Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Operations Management & Strategic Management Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email State 1. Which of the following is a key function of operations management? Marketing Product Design Production Planning Financial Analysis None 2. Which inventory management technique is used to maintain minimal inventory? JIT ABC Analysis EOQ MRP None 3. The formula for Economic Order Quantity (EOQ) is: 2DSH\sqrt{\frac{2DS}{H}} DSH\frac{DS}{H} H2DS\frac{H}{2DS} 2HSD\sqrt{\frac{2HS}{D}} None 4. Which of the following represents "Kaizen"? Employee layoff Continuous improvement Stock control Job rotation None 5. PERT and CPM are used for: Cost control Quality control Network analysis Product design None 6. The process layout is suitable for: Mass production Batch production Continuous production Job production None 7. Which concept involves optimizing resources and minimizing waste in production? Six Sigma Lean Production Total Quality Management MRP None 8. Which of the following tools is used for quality improvement? Gantt Chart Control Chart Break-even Chart ABC Analysis None 9. The term "bottleneck" in operations refers to: Excess raw material Machine breakdown Restriction in the production flow Employee strike None 10. Which type of maintenance involves regular inspections and repairs to prevent breakdowns? Corrective Maintenance Predictive Maintenance Preventive Maintenance Reactive Maintenance None 11. The term "Six Sigma" represents: A production method A quality control method to reduce defects A type of layout An inventory technique None 12. Which of the following is not a principle of Total Quality Management (TQM)? Customer focus Employee involvement Cost cutting Continuous improvement None 13. Which scheduling technique focuses on the shortest processing time first? FIFO LIFO SPT EDD None 14. Capacity planning refers to: Setting up safety stock Determining the production output needed Allocating jobs to machines Forecasting demand None 15. The "5S" in the workplace organization stands for: Sorting, Systemizing, Shining, Standardizing, Sustaining Sales, Sorting, Safety, Systemizing, Sustaining Sorting, Safety, Shining, Standardizing, Structuring Systemizing, Sustaining, Sorting, Selecting, Supporting None 16. Which of the following is a pull production system? MRP ERP JIT EOQ None 17. Which layout is suitable for the production of standardized goods on a large scale? Fixed Position Layout Process Layout Product Layout Hybrid Layout None 18. Cycle time in production refers to: The time taken to complete one cycle of an activity The lead time for order fulfillment The number of products made per hour The time between equipment maintenance None 19. Which technique is used to identify repetitive quality issues in operations? Flowchart Fishbone Diagram Control Chart Pareto Analysis None 20. Inventory turnover ratio measures: Production efficiency Frequency of inventory replacement Cost of inventory Number of defective units None 21. Which of the following is a component of strategic management? Budget planning Strategic analysis Sales forecasting Inventory control None 22. The mission statement of a company defines: Its financial goals Its purpose and primary objectives Its workforce policies Its risk management plan None 23. SWOT analysis includes: Systems, Weaknesses, Objectives, Technology Strengths, Weaknesses, Opportunities, Threats Strategies, Workforce, Opportunities, Techniques Sustainability, Worth, Objectives, Tactics None 24. Porter's Five Forces model is used to analyze: Organizational culture Industry structure Financial performance Supply chain None 25. The BCG Matrix categorizes products based on: Market share and market growth Product quality and cost Sales volume and profit margin Demand and competition None 26. Which of the following strategies focuses on reducing production costs? Differentiation Focus Cost Leadership Market Penetration None 27. Which of the following is a retrenchment strategy? Expansion Diversification Divestment Joint venture None 28. A strategic alliance is formed when: Two companies merge One company acquires another Companies collaborate to achieve a common goal A company sells a part of its business None 29. Which of the following is an internal growth strategy? Acquisition Diversification Joint Venture Market Development None 30. Core competence of a company refers to: Financial strength Unique capability that provides competitive advantage Customer base size Sales revenue None 31. Which of the following is a quantitative tool used in strategic management? SWOT Analysis PESTLE Analysis Balanced Scorecard TOWS Matrix None 32. A differentiation strategy aims to: Offer low-cost products Target niche markets Create unique products or services Focus on operational efficiency None 33. Which of the following is not a step in the strategic management process? Environmental scanning Strategy formulation Strategy control Marketing promotion None 34. The vision statement of an organization defines: Its current products and services Its short-term goals Its desired future state Its financial targets None 35. Horizontal integration involves: Expanding into new geographic areas Acquiring suppliers Acquiring competitors Expanding product lines None 36. What does "PESTLE" stand for in strategic analysis? Political, Economic, Social, Technological, Legal, Environmental Planning, Execution, Strategy, Tactics, Logistics, Evaluation Product, Economy, System, Technology, Labor, Environment Position, Expansion, Strategy, Technology, Law, Environment None 37. Which type of strategy deals with a specific functional area like marketing or finance? Corporate strategy Business strategy Functional strategy Global strategy None 38. Ansoff Matrix is used to: Analyze internal weaknesses Formulate pricing strategy Plan growth strategies Control operations None 39. Which of the following refers to entering new markets with new products? Market Penetration Market Development Product Development Diversification None 40. The primary focus of strategic management is to: Allocate resources effectively Improve operational efficiency Achieve long-term goals Increase short-term profits None 1 out of 4 Great job on taking the INCOC Test! 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