MGT613 New Quiz

 

Question # 10 of 10 ( Start time: 08:31:55 PM )            Total Marks: 1

Which one of the following is NOT a business application of forecasting?

Select correct option:

            Budgeting

            Capacity planning

            Inventory management

            Quality control

Question # 9 of 10 ( Start time: 08:30:30 PM ) Total Marks: 1

Which one of the following is used to generate consensus forecast?

Select correct option:

            Delphi method

            Time series method

            Exponential smoothing

            Associative model

Question # 8 of 10 ( Start time: 08:30:09 PM ) Total Marks: 1

Which one of the following forms of productivity has units of output per shift?

Select correct option:

            Capital

            Energy

            Labor

            Machine

Question # 7 of 10 ( Start time: 08:28:59 PM ) Total Marks: 1

What would be the output capacity if an assembly line operates for 7 hours per day with a cycle time of 2.0 minutes?

Select correct option:

            210 units per day

            3.5 units per day

            0.004 units per day

            14 units per day

Question # 6 of 10 ( Start time: 08:27:53 PM ) Total Marks: 1

For which of the following approaches, the forecast of any period equals the previous period’s forecast?

Select correct option:

            Delphi method

            Naïve forecast

            Associative model

            Judgmental forecast

In _________ sampling, one random sample is drawn from each lot 

Select correct option:

            Single

            Double

            Multiple

            None of the above

Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement?

Select correct option:

            Multifactor

            Partial

            Single

            Total

Question # 3 of 10 ( Start time: 08:22:35 PM ) Total Marks: 1

Which one of the following refers to the volume of output at which total cost equals total revenue?

Select correct option:

            Optimal operating rate

            Break even point

            Feasible volume

            Utilization

Question # 2 of 10 ( Start time: 08:21:11 PM ) Total Marks: 1

Generally an Operations Manager should NOT inspect the process for defects_________. 

Select correct option:

            Before the supply of finished goods

            Before a costly operation

            Before manufacturing high volume products

            Before purchasing raw material

Question # 1 of 10 ( Start time: 08:19:46 PM ) Total Marks: 1

Which one of the following location strategies follows a decentralized approach?

Select correct option:

            Product plant strategy

            Process plant strategy

            Market area plant strategy

            Cost conservation strategy

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