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Free download in PDF Production and Operations Management Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams like UPSC, NDA, SSC etc. These short solved questions or quizzes are provided by Gkseries./p>
(1)
Which of the following is not a trend in job design?
[A]
Temporary Workers
[B]
9 to 5 scheduling
[C]
Alternative workplaces (telecommuting, shared offices, etc)
[D]
Automation of manual work
Answer: 9 to 5 scheduling
(2)
Work measurement techniques include all of the following except:
[A]
On the job training
[B]
Time study
[C]
Work sampling
[D]
Predetermined motion-time data systems
Answer: On the job training
(3)
One use of inventory is
[A]
To ensure that item cost is maximized.
[B]
To tightly link production and distribution processes.
[C]
To provide a hedge against inflation.
[D]
To tightly link a firm's production with its customers' demand.
Answer: To ensure that item cost is maximized.
(4)
The appropriate level of safety stock is typically determined by
[A]
Minimizing expected stockout cost.
[B]
Taking the square root of the economic order quantity.
[C]
Choosing the level of safety stock that assures a given service level.
[D]
Carrying sufficient safety stock so as to eliminate all stockouts.
Answer: Choosing the level of safety stock that assures a given service level.
(5)
Inventory carried for the purpose of providing flexibility to each decision-making unit to'manage its operations independently is known as
[A]
Safety inventory
[B]
Cycle inventory
[C]
Seasonal inventory
[D]
Decoupling inventory
Answer: Decoupling inventory
(6)
Higher number of stock points required for risk pooling results in higher savings in terms of
[A]
Decoupling inventory
[B]
Pipeline inventory
[C]
Cycle inventory
[D]
Safety inventory
(7)
A system that triggers ordering on a uniform time basis is called a
[A]
Fixed-quantity system.
[B]
Reorder point system.
[C]
Fixed-period system.
[D]
EOQ.
Answer: Fixed-period system.
(8)
Extra units that are held in inventory to reduce stockouts are called
[A]
Just-in-time inventory.
[B]
Reorder point.
[C]
Demand variance.
[D]
Safety stock.
(9)
ABC analysis divides an organization's on-hand inventory into three classes based upon
[A]
Annual demand.
[B]
The number of units on hand.
[C]
Unit price.
[D]
Annual dollar volume.
Answer: Annual dollar volume.
(10)
In the probabilistic model, increasing the service level will
[A]
Cannot be determined.
[B]
Have no impact on the cost of the inventory policy.
[C]
Increase the cost of the inventory policy.
[D]
Reduce the cost of the inventory policy.
Answer: Increase the cost of the inventory policy.