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?
