MGT613 Production / Operations Management Spring 2009 Final Term Paper

[viki]

FINALTERM EXAMINATION
Spring 2009
MGT613- Production / Operations Management

Question No: 1 ( Marks: 1 ) - Please choose one
Which one of the following forms of productivity has units of output per dollar input?

• Capital
  
• Energy
  
• Labor
  
• Machine
  

Question No: 2 ( Marks: 1 ) - Please choose one
An organization has describe its distinctive characteristic now what is the next step in
strategy formulation process?

• Competitor s distinctiveness
  
• Selecting the market segment
  
• Environmental scanning
  
• Productivity Measures
  

Question No: 3 ( Marks: 1 ) - Please choose one
Which one of the following correctly explains the quantitative forecasting technique?

• It consists mainly of numerical descriptions and resist subjective inputs of managers.
  
• It consists mainly of subjective inputs and resist particular numerical descriptions.
  
• It consists mainly of subjective inputs and resisit human factor, personal opinions.
  
• It consists mainly of analyzing objective and hard data and resist human factor, opinion.
  

Question No: 4 ( Marks: 1 ) - Please choose one
Which one of the following factors provides a basis for comparing alternative forecasting
techniques?

• Time dimension
  
• Reliability factor
  
• Degree of accuracy
  
• Measuring units
  

Question No: 5 ( Marks: 1 ) - Please choose one
Given the table:


  613.jpg (Size: 23.9 KB / Downloads: 114)
Which one of the following is the correct payoff under MINIMAX regret approach?

• Rs. 12,000
  
• Rs. 6,000
  
• Rs. 5,000
  
• Rs. 16,000
  

Question No: 6 ( Marks: 1 ) - Please choose one
Which one of the following formulae can be used to compute break even point?

• Q = VC / (R - VC)
  
• Q = FC / (R - VC)
  
• Q = VC / (R + FC)
  
• Q = FC / (R + VC)
  

Question No: 7 ( Marks: 1 ) - Please choose one
Which one of the following is used to produce gasoline and petroleum products?

• Job Shop
  
• Batch processing
  
• Assembly line
  
• Continuous processing
  

Question No: 8 ( Marks: 1 ) - Please choose one
Which of the following statements would generally be considered as correct job shop?

• A continuous process has lower output volume as compared to job shop
  
• Equipment flexibility is lower in job shop than that of a continuous process
  
• Labour costs are higher in a Job Shop operation than in most other processes
  
• Batch processing produces a more standard range of products than continuous flow processes
  

Question No: 9 ( Marks: 1 ) - Please choose one
Product life cycle is based on which of the following components?

• Place
  
• Demand
  
• Supply
  
• Price
  

Question No: 10 ( Marks: 1 ) - Please choose one
Which one of the following is the goal of work sampling?

• Individual human motions that are used in a job task
  
• Determining the length of time it will take to undertake a particular task
  
• Determining the amount of time a worker spends on various activities
  
• Specifying the content and methods to perform a job
  

Question No: 11 ( Marks: 1 ) - Please choose one
Forecasting for groups tend to be more accurate than forecasting for individual items
because:

• A group is compose of a number of items
  
• A group exhibits a uniform behavior
  
• Forecasting errors among items in a group have a canceling effect
  
• A group behavior is relatively less uncertain
  

Question No: 12 ( Marks: 1 ) - Please choose one
Which one of the following is an example of site related factors that affect location
decision?

• Transportation
  
• Quality of life
  
• Location of new markets
  
• Location of raw materials
  

Question No: 13 ( Marks: 1 ) - Please choose one
Who emphasized quality in terms of inspection and gauging?

• G.S. Radford
  
• W. Shewhart
  
• F.W. Taylor
  
• W.E. Demig
  

Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following word is the meaning of the term Poka Yoke ?

• Mistake proof
  
• Low quality
  
• Defective
  
• Expensive
  

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following statement defines process re-design?

• It is collecting information, identifying each step and finding inputs and outputs of process
  
• It is collecting information about cost reduction and improving the defects
  
• It relates to asking questions about process flow and identifying missing or duplicating activities
  
• It relates with taking a fresh approach to solve an issue on hand
  

Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following statement defines process analysis?

• It is collecting information, identifying each step and finding inputs and outputs of process
  
• It is collecting information about cost reduction and improving the defects
  
• It relates to asking questions about process flow and identifying missing or duplicating activities
  
• It relates with taking a fresh approach to solve an issue on hand
  

Question No: 17 ( Marks: 1 ) - Please choose one
The well-known Deming wheel is also referred to as:

• Juran s cycle
  
• Crosby s cycle
  
• Ishikawa s cycle
  
• Shewhart s cycle
  

Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following refers to the inherent variability in a process?

• Control limits
  
• Process capability
  
• Chance causes of variation
  
• Assignable causes of variation
  

Question No: 19 ( Marks: 1 ) - Please choose one
Which of the following refers to a variation resulted from an identifiable cause?

• Random variation
  
• Regular variation
  
• Irregular variation
  
• Assignable variation
  

Question No: 20 ( Marks: 1 ) - Please choose one
Which of the following refers to the average of accepted lots and rejected lots?

• Acceptable Quality Level (AQL)
  
• Lot Tolerance Percent Defective (LTPD)
  
• Average Outgoing Quality (AOQ)
  
• Average Outgoing Quality Limit (AOQL)
  

Question No: 21 ( Marks: 1 ) - Please choose one
If the costs of inspection are higher than costs of obtaining the sample ____________
sampling should be used.

• Random
  
• Single
  
• Double
  
• Multiple
  

Question No: 22 ( Marks: 1 ) - Please choose one
Identify the set of factors that affect the choice of a strategy for aggregate planning.

