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MGT613 Quiz No. 02, Dec 07 to Dec 09, 2016

Here goes my 2nd Quiz.

By Juste

I have only saved the MCQ'S and my answers, didn't saved other options. Verify all answers yourself. Please share your quizzes as well.



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

Cost curve

*Bath tub curve

Fish bone diagram

Reliability curve


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


Capacity planning

Inventory management

*Quality control


In operations management the time required to react appropriately to a competitor’s strategies or technology up gradation is called:

*Planning time


As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process?

Collecting and analyzing the appropriate data

*Determining the purpose of the forecast

Choosing a forecasting technique

Setting up a time horizon or a time limit


Which one of the following management functions is based on forecasting?






Services differ from manufacturing in all the following ways EXCEPT:

Customers typically interact directly with the service delivery process

Consumption and production take place simultaneously.

Services are intangible.

*Services can be stored.


Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement?






The type of processing structure that is used for producing discrete products at higher volume is:

*Assembly Line


Job Shop


A term strategy is referred to as

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


“Business forecasting is only used for predicting demand”. This statement is

Totally right

*Totally wrong

Partially right

None of the above



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