MGT613 Quiz # 3

Question # 10 of 10 ( Start time: 08:07:52 PM )            Total Marks: 1

How organizations assure that the designed strategy is giving the required output or results?

Select correct option:

            Increase in demand of the product

            By measuring the productivity

            Environmental scanning

            Raw materials are effectively used

Question # 9 of 10 ( Start time: 08:06:34 PM ) Total Marks: 1

G.S.Radford demonstrated the connections between: 

Select correct option:

            High quality, decreased quality and higher cost

            High quality, increased quality and higher cost

            High quality, decreased quality and lower cost

            High quality, increased quality and lower cost

Question # 8 of 10 ( Start time: 08:06:00 PM ) Total Marks: 1

A gradual, long term upward or downward movement in data is referred to as:

Select correct option:

            Cycle

            Trend

            Seasonality

            Random variation

Question # 7 of 10 ( Start time: 08:04:49 PM ) Total Marks: 1

Which of the following denotes EOQ?

Select correct option:

            Economic Order Quantity

            Equal Order Quantity

            Economic Output Quantity

            Equal Output Quantity

Question # 6 of 10 ( Start time: 08:03:31 PM ) Total Marks: 1

Generally most of the values in control charts fall within which range of standard deviation? 

Select correct option:

            +/- 1

            +/- 3

            +/- 4

            +/- 5

Question # 5 of 10 ( Start time: 08:02:08 PM ) Total Marks: 1

___________ is a philosophy of continually seeking ways to improve operations

Select correct option:

            Poke – yoke

            Kaizen

            Robustness

            Quality deployment

Question # 4 of 10 ( Start time: 08:00:47 PM ) Total Marks: 1

Which of the following location alternative is suitable to attract more customers for retail business?

Select correct option:

            To expand the existing facility

            To add new locations while retaining the existing ones

            To shift to a new location while shutting down the previous

            To do nothing

Question # 3 of 10 ( Start time: 07:59:26 PM ) Total Marks: 1

Lot sizing determines the ____ and ____ of order quantity 

Select correct option:

            Timing, date

            Date, size

            Timing, size

            Size, price

Question # 2 of 10 ( Start time: 07:58:03 PM ) Total Marks: 1

Organizational strategies relate to which of the following sets of factors?

Select correct option:

            Survival, profitability, growth rate and market share

            Profitability, survival, lead times and target market

            Quality, operating resources, growth rate and market share

            Scheduling, profitability, lead times and survival

Question # 1 of 10 ( Start time: 07:56:37 PM ) Total Marks: 1

Which of the following is an advantage of perpetual inventory system?

Select correct option:

            Periodic review of inventory

            Economies in shipping orders

            Fixed order quantity

            Low cost of record keeping

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