MGT613 Final Term Golden File

MGT613 – Production/Operation Management · Golden File · For: Final Term Exam Preparation · Remember us in your prayers · Quality of our File:

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As a project manager, your project has become lengthy enough and you have to spend more money to complete it quickly within time constraints, the activity is known as:

1. Rectifying time estimation
2. Project scope creeping
3. Project crashing
4. Project risk management

Correct answer: Project crashing

Which of the following refers to the inherent variability in a process?

1. Control limits
2. Process capability
3. Chance causes of variation
4. Assignable causes of variation

Correct answer: Process capability

Which of the following are the priorities emphasized most often in JIT system?

1. High quality and minimal wastage
2. Low cost and consistent quality
3. Low inventory and consistent material supply
4. Low cost and low inventory

Correct answer: Low cost and consistent quality

Identify the correct sequence of steps in Deming wheel.

1. Plan, Do, Check, Act
2. Plan, Check, Do, Act
3. Plan, Do, Act, Check
4. Plan, Act, Do, Check

Correct answer: Plan, Do, Check, Act

Which of the following is a type of kanban that authorizes the production of goods?

1. Supplier kanban
2. Material kanban
3. Withdrawal kanban
4. Production kanban

Correct answer: Production kanban

Product life cycle is based on which of the following components?

1. Price
2. Place
3. Demand
4. Supply

Correct answer: Demand

What would be the productivity if a machine produced 50 units in 3 hours?

1. 0.066 units per hr
2. 16.66 units per hr
3. 6.766 units per hr
4. 60.66 units per hr

Correct answer: 16.66 units per hr

Calculation: Productivity = 50/3 =16.66

Which of the following defines inventory turnover?

1. A ratio of cost of goods sold to the average inventory
2. A ratio of work in process to the average inventory
3. A ratio of cost of carrying cost to the average inventory
4. A ratio of cost of assets to the average inventory

Correct answer: A ratio of cost of goods sold to the average inventory

Which one the following is an assumption of center of gravity method?

1. The quantity to be shipped is variable
2. The quantity to be shipped is fixed
3. The quantity carries no value
4. The quantity to be shipped should be extraordinarily high

Correct answer: The quantity to be shipped is fixed

The quality guru Kaoru Ishikawa is famous for:

1. Statistical quality control
2. Fishbone diagram
3. Zero defects
4. Cost of quality

Correct answer: Fishbone diagram

Identify the dimension of quality that relates to the expected operational life of a product.

1. Durability
2. Performance
3. Serviceability
4. Reliability

Correct answer: Durability

Which one of the following forecasting techniques is used to identify a trend when data is neither growing nor declining rapidly and has no seasonal characteristics?

1. Simple moving average
2. Delphi method
3. Trend adjusted forecast
4. Naïve forecast

Correct answer: Simple moving average

Which of the following is the focus of statistical process control?

1. Determining the efficiency of an operations system
2. Measuring the amount of re-work required to rectify faulty goods
3. Identifying the security needs of an operations system
4. Measuring and controlling process variations

Correct answer: Measuring and controlling process variations

All of the following are the decision areas of an operations manager EXCEPT:

1. Inventory management
2. Scheduling tasks
3. Supply chain management
4. Financial reporting

Correct answer: Financial reporting

Which of the following refers to the average of accepted lots and rejected lots?

1. Acceptable Quality Level (AQL)
2. Lot Tolerance Percent Defective (LTPD)
3. Average Outgoing Quality (AOQ)
4. Average Outgoing Quality Limit (AOQL)

Correct answer: Average Outgoing Quality (AOQ)

Identify the set of factors that affect the choice of a strategy for aggregate planning.

1. Cost and corporate policy
2. Cost and location analysis
3. Cost and capacity constraints
4. Cost and training of employees

Correct answer: Cost and corporate policy