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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.


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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?

Budgeting

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?

*Planning

Organizing

Leading

Controlling

 

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?

*Multifactor

Partial

Single

Total

 

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

*Assembly Line

Batch

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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