--I have gone through the different solved contents and found the following Mistakes. Any Body can correct if I am wrong.
Question No: 2 ( 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: 3 ( Marks: 1 ) - Please choose one
Which of the following are the priorities emphasized most often in JIT system?
► High quality and minimal wastage
► Low cost and consistent quality
► Low inventory and consistent material supply
► Low cost and low inventory
Question No: 12 ( Marks: 1 ) - Please choose one
Identify the stage of the DMAIC (Define, Measure, Analyze, Improve and
Control) methodology which involves eliminating the root causes of non-random
variation.
► Define
► Measure
► Analyze
► Improve
Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following stage of Deming's wheel involves evaluating the improvement plan?
► Plan
► Do
► Check
► Act
Question No: 26 ( Marks: 1 ) - Please choose one
Scheduling is a function of which of the following?
► Volume of systems' output
► Nature of systems' output
► Timing of systems' output
► Value of systems' output
Question No: 45 ( Marks: 1 ) - Please choose one
In labor-limited environment, in which resource constraint is the amount of
worker available, which of the following is the best option for effective scheduling in a manufacturing firm?
► Hire more skilled labor for the job to be completed
► Workers should be trained to work on a variety of machines
► Assign labor to the next workstation irrespective of their skills
► More machines should be installed for flexibility of operations
Question No: 48 ( Marks: 1 ) - Please choose one
Which of the following accounts for loss of good will of an organization?
► Hiring and layoff costs
► Over-time costs and regular time costs
► Backlogs and stock outs
► Backorders and stock outs
Question No: 24 ( Marks: 1 ) - Please choose one
Which of the following is the first step of Capacity planning?
► Initial feasibility report is prepared
► Master schedule is tested for feasibility
► Adjustments are made in master schedule before it finalizes
► Material requirements are ascertained
Question No: 27 ( Marks: 1 ) - Please choose one
Which of the following statements is TRUE about a Gantt chart?
► It represents an important event in the completion of a project
► It relates interdependent activities to their completion time
► It arranges events in order of importance
► It is used to schedule independent activities
Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following reasons do NOT account for the importance of supply
chain Management?
Increasing competitive pressures
Decreasing globalization
Decreasing levels of outsourcing
Increasing transportation costs
Question No: 27 ( Marks: 1 ) - Please choose one
Which one of the following concepts refers to achieve the lowest average total
cost per unit when a large quantity is ordered?
Economies of scale
Material requirements planning
Master production schedule
Economic order quantity
Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following elements of supply chain prevent organization from bullwhip effect?
􀀀 Predicting quantity and timing of demand
􀀀 Incorporating customer's wants in manufacturing
􀀀 Controlling quality and scheduling work
􀀀 Determining what customers want
Question No: 38 ( Marks: 1 ) - Please choose one
Which of the following relates to estimating both the level and timing of
resources needed over the project duration?
Project estimating
Project planning
Project control
Project crashing
Question No: 26 ( Marks: 1 ) - Please choose one
Which of the following mathematical expressions can be employed to compute
inventory cost?
􀀀 Carrying cost per unit + average inventory cost
􀀀 Carrying cost per unit × average inventory cost correct
􀀀 Carrying cost per unit ÷ average inventory cost
􀀀 Carrying cost per unit – average inventory cost
Question No: 41 ( Marks: 1 ) - Please choose one
Which of the following relates to delegation of responsibility to an organizational department for a project?
􀀀 Project structure
􀀀 Functional structure
􀀀 Balanced matrix structure
􀀀 Project matrix structure
"Respect for worker" is the basic principle of which of the following management systems?
► American management system
► Japanese management system correct
► Asian management system
► European management system
Operational Efficiency is the key purpose of which of the following?
► Just-in time manufacturing correct
► Manufacturing resource planning (MRPII)
► Material requirements planning (MRP)
► All of the given options (not sure)
A purchaser needs unique, low-money value part. This part is a critical
component of a product manufactured by the purchaser. The part is patented
and can only be obtained from two suppliers and is often on back order. The
purchaser's company does not have expertise in the manufacturing of this
particular component. In this scenario what is the most appropriate action for
the purchaser?
► To select a similar part from other reliable supplier and substitute the part
► To set up a cross-functional team to make the part internally correct
► To seek other suppliers through seeking a quotation or proposal
► To recommend a change in product design to remove the need for that unique part
500 = 1500 (0.5 + 0.25) (1+ alpha)
20
Choose the correct value of alpha by solving the Kanban formula.
► 7.88 correct
► 8.88
► 9.7
► 6.89
Regards
Bilal Farooq | Final Semester
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| MBA Last Semester (Finance Group) |
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