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					    MGT613- Production / Operations Management Solved


                                                                          Marks: 50

                                Student Info
  StudentID:
   Center:                                   OPKST
  ExamDate:                           12/7/2009 12:00:00 AM



                          For Teacher's Use Only
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Q No.   33       34     35       36       37        38     39        40
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Q No.   41       42
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             Question No: 1   ( Marks: 1 )     - Please choose one

Who developed the use of standardization in large-scale mass production
                   using a moving assembly line?

                       ► Frederick Winslow Taylor

                              ► Frank Gilbreth

                              ► Adam Smith

                               ► Henry Ford
             Question No: 2   ( Marks: 1 )   - Please choose one

The management of systems or processes that creates goods and provides
                        services is known as:

                         ► Operation Management

                   ► Operation/production Management

                   ► Operation/Research Management

                   ► Production/Research Management

             Question No: 3   ( Marks: 1 )   - Please choose one

   Which of the following statements corresponds to an order-winning
                             characteristic?

   ► A factor which may be significant in other parts of the organization

          ► A factor which gives an organization a competitive edge

      ► A factor which serves as a minimum standard for purchase

      ► A factor which increases the profitability of the organization

             Question No: 4   ( Marks: 1 )   - Please choose one

 Which one of the following correctly explains the quantitative forecasting
                                technique?

► It consists mainly of numerical descriptions and resist subjective inputs
                              of managers.

 ► It consists mainly of subjective inputs and resist particular numerical
                              descriptions.

► It consists mainly of subjective inputs and resisit human factor, personal
                                  opinions.

  ► It consists mainly of analyzing objective and hard data and resist human
                                 factor, opinion.

             Question No: 5   ( Marks: 1 )   - Please choose one
Which one of the following is a pessimistic approach in decision making
                                 theory?




                                 ► Maximin

                                 ► Maximax

                            ► Minimax regret

                                 ► Laplace

           Question No: 6   ( Marks: 1 )    - Please choose one

In which one of the following decision environments it is impossible to
           assess the likelihood of various future events?

                                   ► Risk

                        ► Bounded rationality

                                 ► Certainty

                             ► Uncertainty

           Question No: 7   ( Marks: 1 )    - Please choose one

                            Given the table:

                  Alternatives  Possible future demand
                                Low (Rs.) High (Rs.)
                 Small facility  10,000         8,000
                Medium facility 12,000         20,000
                 Large facility  18,000        15,000



   Which one of the following is the correct payoff under LAPLACE
                             approach?

                                 ► Rs. 9,000
                                 ► Rs. 16,000

                                 ► Rs. 33,000

                                 ► Rs. 16,500

             Question No: 8    ( Marks: 1 )    - Please choose one

  Which one of the following is an index used to measure actual output
                       relative to design capacity?



                                 ► Efficiency

                              ► Effective capacity

                               ► Effectiveness

                                 ► Utilization

             Question No: 9    ( Marks: 1 )    - Please choose one

 Effective capacity is influenced by all of the following factors EXCEPT:




                                 ► Facilities

                                ► Product mix

                                 ► Processes

                                ► Operations

            Question No: 10     ( 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: 11    ( Marks: 1 )   - Please choose one

 Which of the following terms of financial analysis are important for the
     organization to proceed with a capacity alternative decision?



                       ► Cash flow and fixed cost

                     ► Present value and fixed cost

                      ► Cash flow and present value

                         ► Cash flow and profit

           Question No: 12    ( Marks: 1 )   - Please choose one

  The process selection should take into account all of the following
                             EXCEPT:

                          ► Capacity planning

                       ► Design of work systems

                         ► Production forecasts

                       ► Selection of technology

           Question No: 13    ( 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: 14    ( Marks: 1 )   - Please choose one
Assembly lines relate most closely to a:




         ► Functional layout

           ► Product layout

           ► Process layout

        ► Departmental layout

				
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