Six-SIGMA quality indicates :
Answer:3.4 defects per thousand
A manufacturing firm has four work stations, A, B, C and D in series with individual capacity of processing 450, 390, 360 and 400 units per day respectively and the actual output of the firm is 306 units per day. The system capacity and system efficiency of the firm shall respectively be :
In the simplex method of solving an LP Problem, the product-mix column of the initial solution contains :
Answer: Slack and artificial variables only
If the optimal solution of an LP Problem is degenerate then :
If your score in an exam was 80, with a mean of 60, what would be the standardised score for this exam if the standard deviation is 15 ?
Spurious relationship between two variables refer to :
Answer: Relationship happens only due to third variable which is common to both the variables.
In a medical test, where the null hypothesis is : ‘The patient does not have the disease’ and the alternative hypothesis is : ‘ The patient has the disease’. Suppose a patient has a disease and needs treatment. In the hypothesis testing process, which of the following errors is more serious than the others.
Decision support system does not use :
Give the correct order of the stages in ‘System Development’.
Answer:Systems Analysis ® Systems Design ® Programming ® Testing ® Conversion ® Production and Maintenance
Which of the following statements is correct ?
Answer:Organisations some times use a “traffic light” system on their balanced score card to help them prioritise their activities.
What metaphor is used to describe the competitive space where product are not yet well defined, competitors are not well-organised and the market is relatively unknown ?
Michael E. Porter’s five generic strategies are :
Answer:Cost Leadership (Low Cost), Cost Leadership (Best Value), Differentiation, Focus (Low Cost), Focus (Best Value)
One of the strategic decisions relating to the value chain concerns vertical integration. This would involve :
Answer: Deciding whether the activity should be performed within the organisation or by a different firm.
“Pepsi Co launched a hostile take over of Pepsi Bottling Group after its $ 4.2 billion offer was rejected”. Which strategy was used in this case ?
Who viewed entrepreneur as a non-fixed income earner with known costs of production but uncertain income and therefore, operating at a risk ?
Answer: Richard Contillon