Test 401 Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Operations Management & Strategic ManagementTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. The material handling cost per unit of product in continuous production is: Highest compared to other systems Lower than other systems Negligible Cannot say None 2. The desired objective of Production and Operations Management is: Use cheap machinery to produce Train unskilled workers to manufacture goods perfectly Optimal utilization of available resources Earn good profits None 3. In aggregate planning, one method of modifying demand is: Differential pricing Layoff of employees Overtime working Subcontracting None 4. In a CPM/PERT network, a dummy activity is necessary when: Two activities have the same starting node Two activities have the same ending node A node does not actually connect to another node Two activities share the same starting and ending node None 5. Fixing the flow lines of materials in production is known as: Scheduling Loading Planning Routing None 6. Preferred numbers are used to: Determine the number of varieties to be manufactured Test the design of the product Ascertain the quality level of the product Evaluate the production cost None 7. When work centers are used in optimal sequence to perform jobs, we can: Minimize setup time Minimize operation time Minimize machine breakdowns Maximize facility utilization None 8. The first stage in production planning is: Process planning Factory planning Operation planning Layout planning None 9. Scheduling deals with: Number of jobs to be done on a machine Number of machine tools used to do a job Different materials used in the product Fixing up starting and finishing times of each operation in doing a job None 10. One of the important charts used in program control is: Material chart Gantt chart Route chart Inspection chart None 11. MRP stands for:** Material Requirement Planning Material Reordering Planning Material Requisition Procedure Material Recording Procedure None 12. JIT stands for: Just in Time purchase Just in Time production Just in Time use of materials Just in Time order the material None 13. The example of worker involvement, as a recent trend in production/operations management, is: SCM Just-in-Time Quality Circle MRP None 14. Production planning in the intermediate range of time is termed as: Production planning Long-range production planning Scheduling Aggregate planning None 15. Which one of the following standards is associated with "Quality Assurance in Production and Installation"? ISO 9001 ISO 9002 ISO 9003 ISO 9004 None 16. Number of product varieties that can be manufactured in job production is: Limited to one or two Large varieties of products One only None of the above None 17. In general, the number of product varieties that can be manufactured in flow production is: One only Ten to twenty varieties Large varieties Five only None 18. Generally, the size of the order for production in job production is: Small Large Medium Very large None 19. Generally, in continuous production, the production is carried out to: Customer’s order For stock and supply For stock and supply Few rich customers None 20. Benchmarking is: A process of comparing with the best practices A process of comparing with the worst practices A process of comparing with the average practices None of the above None 21. The Delphi Technique is used for: Forecasting Budgeting Planning Organizing None 22. If an organization acquires its supplier, it is an example of: Horizontal integration Forward vertical integration Backward vertical integration Downstream vertical integration None 23. Which of the following is a characteristic of strategic management? Focus on short-term objectives Emphasis on routine operations Integration of organizational functions to achieve long-term goals Exclusive focus on financial performance None 24. Porter’s Five Forces model includes all the following forces except: Bargaining power of buyers Threat of new entrants Organizational structure Rivalry among competitors None 25. Corporate strategy deals with: Day-to-day operations Long-term goals and objectives Marketing initiatives Departmental coordination None 26. Which of the following is NOT a type of diversification? Horizontal diversification Concentric diversification Forward diversification Lateral diversification None 27. A mission statement primarily describes: The operational tasks of the company The vision for future growth The purpose and values of the organizatio Financial goals None 28. Preventive maintenance is useful in reducing: Inspection cost Cost of premature replacement Shutdown cost Setup cost of machine None 29. Which strategy is used for high market growth but low market share in the BCG matrix? Divestment Build Harvest Hold None 30. SWOT analysis is a tool for: Financial forecasting Employee performance analysis Employee performance analysis Quality assurance None 31. The strategy where a company focuses on a narrow market niche is called: Cost leadership Differentiation Focus strategy Integration None 32. The Ansoff Matrix is used to: Analyze cash flow Develop growth strategies Forecast market trends Organize resources None 33. A “cash cow” in the BCG matrix refers to a product or business unit that: Has high market growth and low market share Has low market growth but high market share Requires heavy investment Has high market growth and high market share None 34. The concept of "Core Competence" was introduced by: Michael Porter Hamel and Prahalad Henry Mintzberg Peter Drucker None 35. Which of the following is NOT a characteristic of strategic decisions? Long-term in nature Non-routine Based on past experiences Impact on organizational direction None 36. The Balanced Scorecard measures performance in all the following perspectives except: Financial Customer Process Technological None 37. PESTEL analysis includes all the following factors except: Political Economic Technological Resource-based None 38. In strategic management, the term "Value Chain" was popularized by: Igor Ansoff Michael Porter Alfred Chandler Gary Hamel None 39. Which strategy aims at gaining a competitive edge by producing goods or services more efficiently than competitors? Cost leadership strategy Differentiation strategy Market penetration strategy Diversification strategy None 40. Horizontal integration involves: Acquiring a company at a different stage of production Expanding into new geographical markets Acquiring a competitor in the same industry Diversifying into unrelated businesses 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 !! Time's upTime is Up!
