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MGT613 - Production / Operations Management VU Online Quiz No. 04 Solution and Discussion Fall 2013 Due Date: Feb 20, 2014 11:59 PM

MGT613 - Production / Operations Management  VU Online Quiz No. 04 Solution and Discussion Fall 2013 Due Date:  Feb 20, 2014 11:59 PM




Dear Students!

This is to inform that Quiz) No. 04 will be opened on 

Feb 19, 2014 12:00 AM

Last date for posting your discussion will be  Feb 20, 2014 11:59 PM

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The main elements of JIT comprises of:
Select correct option:
Continuous improvement
Eliminating waste
Set-up time reduction
All of the given

Which of the followings can be considered as true for the JIT philosophy?
Select correct option:
JIT is also known as lean production
JIT is the true pull (demand) system
JIT operates with very little “fat”
All of the given

Which one of the followings can be considered as true with regard to the cost based pricing model of negotiation strategy?
Select correct option:
Prices are based upon vendor costs
Prices float based on what the customer is willing to pay
Potential vendors each submit quotations as to price, delivery, and so on
Prices are based in some way upon market standards agreed to by both vendor and purchaser

The main advantage of holding the inventory mainly in the manufacturing organizations is:
Select correct option:
Greater availability
Material handling reduced
Improved quality
Reduced obsolescence

Reduced space requirements, reduced inventory investment, and reduced lead times, are the benefits of which of the followings?
Select correct option:
Lean system
Re engineering
Continuous improvement

Disintermediation is reducing one or more steps in a supply chain by cutting out:
Select correct option:
1. Fixed costs
2. Intermediaries
3. Supplies
4. Both 1 & 2

JIT is a philosophy of continuous improvement that puts emphasis on prevention rather than:
Select correct option:
Employee motivation
All of the given

Which of the following is a computerized info system developed specifically to aid in managing dependent demand inventory and scheduling replenishment orders.
Select correct option:
Master Production Schedule
Material Requirements Planning
Material Replenishment Planning
Inventory Management Schedule

Which of the following is not the distinctiveness of just in time suppliers?
Select correct option:
Short term contract agreements
The purchaser actually helping the supplier to meet the quality requirements
Scheduling inbound freight
Minimal release paperwork

When operations manager focuses on their organization’s competitive advantage they aim for consistent quality with reductions in inventory and:
Select correct option:
Low cost of production
Decreases in productivity
Employee motivation

An effective JIT effort should result in increased
Select correct option:
Queue time
Delay time

Process change-over reduction, inventory reduction, and reduced scheduling effort can be categorized as the benefits of:
Select correct option:
Effective management
HR policies

Report that demonstrates the resource requirements of a manufacturing unit for all presently allocated work as well as all planned and expected orders is a
Select correct option:
Closed loop report
Load report
MRP II report

CPFR process starts with Front-end agreement and ends up with:
Select correct option:
Order generation / delivery execution
Order cancellation

“Minimize resources needed for Design and Manufacturing” This statement can be categorized among the goals of:
Select correct option:
Re engineering
JIT system
Employee motivation
Strategic Manufacturing

The central themes that the surrounding Just-In-Time (JIT) system is:
Select correct option:
Simplicity, quality, elimination of waste
Simplicity, quality, increase of waste
Complexity, quality, increase of waste
All of the given

Goals of JIT partnerships include
Select correct option:
Elimination of all in-plant inventories
Complete backwards vertical integration
Elimination of all activities
Elimination of in-transit inventory

The applications of lean manufacturing include the followings:
Select correct option:
Lean Healthcare Systems
Lean Software Manufacturing
Lean Systems in Defense Industry
All of the given

In operations management when we use the term vertical integration we basically mean to:
Select correct option:
Produce goods or services previously purchased
Develop the ability to produce the specified good more efficiently
Sell all products to every member of your customer chain simultaneously
Develop the ability to produce products that complement or supplement the original product

Among the following which one is a JIT scheduling tactic?
Select correct option:
Move goods through the plant in larger batches but produce them in small batches
Use the same purchase order form with each order that is placed
Produce in large batches
Level schedules

Question # 1 of 15 ( Start time: 02:59:52 PM ) Total Marks: 1 
Which one of the following is true about Taguchi approach? 
Select correct option: 

To test the robustness of a design 
To articulate the “voice of the customer” 
To reduce the degree of automation 
To create a concurrent design 

Question # 2 of 15 ( Start time: 03:01:17 PM ) Total Marks: 1 
Forecasts help managers by reducing the degree of: 
Select correct option: 

Question # 3 of 15 ( Start time: 03:01:49 PM ) Total Marks: 1 
OSHA stands for: which one of the following? 
Select correct option: 

Occupational Safety Hygiene Administration p#46 
Occupational Stock Hygiene Administration 
Occupational Safety Hygiene Agency 
Occupational Science Hygiene Administration 

Question # 4 of 15 ( Start time: 03:03:18 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 p#15 

Selecting the market segment 
Competitor’s distinctiveness 
Question # 5 of 15 ( Start time: 03:04:52 PM ) Total Marks: 1 
Which one of the following correctly represents a set of time series forecats? 
Select correct option: 

Averaging, cycle, seasonality, random variations 
Trend, seasonality, exponential smoothing 
Trend, cycle, seasonality, moving average 
Trend, cycle, seasonality, random variations 
Question # 6 of 15 ( Start time: 03:06:21 PM ) Total Marks: 1 
Which one the following formula or function can be used to measure the performance? 
Select correct option: 

Flexibility + profit+ operations 
Work + profit + value 
Quality + speed + flexibility 
Profit + Incentives + standards 
Question # 7 of 15 ( Start time: 03:07:49 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: 

Choose a forecasting technique. 
Determine the purpose of the forecast. 
Set up a time horizon or a time limit 
Collect and analyze the appropriate data. 
Question # 8 of 15 ( Start time: 03:09:20 PM ) Total Marks: 1 
Which ONE of the following forms a bridge between two islands of Engineering and 
Select correct option: 

Production Engineering 
Operations Management 
Industrial Management 
Operations Engineering Question # 9 of 15 ( Start time: 03:10:48 PM ) Total Marks: 1 
Characteristics like taste, feel, expertise, image or reputation relates to -----------. 
Select correct option: 

Subjective inputs 
Objective inputs 
Quantitative technique 
None of the given options 
Question # 10 of 15 ( Start time: 03:12:06 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 
Question # 11 of 15 ( Start time: 03:12:46 PM ) Total Marks: 1 
Which of the following forecasting technique is used when introducing new products, 
services, new features and new packaging? 
Select correct option: 

Quantitative technique 
Associative model 
Focus group 
Judgmental forecast 
Question # 12 of 15 ( Start time: 03:13:48 PM ) Total Marks: 1 
Which of the following statements describes an order-qualifier characteristic? 
Select correct option: 

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 # 13 of 15 ( Start time: 03:15:13 PM ) Total Marks: 1 
Which one of the following mathematical expressions can be used to compute 
Select correct option: 

Question # 14 of 15 ( Start time: 03:15:45 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: 

Question # 15 of 15 ( Start time: 03:16:24 PM ) Total Marks: 1 
Following are all examples of distinctive competencies EXCEPT; 
Select correct option: 


Mera Quiz...sorry yar previous uploaded files m sy kuch b nhi tha ....boht khrus kisam ka tutor h mrva dy ga lgta h



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