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MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 17
sec(s)


Question # 1 of 20 ( Start time: 12:48:58 PM ) Total Marks: 1
The productivity measure output/ (labor + machine) will be named as:
Select correct option:

Partial measure
Multifactor measure
Total measure
None of the above


2



MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 7
sec(s)


Question # 2 of 20 ( Start time: 12:50:13 PM ) Total Marks: 1
A method in which each quantity is to be averaged according to its assigned weight is known as?
Select correct option:

Weighted moving average
Exponential moving average
Cumulative moving average
Moving average




1


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 55
sec(s)


Question # 3 of 20 ( Start time: 12:51:38 PM ) Total Marks: 1
Which one of the following is an application of simple exponential smoothing?
Select correct option:

Establishing durability
Finding reliability
Scheduling services
Quality improvement




3


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 53
sec(s)


Question # 4 of 20 ( Start time: 12:52:19 PM ) Total Marks: 1
Flexible operations comes under the example of:
Select correct option:

Strategy
Tactics
Mission
Goals




1


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 48
sec(s)


Question # 5 of 20 ( Start time: 12:53:03 PM ) Total Marks: 1
Those significant characteristics that service customers perceive as minimum standards of acceptability to be considered as a potential purchase is called:
Select correct option:

Order Winners
Order Qualifiers
Order Takers
None of the above




2


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 25
sec(s)


Question # 6 of 20 ( Start time: 12:53:51 PM ) Total Marks: 1
A technique that averages the number of recent actual values and forms a new value is called:
Select correct option:

Exponential smoothing
Weighted moving average
Moving average
None of the above




3


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 35
sec(s)


Question # 7 of 20 ( Start time: 12:55:02 PM ) Total Marks: 1
Collaborative Planning, Forecasting, and Replenishment (CPFR) a Web based tool used to coordinate demand forecasting, ____________ and inventory replenishment between supply chain trading partners.
Select correct option:

Production and purchase planning
Demand and supply planning
Quantitative forecasting
Demand management




1


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 25
sec(s)


Question # 8 of 20 ( Start time: 12:56:06 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




4


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 50
sec(s)


Question # 9 of 20 ( Start time: 12:57:16 PM ) Total Marks: 1
A term strategy is referred to as
Select correct option:

The goal that is to be achieved
A functional area of the firm
An action plan to achieve a mission
The purpose for which an organization is established




3

MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 70
sec(s)


Question # 10 of 20 ( Start time: 12:58:13 PM ) Total Marks: 1
Which one of the following is NOT the input in the transformation process?
Select correct option:

Informations
Services
Facilities
Materials




2

MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 26
sec(s)


Question # 11 of 20 ( Start time: 12:58:39 PM ) Total Marks: 1
All of the following are examples of transformation process EXCEPT:
Select correct option:

Cutting
Packing
Facilitating
Labeling




3


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 45
sec(s)


Question # 12 of 20 ( Start time: 12:59:52 PM ) Total Marks: 1
Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement?
Select correct option:

Multifactor
Partial
Single
Total




1


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 54
sec(s)


Question # 13 of 20 ( Start time: 01:01:05 PM ) Total Marks: 1
Which of the following is the main source of a poor decision making by the managers?
Select correct option:

Failure to check their facts
Failure to plan for unexpected events
Failure to connect the problem to the overall strategy
All of the above




4

MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 33
sec(s)


Question # 14 of 20 ( Start time: 01:02:16 PM ) Total Marks: 1
Which of the following favors adopting a “go for it” strategy?
Select correct option:

Maximin
Maximax
Minimax regret
Laplace




2

MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 37
sec(s)


Question # 15 of 20 ( Start time: 01:03:16 PM ) Total Marks: 1
With regard to a regression-based forecast, the standard error of the estimate gives a measure of:
Select correct option:

Required time to derive the forecast equation
Validation time period of the forecast
The maximum error of the forecast
Variability around the regression line




4


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 65
sec(s)