• Cost and corporate policy
  
• Cost and location analysis
  
• Cost and capacity constraints
  
• Cost and training of employees
  

Question No: 23 ( Marks: 1 ) - Please choose one
Which of the following mathematical expressions can be employed to compute backorder
cost?

• Backorder cost per unit + number of backordered units
  
• Backorder cost per unit - number of backordered units
  
• Backorder cost per unit ÷ number of backordered units
  
• Backorder cost per unit × number of backordered units
  

Question No: 24 ( Marks: 1 ) - Please choose one
What would be the total cost of inventory, if a firm holds 600 units of a product A ,
where the carrying cost is Rs. 3 per unit?

• Rs. 200
  
• Rs. 1800
  
• Rs. 597
  
• Rs. 603
  

Question No: 25 ( Marks: 1 ) - Please choose one
What would be the total backorder cost, if 400 units of a product A are ordered back
where the back order cost is Rs. 4 per unit?

• Rs. 100
  
• Rs. 396
  
• Rs. 404
  
• Rs. 1600
  

Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following is an advantage of perpetual inventory system?

• Periodic review of inventory
  
• Economies in shipping orders
  
• Fixed order quantity
  
• Low cost of record keeping
  

Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following refers to the costs incurred to get the equipment ready for the next
job?

• Accepting cost
  
• Holding cost
  
• Shortage cost
  
• Setup cost
  

Question No: 28 ( Marks: 1 ) - Please choose one
Which one of the following mathematical expressions can be employed to compute
annual carrying cost?

• (Q-2)H
  
• (Q+2)H
  
• (Q÷2)H
  
• (Q×2)/H
  

Question No: 29 ( Marks: 1 ) - Please choose one
According to ABC classification system for inventory management, which of the
following groups of items represents high value inventory items?

• Group A
  
• Group B
  
• Group C
  
• Group X
  

Question No: 30 ( Marks: 1 ) - Please choose one
All of the following are common types of inventories Except:

• Raw material
  
• Work in transit
  
• Work in progress
  
• Scrapped work
  

Question No: 31 ( Marks: 1 ) - Please choose one
EPP stands for which of the following?

• Economic Part Period
  
• Economic Production Period
  
• Equal Production Period
  
• Equal Part Period
  

Question No: 32 ( Marks: 1 ) - Please choose one
ERP stands for which of the following?

• Enterprise Resource Planning
  
• Enterprise Requirements Planning
  
• Equal Resource Planning
  
• Equal Requirements Planning
  

Question No: 33 ( Marks: 1 ) - Please choose one
JIT stands for which of the following?

• Just In Time
  
• Just In Test
  
• Job In Time
  
• Job Inventory Time
  

Question No: 34 ( Marks: 1 ) - Please choose one
Which of the following is widely accepted as an effective planning method of all
resources of a manufacturing firm?

• Enterprise Resource Planning
  
• Material Requirements Planning
  
• Material Requirements Planning I I
  
• Master Production Schedule
  

Question No: 36 ( Marks: 1 ) - Please choose one
EDI stands for which of the following?

• Enterprise Data Interchange
  
• Economic Data Interchange
  
• Equal Data Interchange
  
• Electronic Data Interchange
  

Question No: 37 ( Marks: 1 ) - Please choose one
Which of the following is a system for inventory management and distribution planning?

• Electronic Data Interchange (EDI)
  
• Enterprise Resource Planning (ERP)
  
• Distribution Resource Planning (DRP)
  
• Materials Resource Planning (MRP)
  

Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following refers to an area where a person works with special equipment on
a specialized job?

• Workshop
  
• Work area
  
• Workplace
  
• Workstation
  

Question No: 39 ( Marks: 1 ) - Please choose one
Which of the following is TRUE
about a project activity?

• It is a unique, one-time activity
  
• It is static in nature
  
• It is often simple to outline
  
• It is a set of unrelated tasks
  

Question No: 40 ( Marks: 1 ) - Please choose one
Successful project management includes all of the following factors EXCEPT:

• Interchangeable staff
  
• Competent team members
  
• Responsiveness to clients
  
• Control mechanisms
  

Question No: 41 ( Marks: 1 ) - Please choose one
Network activities are used to determine all of the following EXCEPT:

• Expected project duration
  
• Slack time
  
• Critical path
  
• Budgeted cost
  

Question No: 42 ( Marks: 1 ) - Please choose one
Which of the following is a descriptive technique that is used by a decision maker to
evaluate the behavior of a model under various conditions?

• Linear programming
  
• Simulation
  
• Critical path method
  
• Program evaluation and review technique
  

Question No: 43 ( Marks: 3 )
Explain the importance of employee empowerment in TQM.

Question No: 44 ( Marks: 3 )
What would be the annual ordering cost, if annual demand is 300 units where the
order size is 250 units and ordering cost is Rs. 10 per order?
Note: Provide answer with complete working. Failure to show working will result in
deduction of marks.

Question No: 45 ( Marks: 3 )
Gantt charts are of various types. Give a brief description about al least two types of
Gantt charts.

Question No: 46 ( Marks: 5 )
"Six sigma is related to quality improvement" Elaborate this statment.

Question No: 47 ( Marks: 5 )
MRP (Materials Requirement Planning) processing is made up of various
components. Explain some of them.

Question No: 48 ( Marks: 10 )
Implementation of six sigma aims at reducing defects. What could be the various
obstacles in implementing Six Sigma?

Question No: 49 ( Marks: 10 )
Double sampling plan is better than the single sampling plan. Elaborate some of the
features of double sampling plan and how it takes care of the limitation of single
sampling plan.

[Xpert]

Good sharing. I hope it will help students a lot.