Production and Operations Management Multiple Choice Questions and Answers | Production and Operations Management MCQs

Questions
1 We identified several internal benefits of objectives, goals and a sense of mission. Which is not included?
A Basis of plans and decisions
B Unity of direction
C Basis to resolve disputes
D None of the above.

Answer:Basis to resolve disputes
2 Identify the best definition of planning.
A The core activity of planners and planning departments.
B Setting an organisation's objectives and the means of reaching them.
C Devising ways of achieving the objectives of an organisation.
D An integrated process in which plans are formulated, carried out and controlled.

Answer: Setting an organisation's objectives and the means of reaching them.
3 Business cycle, price trends, National Economy are ___________
A Micro Factors
B Macro Factors
C Controllable Factors
D All of these

Answer:Macro Factors
4 Which is not a part of 5R's of buying?
A Right Quality
B Right Quantity
C Right Source
D None of the above

Answer:None of the above
5 Buying of the annual requirements of an item during its season.
A Seasonal Buying
B Hand to mouth buying
C Scheduled Buying
D Tender Buying

Answer:Seasonal Buying
6 __________________ is concerned with the branch of economics relating the behavior of principals and their agents.
A Financial management
B Profit maximization
C Agency theory
D Social responsibility

Answer:Agency theory
7 Corporate governance success includes three key groups. Which of the following represents these three groups?
A Suppliers, managers, and customers.
B Board of Directors, executive officers, and common shareholders.
C Suppliers, employees, and customers.
D Common shareholders, managers, and employees.

Answer:Board of Directors, executive officers, and common shareholders.
8 _________________ also called part lists or building lists is the document generated at the design stage.
A MRP (Material Requirement Planning)
B BOM (Bill of Materials)
C MPS (Master Production Schedule)
D None of these

Answer:BOM (Bill of Materials)
9 Purchasing responsibilities can be divided into Buying, Clerical and __________________ division.
A Packing
B Traffic
C Record
D Follow up

Answer:Traffic
10 ________________________ are the basic materials which have not undergone any conversion since their receipt from suppliers.
A WIP
B Raw Material
C Finished Parts
D Work Made Parts

Answer:Raw Material
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