Question # 16 of 20 ( Start time: 01:04:15 PM ) Total Marks: 1
A product ‘A’ is specified to work well up to 30 degree Celsius temperature and 30% humidity. What would these specifications represent?
Select correct option:

Reliability factor
Standard conditions
Normal operating conditions
Standard operating procedure




2


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 59
sec(s)


Question # 17 of 20 ( Start time: 01:05:10 PM ) Total Marks: 1
Which of the following statement correctly explains the role of operations management?
Select correct option:

Sustain the company’s operation
Protect the company’s operation
Project the company’s operation
All of the above




4


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 54
sec(s)


Question # 18 of 20 ( Start time: 01:05:49 PM ) Total Marks: 1
Which one of the following strategies specifies how the firm will employ its production capabilities to support its corporate strategy?
Select correct option:

Tactical
Operations
Manufacturing
Production




2

MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 52
sec(s)


Question # 19 of 20 ( Start time: 01:06:50 PM ) Total Marks: 1
Which one of the following refers to the maximum output that a firm can produce under ideal conditions?
Select correct option:

Design capacity
Effective capacity
Capacity planning
Utilization rate




1


MC110401647 : Mubeen Mehmood



Quiz Start Time: 12:48 PM Time Left 67
sec(s)


Question # 20 of 20 ( Start time: 01:07:36 PM ) Total Marks: 1
Forecasting or prediction for organizations will always be:
Select correct option:

Failure

Success
Sometimes failure and sometimes success
Complex




3


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 63
sec(s)


Question # 1 of 20 ( Start time: 01:09:33 PM ) Total Marks: 1
Sequence of data points that are measured typically at successive times at regular time intervals is known as:
Select correct option:

Moving average
Weighted moving average
Time series
Forecasts




3



MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 69
sec(s)


Question # 2 of 20 ( Start time: 01:10:07 PM ) Total Marks: 1
Organizational strategies relate to which of the following sets of factors?
Select correct option:

Survival, profitability, growth rate and market share
Profitability, survival, lead times and target market
Quality, operating resources, growth rate and market share
Scheduling, profitability, lead times and survival




1


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 67
sec(s)


Question # 3 of 20 ( Start time: 01:10:39 PM ) Total Marks: 1
Overall broad picture of the organization is depicted by its _______ that provides detailed and broader scope.
Select correct option:

Operations strategy
Organizational strategy
Marketing strategy
Manufacturing units




2

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 70
sec(s)


Question # 4 of 20 ( Start time: 01:11:08 PM ) Total Marks: 1
Which one of the following strategies specifies how the firm will employ its production capabilities to support its corporate strategy?
Select correct option:

Tactical
Operations
Manufacturing
Production




2

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 74
sec(s)


Question # 5 of 20 ( Start time: 01:11:37 PM ) Total Marks: 1
In forecasting, planning the use of system relates to the ______ plans.
Select correct option:

Long term
Short term
Both long and short term
None of the above




2

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 77
sec(s)


Question # 6 of 20 ( Start time: 01:12:03 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





1

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 70
sec(s)


Question # 7 of 20 ( Start time: 01:12:22 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




2

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 70
sec(s)


Question # 8 of 20 ( Start time: 01:12:48 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




1


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 73
sec(s)


Question # 9 of 20 ( Start time: 01:13:13 PM ) Total Marks: 1
Product life cycle is based on:
Select correct option:

Price
Place
Demand
Supply




3


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 71
sec(s)


Question # 10 of 20 ( Start time: 01:13:37 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




1

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 71
sec(s)


Question # 11 of 20 ( Start time: 01:14:02 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




2


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 89
sec(s)


Question # 12 of 20 ( Start time: 01:14:33 PM ) Total Marks: 1
Which one of the following is the final stage of product life cycle?
Select correct option:

Growth
Decline
Maturity
Planning




2


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 89
sec(s)


Question # 13 of 20 ( Start time: 01:14:57 PM ) Total Marks: 1
Which of the following favors adopting a “go for it” strategy?
Select correct option:

Maximin
Maximax
Minimax regret
Laplace




2


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 89
sec(s)


Question # 14 of 20 ( Start time: 01:15:15 PM ) Total Marks: 1
Which of the following is not the true representation the concept of time series model?
Select correct option:

Exponential smoothing
Moving averages
Naïve approach
Linear regression




4

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 89
sec(s)


Question # 15 of 20 ( Start time: 01:16:09 PM ) Total Marks: 1
Strategy design process in initiated by:
Select correct option:

Corporate strategy
Needs of the customer
Operations Strategy
All of the above




4

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 88
sec(s)


Question # 16 of 20 ( Start time: 01:16:34 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




4

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 84
sec(s)


Question # 17 of 20 ( Start time: 01:17:05 PM ) Total Marks: 1
Which of the following is the main source of a poor decision making by the managers?
Select correct option:

Failure to check their facts
Failure to plan for unexpected events
Failure to connect the problem to the overall strategy
All of the above





4
MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 85
sec(s)


Question # 18 of 20 ( Start time: 01:17:24 PM ) Total Marks: 1
Which one of the following is a curve showing failure rate over time?
Select correct option:

Cost curve
Bath tub curve
Fish bone diagram
Reliability curve


2

MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 76
sec(s)


Question # 19 of 20 ( Start time: 01:17:56 PM ) Total Marks: 1
The forecasting time horizon that would typically be easiest to predict would be:
Select correct option:

Medium-range
Long-range
Short-range
Intermediate range




3


MC110402288 : Muhammad Shahzad



Quiz Start Time: 01:09 PM Time Left 75
sec(s)


Question # 20 of 20 ( Start time: 01:18:16 PM ) Total Marks: 1
Which probability distribution is used most extensively in dealing with forecasting errors?
Select correct option:

Normal
Exponential
Beta
Pareto




1


 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  74
sec(s)    
 
 
Question # 3 of 20 ( Start time: 01:26:51 PM )  Total Marks: 1  
Which of the following ensures that the design meets the performance characteristics that are specified in the product concept?  
Select correct option:  
 
 Functional design         
 
 Production design    
 
 Service design    
 
 Product design
 
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  79
sec(s)    
 
 
Question # 5 of 20 ( Start time: 01:27:24 PM )  Total Marks: 1  
The ratio of the real value of output to the combined input of labor and capital is called:  
Select correct option:  
 
 Labor Productivity
 Capital Productivity
 Energy Productivity
 Multifactor Productivity
 

     
 
4
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  76
sec(s)    
 
 
Question # 6 of 20 ( Start time: 01:27:40 PM )  Total Marks: 1  
Which of the following does not enhance developing capacity alternatives?  
Select correct option:  
 
 Designing flexibility into the system
 Taking a big picture approach
 Staying focused on quantitative factors
 Smoothing capacity requirements
 

     
 
3
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  74
sec(s)    
 
 
Question # 7 of 20 ( Start time: 01:28:00 PM )  Total Marks: 1  
OSHA stands for: which one of the following?  
Select correct option:  
 
 Occupational Safety Hygiene Administration
 Occupational Stock Hygiene Administration
 Occupational Safety Hygiene Agency
 Occupational Science Hygiene Administration
 
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  74
sec(s)    
 
 
Question # 8 of 20 ( Start time: 01:28:22 PM )  Total Marks: 1  
Which of the following includes the quantitative methods of forecasting?  
Select correct option:  
 
 Sales force composite
 Exponential smoothing
 Consumer market survey
 Jury of executive opinion
 

     
 
2



 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  70
sec(s)    
 
 
Question # 9 of 20 ( Start time: 01:28:43 PM )  Total Marks: 1  
The whole is greater than the sum of the parts.” Called  
Select correct option:  
 
 Schema
 Trade off
 Synergy
 Optimization
 

     
 
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  79
sec(s)    
 
