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 Area Pin Code 1. Which of the following is NOT a characteristic of mass production? High volume High variety Low flexibility Low cost per unit None 2. What is the main objective of production planning? Minimize costs Maximize production output Align resources with demand Reduce workforce None 3. The formula for Economic Order Quantity (EOQ) is: (2DS/H)\sqrt{(2DS/H)} (DS/2H)(DS/2H) (2HS/D)\sqrt{(2HS/D)} (2DH/S)\sqrt{(2DH/S)} None 4. Which of the following is a qualitative forecasting method? Moving average Delphi technique Time series analysis Regression analysis None 5. Cycle stock refers to: Stock held for emergencies Stock required to meet average demand Stock reserved for specific projects Overstocked inventory None 6. The primary objective of Just-in-Time (JIT) is: Reduce lead time Eliminate waste Increase production capacity Improve supplier relationships None 7. The main purpose of work-study is to: Increase employee morale Improve methods and productivity Provide employee training Enhance market competitiveness None 8. Which of the following is NOT a component of Material Requirements Planning (MRP)? Master Production Schedule Bill of Materials Inventory Records Financial Statement Analysis None 9. Which layout is most suitable for assembling a product like a car? Fixed position layout Process layout Product layout Hybrid layout None 10. What does "throughput time" measure? Time taken for one unit to move through the process Total production time in a day Time required for inventory replenishment Time taken to complete a sales transaction None 11. Strategic management primarily focuses on: Operational goals Short-term objectives Long-term goals and competitive advantage Tactical decisions None 12. Which of the following is NOT a feature of a strategic decision? Irreversible High resource commitment Low risk Long-term impact None 13. What does the term "value proposition" refer to? A company's cost structure A product's unique benefit to customers The financial goals of a company A company’s market share None 14. Which strategy involves targeting a specific group of customers? Differentiation strategy Focus strategy Cost leadership strategy Retrenchment strategy None 15. The three levels of strategy are: Corporate, Business, Functional Tactical, Operational, Strategic National, Regional, Global Short-term, Medium-term, Long-term None 16. Which analysis is used to evaluate the external environment? PESTLE analysis SWOT analysis Value chain analysis Five Forces analysis None 17. What is a "star" in the BCG matrix? High growth, high market share product High growth, low market share product Low growth, high market share product Low growth, low market share product None 18. What does "diversification" mean in strategic management? Expanding product lines into related markets Introducing existing products in new markets Entering new markets with unrelated products Reducing existing market operations None 19. In Porter's Five Forces model, supplier power increases when: Suppliers are few and concentrated Alternative products are readily available Suppliers have low switching costs Buyers are large in number None 20. The primary purpose of a vision statement is to: Define immediate objectives Describe the future aspirations of a company Outline daily tasks Detail employee responsibilities None 21. Which inventory system triggers orders when stock falls below a set level? Pull system Push system Reorder point system ABC analysis None 22. The Ishikawa diagram is used to: Identify root causes of a problem Measure financial performance Plan project activities Compare competitor performance None 23. What does a Gantt chart represent? Budget allocation Project timeline and tasks Employee productivity Customer satisfaction levels None 24. Which of the following is NOT a competitive force in Porter's Five Forces model? Threat of new entrants Bargaining power of employees Bargaining power of buyers Threat of substitutes None 25. What is the primary focus of operational efficiency? Reducing costs while maintaining output Increasing brand value Enhancing customer loyalty Expanding market share None 26. Which of the following is an offensive strategy? Retrenchment strategy Market penetration Liquidation Cost reduction None 27. The Delphi technique is most useful for: Solving operational issues Forecasting and group decision-making Strategic analysis Improving inventory levels None 28. The balanced scorecard evaluates performance across: Financial metrics only Operational metrics only Both financial and non-financial Historical performance metrics None 29. Critical Path Method (CPM) is used for: Short-term inventory management Determining project duration Forecasting demand Scheduling equipment maintenance None 30. A differentiation strategy focuses on: Low-cost production Creating unique value Niche marketing Mergers and acquisitions None 31. What is the primary objective of Kaizen? Introduce large-scale changes Continuous small improvements Reduce financial risks Increase employee turnover None 32. Backward integration refers to: Acquiring suppliers Expanding product lines Entering new markets Merging with competitors None 33. Which of the following is a stability strategy? Consolidation Retrenchment Diversification Expansion None 34. The main goal of ERP systems is to: Improve overall efficiency Increase market share Diversify operations Reduce staff levels None 35. Which tool is commonly used to analyze internal strengths and weaknesses? PESTLE analysis SWOT analysis Industry analysis Benchmarking None 36. The concept of "core competency" was introduced by: Michael Porter C.K. Prahalad and Gary Hamel Peter Drucker Henry Mintzberg None 37. What is the main purpose of strategic control? Increase operational efficiency Ensure successful strategy implementation Manage daily activities Maximize market share None 38. Ansoff Matrix helps companies: Analyze growth strategies Determine profitability Reduce operational costs Identify threats None 39. A retrenchment strategy includes: Market expansion Divestment of non-core assets Increased R&D spending Product diversification None 40. In operations, takt time is calculated as: Available time ÷ Customer demand Customer demand ÷ Available time Inventory ÷ Production time Production time ÷ Units produced 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. Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
