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2. Make or buy decisions have to be taken to meet the varying demands to smoothen
deficits or excesses by two well known methods namely –
product/service.
d. is made somewhat easier because there is usually a strong consensus about which
of several competing technologies will win out and which product attributes will
ultimately gain the most buyer favor.
a. Administering the reward system with scrupulous care and fairness and avoiding
skirting the system to find ways to reward non-performers Keeping the time
between performance reviews and payment of the rewards short and having
compensation incentives that extend to most all managers and all workers
b. Making sure that the performance targets that each individual is expected to
achieve involve outcomes that the individual can affect
c. A reward system that involves 50 percent non-monetary rewards, a work
environment that avoids placing pressure on managers and employees to achieve
high performance levels, and incentives for performance that do not exceed 20% of
total compensation
c. Automation.
d. Global competition.
Unit4 - 2 Mark Quiz Questions
1. Among the following, all are advantages of specialization except:
a. learning effect.
b. motion study
c. simo chart.
d. methods analysis.
3. Task times derived from a firms historical data are known as:
a. predetermined times.
a. time study.
b. work sampling
c. motion study.
d. methods analysis.
Unit5 - 2 Mark Quiz Questions
1. In a Muthers grid, which closeness rating reflects indifference on the nearness or
lack of nearness of two departments?
a. - U
b. - E
c. - I
d. - A
a. 2x + 2y
b. 2x - y
c. 2x + 4y
d. 2x + y
a. Divisibility
b. Certainty
c. Linearity
a. Decision variable
b. Shadow price
c. Parameter
d. Constraint
Unit6 - 2 Mark Quiz Questions
1. A run chart would be used to:
2. Giving workers responsibility for quality improvements and authority to make changes
is known as:
a. delegation
b. continuous improvement
c. benchmarking
d. employee empowerment
a. Brainstorming
b. Control charts
c. Pareto analysis
d. Check sheets
d. entails trying to wrest market share away from rivals via extra advertising, above-
average expenditures for promotional programs, and heavy use of point-of-sale
merchandising techniques.
a. is the most attractive of all the competitive strategies because it combines the best
features of the four other generic types of competitive strategies.
b. is the easiest of the five generic types of competitive strategies to copy or imitate.
c. is almost always more profitable than focused or market niche strategies because
of the potential for creating a much bigger competitive advantage but is the hardest
b. both false
c. both true
d. true and false respectively
P Scope X It refers to the
manpower,machinery,money
and materials required in the
project
Q Resource Y it refers to the various
parameters that affect the
project in its planning,
formulation and executions
R Project Cost Z it is the budgeted
expenditure of the project
.
a. P-X, Q-Z, R-Y
3.Two of the process groups are initaiting processes and controlling processes.
i) initiating process - recognition to start and establishing commitment.
ii) controlling processes - formalizing acceptiace and bringing project to an ordelry end.
The statements are -
a. 27 days
b. 43 days
c. 37 days
d. 18 days
2.At a node 15 there are 4 predecessors. EST wrt each of the 4 predecessors is
35,32,30,31 days. What is the EST of the node 15?
a. 35 days
b. 30 days
c. 32 days
d. 31 days
a. 0 day
b. 0.5 day
c. 2 days
d. 1 day
2. The agenda for a review should be well structured in terms of ___ and ___
3. The team should exhibit better control of their project ____ and then demonstrate
better control about business ____
Choose one answer.
a. prospects, expandability
b. portfolio, prospects
c. prospects, growth
d. portfolio, profitability
4.___ and ___ are well established certification systems, several world organizations are
now working on P-CMM and total quality assurance.
a. Safety stock
b. Expected demand minus safety stock.
c. Expected demand plus safety stock.
2. If the cost of replacing a defective spray paint can once it has been shipped is $2.00,
while the cost of 100% inspection prior to shipment is $.40 each, what is the indifference
point between 100% inspection or shipment without any inspection?
a. 0% defectives
b. 2% defectives
c. 5% defectives
d. 20% defectives
3. In a reorder point model the daily demand rate is normally distributed with a mean of
50 units and a standard deviation of 5 units. The lead time is 9 days, Q = 500 units, and
the lead time service level (LTSL) is 90%. What are approximate values for Safety Stock
and Reorder Point?
a. 6, 469
b. 19, 69
c. 4, 69
d. 19, 469
a. The lot size, the sample size, and the acceptance number.
b. The sample size, the acceptance number, and the average outgoing quality limit.
c. The sample size, the acceptance number, and the lot tolerance percent defective.
d. The lot size, the sample size, and the lot tolerance percent defective.
Unit13 - 2 Mark Quiz Questions
1. Which is not a benefit of small lot sizes?
a. product design
b. customized parts
c. manufacturing planning and control
d. process design
c. training employees
d. inventories
a. Management by consensus
b. Waiting lines
c. Short lead times
d. Reduced space requirements
Unit14 - 2 Mark Quiz Questions
1. Given this frequency distribution, the random number 30 would be interpreted as:
Demand 0 1 2 3 Frequency 11 29 30 30
a. 1
b. 3
c. 0
d. 2
2. Random means:
a. Chance
b. normal
c. empirical
d. exponential
3. The main reason that a large number of runs of a simulation would be made is:
a. It is a form of sampling, and large samples give more accurate results than small
samples.
b. It is part of the scientific approach.
c. Computers are usually used, and they can easily handle large runs.
d. Large run sizes are more apt to provide optimal answers.
a. deterministic
b. empirical
c. optimal
d. descriptive
Unit15 - 2 Mark Quiz Questions
1. A companys best chance to achieve sustainable competitive advantage
a. is by having a shorter, more economical value chain than rivals.
b. is linked most closely to its ability to sell at a lower price than rivals.
c. is grounded in the caliber of its product or service (because superior products or
services are almost impossible to clone or improve upon).
d. is usually grounded in building competencies and capabilities critical to market
success and pleasing customers-in particular, building competencies and