 
Question # 10 of 20 ( Start time: 01:29:11 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
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  80
sec(s)    
 
 
Question # 11 of 20 ( Start time: 01:29:27 PM )  Total Marks: 1  
Productivity ratios are used in;  
Select correct option:  
 
 Planning work force requirements
 Scheduling equipments
 Financial analysis
 All of the above
 

     
 
3
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  76
sec(s)    
 
 
Question # 12 of 20 ( Start time: 01:29:44 PM )  Total Marks: 1  
Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement?  
Select correct option:  
 
 Multifactor
 Partial
 Single
 Total
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  76
sec(s)    
 
 
Question # 13 of 20 ( Start time: 01:30:02 PM )  Total Marks: 1  
Suppose an operations manager is having a pessimistic approach of decision making under uncertain conditions. What approach he will follow for decision making?  
Select correct option:  
 
 Maximin
 Maximax
 Laplace
 Non of the above
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  78
sec(s)    
 
 
Question # 14 of 20 ( Start time: 01:30:22 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  
 

     
 
4
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  77
sec(s)    
 
 
Question # 15 of 20 ( Start time: 01:30:39 PM )  Total Marks: 1  
Within the operations function, which one of the following is a long-term management decision?  
Select correct option:  
 
 Control decision
 Non-operational decision
 Strategic decision
 Tactical decision
 

     
 
3
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  49
sec(s)    
 
 
Question # 16 of 20 ( Start time: 01:31:01 PM )  Total Marks: 1  
The steps of the conversion of inputs into outputs are:  
Select correct option:  
 
 Input, process, transformation
 Labor, control, goods
 capital, land, service
 Input, conversion process, output
 

     
 
4
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  77
sec(s)    
 
 
Question # 17 of 20 ( Start time: 01:31:48 PM )  Total Marks: 1  
The three major business functions necessary to all organizations are:  
Select correct option:  
 
 Accounting, personnel, operations
 Marketing, finance/accounting, operations
 Marketing, accounting, personnel
 Marketing, finance, operations
 

     
 
2
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  82
sec(s)    
 
 
Question # 18 of 20 ( Start time: 01:32:08 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
 

     
 
1
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  78
sec(s)    
 
 
Question # 19 of 20 ( Start time: 01:32:24 PM )  Total Marks: 1  
Which one of the following reasons account for using moving average in forecasting?  
Select correct option:  
 
 It eliminates the trend
 It smoothes the random fluctuations
 It counteracts the seasonal variations
 It approximates the period average
 

     
 
4
 
 
BC080400349 : Abdul Rehman



Quiz Start Time: 01:26 PM  Time Left  77
sec(s)    
 
 
Question # 20 of 20 ( Start time: 01:32:42 PM )  Total Marks: 1  
Which one of the followings is the most closest to the linear regression?  
Select correct option:  
 
 Trend projection method of forecasting
 Weighted moving average forecasting
 Simple moving average forecasting
 Naïve forecasting  
 

     
 
1

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Production / Operations Management
2nd Online Quiz spring 2013 by
Muhammad Usman Butt

Production / Operations Management

2nd Online Quiz spring 2013 by

Muhammad Usman Butt

Question # 1 of 20 ( Start time: 08:30:37 PM )  Total Marks: 1 

Which of the following terms are important for financial analysis? 

Select correct option: 

 

 Cash flow and profit

 

 Cash flow and present value

 

 Present value and fixed cost

 

 Cash flow and fixed cost

 

 

Question # 2 of 20 ( Start time: 08:31:21 PM )  Total Marks: 1 

Which one of the following operating levels is best with respect to capacity? 

