes

► 1.8 minutes

► 2700 minutes

► 291 minutes

Question No: 20 ( Marks: 1 ) - Please choose one

Which method of forecasting is most widely used?

► Regression analysis

► Adaptive forecasting

► Weighted moving average

► Exponential smoothing

Question No: 21 ( Marks: 1 ) - Please choose one

Which of the following forecasting technique is based on the assumption that past data is more indicative of the future than the most recent occurrences?

► Naive forecast

► Exponential smoothing

► Linear regression

► Judgmental forecast

Question No: 22 ( Marks: 1 ) - Please choose one

Which one of the following refers to a design that takes into account organization’s operational capabilities, when designing a product?

► Design for assembly

► Design for manufacturing

► Design for recycling

► Design for disassembly

Question No: 23 ( Marks: 1 ) - Please choose one

Which one of the following mathematical expressions can be used to compute availability?

► (MTBF)/ (MTBF+MTR)

► (MTBF)/ (MTBF-MTR)

► (MTR)/ (MTBF+MTR)

► (MTR)/ (MTBF-MTR)

Question No: 24 ( Marks: 1 ) - Please choose one

Which one of the following is a curve showing failure rate over time?

► Cost curve

► Bath tub curve

► Fish bone diagram

► Reliability curve

Question No: 25 ( Marks: 1 ) - Please choose one

What would be the availability if a carpenter is expected to be able to operate for 350 hours between repairs, and the mean repair time is expected to be 3 hours?

► 0.99

► 1.0

► 3.0

► 7.03

Question No: 26 ( Marks: 1 ) - Please choose one

Technology has impacted the work place by:

► Adding to the existing geographical barriers for recruiting

► Increasing the cost of telecommuting

► Increasing the amount required to be spent on training

► Unifying the workforce to a common skill level

Question No: 27 ( Marks: 1 ) - Please choose one

Which one of the following refers to a team having representatives from different functional areas of the organization?

► Traditional work group

► Self-directed team

► Cross-functional team

► Self motivated team

Question No: 28 ( Marks: 1 ) - Please choose one

Which of the following refers to changing the job role of one worker with another?

► Job rotation

► Job enlargement

► Job enrichment

► Job design

Question No: 29 ( Marks: 1 ) - Please choose one

Forecasting helps managers by reducing the degree of:

► Accuracy

► Precision

► Uncertainty

► Reliability

Question No: 30 ( Marks: 1 ) - Please choose one

Which one of the following is NOT a business application of forecasting?

► Budgeting

► Capacity planning

► Inventory management

► Quality control

Question No: 31 ( Marks: 1 ) - Please choose one

Which one of the following is an example of community factors that affect location decisions?

► Transportation

► Quality of life

► Location of new markets

► Location of raw materials

Question No: 32 ( Marks: 1 ) - Please choose one

Which one of the following is a key benefit of process plant strategy?

► Economies of scale

► Diseconomies of scale

► Product variety

► Task specialization

Question No: 33 ( Marks: 1 ) - Please choose one

Which one the following is an assumption of center of gravity method?

► The quantity to be shipped is variable

► The quantity to be shipped is fixed

► The quantity carries no value

► The quantity to be shipped should be extraordinarily high

Question No: 34 ( Marks: 1 ) - Please choose one

Which of the following best describes the concept of the value chain?

► The step-wise increases in product prices as raw materials are turned into goods/services

► Adding financial value to an organization through the acquisition of other firms

► A sequence of activities that involve movement of materials in a production facility

► All steps in the transformation process that add value even if they don't come from manufacturing

Question No: 35 ( Marks: 1 ) - Please choose one

All of the following are examples of the transformation process EXCEPT:

Cutting

Packing

Facilitating

Labeling

Question No: 36 ( Marks: 1 ) - Please choose one

Which one of the following is an advantage of a moving average forecast?

All the values in the average are weighted equally

The method is reliable to forecast the demand accurately

The method is easy to compute and easy to understand

The most recent values are given the more weightage

Question No: 37 ( Marks: 1 ) - Please choose one

Which one of the following statements relates to the final stage of product life cycle?

Improve reliability, and reduce production costs

Improve packaging, and reliability

Improve reliability, and reduce quality

Improve reliability, and reduce promotion costs

Question No: 38 ( Marks: 1 ) - Please choose one

The purpose of ___________ is to coordinate and control all the required sources so that productive system can be used efficiently and to ensure the delivery of product in time.

Total quality control

Demand management

Forecasting

Operations management

Question No: 39 ( Marks: 1 ) - Please choose one

A workers strike represents which of the following behaviors of a time series?

Cyclical

Trend

Seasonal

Irregular variations

Question No: 40 ( Marks: 1 ) - Please choose one

Transportation method helps in solving which of the following problems?

Facility location problems

Allocation of cost problems

Workforce management problems

Unfamiliar laws and regulaitons problems

Question No: 41 ( Marks: 5 )

Elaborate some advantages and disadvantages of concurrent engineering?

Question No: 42 ( Marks: 5 )

Given the table:

Alternatives

Possible future demand

Low (Rs.)

High (Rs.)

Small facility

10,000

8,000

Medium facility

12,000

20,000

Large facility

18,000

15,000

Calculate Maximax, Lapalace and Minimax regret?