MGT613 Quiz

Shared By:- Muhammad Mohsin 

Question # 1 of 15 ( Start time: 08:56:47 PM )  Total Marks: 1 

_______________is the bringing together of engineering design and manufacturing personnel early in the design phase. 

Select correct option: 

Reverse engineering

Concurrent engineering

Manufacturability

Serviceability

Question # 2 of 15 ( Start time: 08:57:23 PM )  Total Marks: 1 

Manufacturability is the ease of fabrication and/or assembly which is important for: 

Select correct option: 

Cost and Productivity

Productivity and Quality

Cost and Quality

Cost, productivity and Quality

Question # 3 of 15 ( Start time: 08:58:48 PM )  Total Marks: 1 

Which of the following favors adopting a “go for it” strategy? 

Select correct option: 

 Maximin

 Maximax

Minimax regret

Laplace

Question # 4 of 15 ( Start time: 08:59:29 PM )  Total Marks: 1 

Which of the following statement is NOT correct with respect to models in operations management? 

Select correct option: 

Models are easy to use, less expensive

Models have specific objectives

 Models don’t have the standardized format

Models enables “what if” questions

 

Question # 11 of 15 ( Start time: 09:02:46 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

Question # 12 of 15 ( Start time: 09:04:05 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 # 13 of 15 ( Start time: 09:05:01 PM )  Total Marks: 1 

______________ is a wave like variations of more than one year’s duration. 

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Cycle

Trend

Seasonality

Random variation 

Question # 14 of 15 ( Start time: 09:05:30 PM )  Total Marks: 1 

All of the following are steps in forecasting process EXCEPT: 

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Determine the purpose of the forecast

Establish a time horizon

Assigning weights to the criteria

Monitor the forecast

Question # 15 of 15 ( Start time: 09:05:50 PM )  Total Marks: 1 

As the size of the smoothing constant increases: 

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More weight is put on historic demand data.

More weight is put on recent demand data.

The sensitivity of the model decreases.

The stability of the model increases.

Question # 1 of 15 ( Start time: 09:16:28 PM )  Total Marks: 1 

Following are all examples of distinctive competencies EXCEPT; 

Select correct option: 

Price

Quality

Planning

Flexibility

Question # 4 of 15 ( Start time: 09:17:48 PM )  Total Marks: 1 

Characteristics like taste, feel, expertise, image or reputation relates to -----------. 

Select correct option: 

Subjective inputs

Objective inputs

Quantitative technique

None of the given options

 

Question # 5 of 15 ( Start time: 09:18:54 PM )  Total Marks: 1 

Which of the following statements describes an order-qualifier characteristic? 

Select correct option: 

A competitive dimension used to make final decision among competitors

A factor which directly and significantly contribute to winning business

A factor which increases the profitability of the organization

A factor perceived as a minimum standard as a potential for purchase

 

    

Question # 8 of 15 ( Start time: 09:20:16 PM )  Total Marks: 1 

Which one of the following factors makes a forecast LESS perfect? 

Select correct option: 

Randomness

Non serious attitude

Non availability of data

Un qualified personnel