MGT613 Quiz # 2

 

Question # 10 of 10 ( Start time: 02:30:29 AM )           Total Marks: 1

Which of the following functions of an organization consists of all activities directly related to production of a good or service?

Select correct option:

            Operations

            Marketing

            Accounting

            Finance

Question # 9 of 10 ( Start time: 02:29:02 AM )             Total Marks: 1

How can you compute the cost of subcontracting?

Select correct option:

            Subcontracting cost per unit – subcontracted quantity

            Subcontracting cost per unit + subcontracted quantity

            Subcontracting cost per unit × subcontracted quantity

            Subcontracting cost per unit /subcontracted quantity

Question # 8 of 10 ( Start time: 02:27:42 AM )             Total Marks: 1

Six Sigma is primarily centered towards all of the following except: 

Select correct option:

            Cost cutting

            Continuous improvement

            Time saving

            Quality improvement

Question # 7 of 10 ( Start time: 02:26:25 AM )             Total Marks: 1

Which ONE of the following statement correctly explains the difference between operations management (OM) and operations research (OR)?

Select correct option:

            OM relies on mathematical modeling and OR focus on practical scenarios.

            OM is more powerful to improve the whole system OR relies on mathematical modeling.

            OM is relies on practical scenarios and Or relies on Mathematical modeling.

            OM relies on mathematical modeling and OR is considered to be one of the critical tools of mangers.

Question # 6 of 10 ( Start time: 02:24:53 AM )             Total Marks: 1

What would be the total cost of inventory if a firm holds 200 units of a product ‘A’,where the carrying cost is Rs. 2 per unit? 

Select correct option:

            Rs. 202

            Rs. 100

            Rs. 198

            Rs. 400

Question # 5 of 10 ( Start time: 02:23:31 AM )             Total Marks: 1

Which one of the following is a productivity measure based on all inputs?

Select correct option:

            Capital productivity

            Multifactor productivity

            Partial productivity

            Total productivity

Question # 4 of 10 ( Start time: 02:22:04 AM )             Total Marks: 1

If a firm subcontracts 300 units of a product ‘A’, with the subcontracting cost of Rs. 3 per unit. What would be the total subcontracting cost?

Select correct option:

            Rs. 900

            Rs. 100

            Rs. 297

            Rs. 303

Question # 3 of 10 ( Start time: 02:21:25 AM )             Total Marks: 1

Which one of the following formula can be used to compute break even point? 

Select correct option:

            Q = FC / (R + VC)

            Q = VC / (R + FC)

            Q = VC / (R - VC)

            Q = FC / (R - VC)

Question # 2 of 10 ( Start time: 02:20:00 AM )             Total Marks: 1

Which one of the following is an implication of laplace approach of decision making?

Select correct option:

            The best of the worst possible payoff

            The best possible payoff

            The best average payoff

            The least of the worst regrets

Question # 1 of 10 ( Start time: 02:18:37 AM )             Total Marks: 1

In statistical process control, some tools are used primarily to detect production of defective products / services or process changes. What those tools are known as? 

Select correct option:

            Regression charts

            Pareto charts

            Control charts

            Histograms

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