MGT613 Midterm MCQs 2024 by Miss Mehwish

MGT613 (Mega File) · Mid Term (Live Quiz) · Past Papers for Mids./Finals are also Available

. Which one of the following refers to using some of the components of old products in the manufacture of new products?

✅ Remanufacturing ❌ Robust design ❌ Automation

2. The frequency of capacity choice decisions is influenced by all of the following factors EXCEPT: ❌ Technological changes ❌ Cost factor ❌ Competitive forces ✅ Stability of demand

Q3. OSHA stands for: which one of the following?

4. The total weight assigned to actual occurrences should be equal to:

✅ 1

5. More routine purchasing, handling, and inspection is an example of:

❌ None of the above ✅ Standardization ❌ Mass Customization ❌ Customization

Q6. Which one of the following is the overall objective of product and service design?

✅ Customer satisfaction and profitability ❌ Reliability and variety ❌ Customer satisfaction and variety ❌ Quality and reliability

Q7. Which of the following is a technique for fitting a line to a set of points?

✅ Regression ❌ Cycle ❌ Trend

Q8. CBR stands for which one of the following?

❌ Central Board of Renovation ❌ Commercial Board of Revenue ✅ Central Board of Revenue ❌ Central Board of Recycling

9. Most of the organizations adopt a defensive design R&D Strategy in an attempt to prolong the life of the product by employing new packaging, redesigning it, improving its reliability. This is __________ phase in the product life cycle. ❌ Decline ❌ Saturation ✅ Maturity ❌ Growth

10. In exponential smoothing model, a denotes:

❌ Previous forecast ❌ Forecast error ✅ Smoothing constant ❌ Actual forecast

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?

⬜ Trend adjusted forecast

✅ Simple moving average

Q2. Which one of the following operating levels is best with respect to capacity?

⬜ The level of capacity for which average unit cost is minimized ⬜ The maximum point of the cost curve ⬜ The level of capacity for which average unit cost is maximized ✅ The level of capacity for which total cost is minimized