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 considered a key activity of production planning? Quality control Maintenance scheduling Capacity planning Budget allocation None 2. The primary objective of aggregate planning is to: Minimize production costs Schedule product distribution Maintain workforce stability Manage day-to-day operations None 3. The key benefit of a flexible manufacturing system (FMS) is: Low initial cost High production speed Ability to adapt to changes in production Reduced need for skilled labor None 4. Which of the following is the concept of balancing the workload among machines or workstations in a production line? Scheduling Line Balancing Capacity Utilization Batch Processing None 5. Which of the following is not an element of lean production? Reducing inventory levels Increasing production lead time Reducing waste Improving product quality None 6. Which of the following approaches focuses on involving everyone in the organization to maintain equipment and improve productivity? Total Productive Maintenance (TPM) Just-in-Time (JIT) Statistical Quality Control (SQC) Enterprise Resource Planning (ERP) None 7. Which term describes the time taken from the start of production until the product is completed? Lead Time Cycle Time Takt Time Idle Time None 8. Which inventory management technique involves monitoring and controlling the inventory items based on their value? FIFO LIFO EOQ ABC Analysis None 9. Which of the following best describes "Process Reengineering"? Incremental improvement of processes Radical redesign of processes for significant improvements Installing new machines Focusing on cost reduction None 10. Which of the following scheduling techniques is used when variability in production times is high? Gantt Chart CPM PERT Flowchart None 11. The inventory control system that seeks to minimize both ordering and carrying costs is known as: EOQ ABC Analysis JIT MRP None 12. The main purpose of "kanban" in a JIT system is to: Provide visual signals to control the flow of materials Set quality standards Perform maintenance tasks Control financial costs None 13. The cost of quality includes all of the following except: Prevention costs Appraisal costs External failure costs Overhead costs None 14. Which of the following is a characteristic of batch production? High product variety Continuous production Low setup time Custom production for each order None 15. Which one of the following describes the process layout? Machines are arranged by the sequence of operations Similar machines are grouped together The layout follows a continuous flow The layout is fixed None 16. Which of the following statements is true about "5S"? It stands for cost control methods It is a system for organizing and managing the workspace It is a strategy to increase lead time It refers to a software development methodology None 17. Which of the following tools is used to measure the capability of a process to meet specifications? Control Chart Pareto Chart Histogram Process Capability Index (Cp) None 18. Total Quality Management (TQM) focuses on: Increasing production volume Continuous improvement of all processes Decreasing product variety Implementing safety standards None 19. What does the “six” in Six Sigma refer to? Six quality audits Six standard deviations from the mean Six process steps Six types of waste None 20. Which of the following best describes the purpose of a work breakdown structure (WBS)? To manage financial resources To break down projects into smaller, manageable tasks To assign tasks to specific employees To monitor inventory None 21. The mission statement of an organization provides: A description of future goals The basic purpose and scope of operations A list of financial objectives A summary of market analysis None 22. Which of the following is not part of the strategic management process? Strategy Formulation Budget Control Strategy Implementation Strategy Evaluation None 23. Which of the following best describes the concept of "Strategic Fit"? Merging with competitors Aligning resources with market opportunities Differentiating products Setting pricing strategies None 24. Which of the following is an example of horizontal diversification? Acquiring suppliers of raw materials Introducing unrelated new products Expanding into new geographic areas Acquiring a competitor in the same industry None 25. What does a "dog" represent in the BCG Matrix? High market share and low growth Low market share and high growth Low market share and low growth High market share and high growth None 26. Which of the following is a key feature of a cost leadership strategy? High-quality products at a high price Low-cost products to a broad market Unique features at a premium price Focus on a niche segment None 27. What type of growth strategy involves introducing existing products into new geographic markets? Product Development Market Development Diversification Retrenchment None 28. Which of the following is not one of Porter’s Generic Strategies? Cost Leadership Market Penetration Differentiation Focus None 29. Which type of integration occurs when a company takes over its distributors? Vertical Integration (Forward) Vertical Integration (Backward) Horizontal Integration Conglomerate Diversification None 30. The Ansoff Matrix is used to identify: Pricing strategies Growth strategies Employee training needs Supplier relationships None 31. Which of the following best describes the "differentiation focus" strategy? Providing low-cost goods to a large audience Offering unique products to a niche market Competing based on high-volume production Acquiring small competitors None 32. The GE-McKinsey Matrix is used to: Evaluate strategic business units based on industry attractiveness and business strength Conduct financial analysis Analyze employee turnover Control inventory levels None 33. Which of the following is a retrenchment strategy? Joint venture Liquidation Market penetration Diversification None 34. Strategic alliances are formed primarily to: Avoid competition Improve brand image Combine resources for achieving a common objective Control supply chain None 35. Which analysis technique is used to identify strengths, weaknesses, opportunities, and threats? SWOT Analysis PESTLE Analysis Value Chain Analysis Portfolio Analysis None 36. Which term refers to the overall plan for deploying resources to establish a favorable position in a market? Strategy Budget Mission Policy None 37. Which of the following describes "mission drift"? Moving away from core business activities Increasing market share Changing organizational structure Improving brand loyalty None 38. What does the "value chain" describe? The sequence of activities that create value for a customer The chain of suppliers involved in production The financial value of assets A product’s cost breakdown None 39. Which of the following is an approach for managing and controlling the entire organization’s strategic direction? Strategic Management Operations Management Financial Analysis Quality Control None 40. A company that seeks to expand by offering new products in new markets is engaging in: Product Development Market Penetration Diversification Cost Leadership None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test. Look out for results and future opportunities. Stay Connected !! Your quiz time is about to finish. Few seconds left. 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