Select correct option: 

 

 The maximum point of the cost curve

 The level of capacity for which average unit cost is minimized

 The level of capacity for which average unit cost is maximized

 The level of capacity for which total cost is minimized

 

Question # 3 of 20 ( Start time: 08:32:53 PM )  Total Marks: 1 

Patterns of time series that repeat themselves after a period of days or weeks are called: 

Select correct option: 

 

 Seasonality

 Random variation

 Cycles

 Trends

 

Question # 4 of 20 ( Start time: 08:33:32 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

 

Question # 5 of 20 ( Start time: 08:34:28 PM )  Total Marks: 1 

Collaborative Planning, Forecasting, and Replenishment (CPFR) a Web based tool used to coordinate demand forecasting, ____________ and inventory replenishment between supply chain trading partners. 

Select correct option: 

 

 Production and purchase planning

 Demand and supply planning 

 Quantitative forecasting

 Demand management 

 

Question # 6 of 20 ( Start time: 08:35:17 PM )  Total Marks: 1 

Which one of the following is the overall objective of product and service design? 

Select correct option: 

 

 Customer satisfaction and variety

 Reliability and variety

 Quality and reliability

 Customer satisfaction and profitability

 

 

Question # 7 of 20 ( Start time: 08:36:14 PM )  Total Marks: 1 

Strategy design process in initiated by: 

Select correct option: 

 

 Corporate strategy

 Needs of the customer

 Operations Strategy

 All of the above

 

Question # 8 of 20 ( Start time: 08:36:47 PM )  Total Marks: 1 

The forecasting time horizon that would typically be easiest to predict would be: 

Select correct option: 

 

 Medium-range

 Long-range

 Short-range

 Intermediate range

 

Question # 9 of 20 ( Start time: 08:37:22 PM )  Total Marks: 1 

Which of the following is not the true representation the concept of time series model? 

Select correct option: 

 

 Exponential smoothing

 Moving averages

 Naïve approach

 Linear regression 

 

Question # 10 of 20 ( Start time: 08:38:14 PM )  Total Marks: 1 

Within the operations function, which one of the following is a long-term management decision? 

Select correct option: 

 

 Control decision

 Non-operational decision

 Strategic decision

 Tactical decision

 

Question # 11 of 20 ( Start time: 08:38:51 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

 

Question # 12 of 20 ( Start time: 08:39:17 PM )  Total Marks: 1 

Which one of the following is the most significant disadvantage of standardization? 

Select correct option: 

 

 Frozen designs

 Interchangeable parts

 Reduced variety

 Customized parts

 

Question # 13 of 20 ( Start time: 08:39:57 PM )  Total Marks: 1 

Which one of the following refers to a decision environment in which relevant parameters have known values? 

Select correct option: 

 

 Certainty

 Uncertainty

 Risk

 

 Bounded rationality

 

Question # 15 of 20 ( Start time: 08:41:23 PM )  Total Marks: 1 

OSHA stands for: which one of the following? 

Select correct option: 

 

 Occupational Safety Hygiene Administration

 Occupational Stock Hygiene Administration

 Occupational Safety Hygiene Agency

 Occupational Science Hygiene Administration

 

 

Question # 16 of 20 ( Start time: 08:42:04 PM )  Total Marks: 1 

Which one of the following is concerned in short term capacity needs? 

Select correct option: 

 

 Cycle

 Trends

 Seasonality

 Average

 

 

Question # 17 of 20 ( Start time: 08:42:58 PM )  Total Marks: 1 

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

Select correct option: 

 

 Time dimension

 Reliability factor

 Degree of accuracy

 Measuring units

 

Question # 18 of 20 ( Start time: 08:43:55 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

 

Question # 19 of 20 (Start time: 08:44:45 PM )  Total Marks: 1 

Which of the following is the main source of a poor decision making by the managers? 

Select correct option: 

 

 Failure to check their facts

 Failure to plan for unexpected events

 Failure to connect the problem to the overall strategy

 All of the above

 

Question # 20 of 20 ( Start time: 08:45:00 PM )  Total Marks: 1 

All of the following are steps in forecasting process EXCEPT: 

Select correct option: 

 

 Determine the purpose of the forecast

 Establish a time horizon

 Assigning weights to the criteria

 Monitor the forecast

 

 

MGT613_Solved_Online_Quiz_2_Spring_2013

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