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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:

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:

Calculate Maximax, Lapalace and Minimax regret?