MGT613 Final Term Quizzes and Papers Mega File

MGT613 POMA · Composed By Faheem Saqib · A Mega File for Final Term Exams and Quizzes

MGT613- Production / Operations Management FINALTERM EXAMINATION

Paper-1 · 2010 · Total · questions:53 Subjective:5 · Time: · min Objective:48

Within the operations function, which one of the following is a long- term

management decision?

Control decision Non-operational decision

Strategic decision

Tactical decision *Strategic or institutional management* is the conduct of drafting, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives

Which one of the following forms of productivity is expressed as

dollar value

of output per kilowatt hour?

Capital

Energy

Labor Machine Page#19

Energy productivity: units of the output per kilowatt hour Rupee value of output per kilowatt hour

Which one of the following is an outcome of Maximax?

The best of the worst possible payoff

The best possible payoff

The best average payoff The least of the worst regrets Page#26

MAXIMAX

• Maximax determines
• The best possible outcome
• Choose the Alternative with the best possible payoff.
• It does not take into account any other alternative then the best payoff.
• An optimistic approach

Which one of the following is a possible disadvantage of a moving average

forecast?

The method is unable to forecast the demand accurately The method is easy to compute and easy to understand

All the values in the average are weighted equally

The most recent values are given the more weighted One disadvantage of using moving averages for forecasting is that in calculating the average all the observations are given equal weight (namely 1/L), whereas

we would expect the more recent observations to be a better indicator of the future (and accordingly ought to be given greater weight). Also in moving averages we only use recent observations, perhaps we should take into account all previous observations.

Which of following statement is true about effective capacity?

It is the actual output achieved It is always less then actual output

It is the maximum output that a firm can produce

It is always less than designed capacity Design capacity > effective capacity > acutal capacity Design capacity is the max capacity which a firm can attain. effective capacity is max capacity which a firm can produce. Actual capacity is capacity which any firm actual produce.

Which one of the following is the correct order of layout types from low

volume/high variety to high volume/low variety?

Fixed position, process, cell, product Fixed position, cell, process, product Fixed position, process, product, cell

Process, fixed position, cell, product

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