Test 402 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. The term "Lead Time" refers to Time taken to complete a single production cycle Time taken to deliver raw materials Time between placing an order and receiving it Time spent on quality inspection None 2. Which of the following is the correct description of "Lean Manufacturing"? Reducing production speed Increasing production without increasing resources Eliminating waste and improving flow efficiency Cutting costs in inventory management None 3. Kanban is a tool of which production system? Mass Production Lean Manufacturing Just-in-Time (JIT) Total Quality Management (TQM) None 4. Which of the following layouts is most suitable for manufacturing large items like airplanes? Product Layout Process Layout o Fixed Position Layout Cellular Layout None 5. Work Study is aimed at: Optimizing inventory levels Improving productivity Reducing sales lead time Increasing machine maintenance None 6. Which of the following represents the relationship between inputs and outputs in productivity? Output/Input\text{Output/Input} Input - Output\text{Input - Output} Output/Input×100\text{Output/Input} \times 100 Input + Output\text{Input + Output} None 7. Which of the following is a preventive maintenance activity? Repairing broken machinery Replacing worn parts before they fail Conducting root cause analysis Installing new software None 8. What is the key purpose of Material Requirement Planning (MRP)? Controlling the quality of materials Determining production quantities Reducing lead time in inventory procurement Ensuring materials are available for production None 9. What is "Heijunka" in Lean Manufacturing? A visual scheduling system Continuous improvement Production leveling Error-proofing technique None 10. The "Theory of Constraints" focuses on: Minimizing inventory Identifying and managing bottlenecks Implementing kaizen Increasing fixed assets None 11. Which of the following represents a “job shop” type of production? Bakery Car assembly line Custom furniture shop Oil refinery None 12. Routing in production planning involves: Deciding the quantity of products Deciding the sequence of operations Scheduling the workforce Maintaining inventory None 13. Break-even analysis is used to determine: Optimum production quantity Minimum number of products to cover costs Maximum profit margin Material wastage percentage None 14. Which one of the following tools is not part of statistical quality control? Histogram Flowchart Control Chart Scatter Diagram None 15. Which of the following is true about Batch Production? It is suitable for unique products It involves a single item at a time It has flexible production schedules It requires continuous production None 16. Which quality control tool is used to prioritize problems? Fishbone Diagram Pareto Chart Histogram Scatter Diagram None 17. Takt Time is used to: Measure the rate of production to meet customer demand Measure production lead time Measure overall equipment effectiveness Measure machine idle time None 18. A Gantt chart is used for: Inventory management Quality control Project scheduling Demand forecasting None 19. Which type of cost is associated with the cost of non-conformance to quality? Appraisal cost Prevention cost Failure cost Maintenance cost None 20. Benchmarking in operations management is primarily used for: Setting financial targets Comparing processes with industry best practices Measuring customer satisfaction Developing new products None 21. Which of the following describes a "Competitive Advantage"? High employee turnover Sustainable superior performance over competitors High product prices Increased production costs None 22. Which strategy is used to expand into new geographic regions? Market Penetration Market Development Diversification Retrenchment None 23. Which of the following strategies focuses on introducing new products to existing markets? Product Development Market Development Market Penetration Vertical Integration None 24. Visionary leadership" is characterized by: Delegating responsibilities Setting short-term goals Articulating a clear vision for the future Increasing costs None 25. A "Focus Strategy" in Porter’s model targets: A broad market A specific niche market Reducing costs High product quality None 26. Strategic fit refers to: Aligning resources with market opportunities Cutting costs to fit the budget Market exit strategy Merging with competitors None 27. Which of the following is an example of vertical integration? Company acquiring its suppliers Company selling off a division Company purchasing competitors Company expanding into a new market None 28. Which type of strategic alliance involves sharing equity ownership? Joint Venture Licensing Franchise Contract manufacturing None 29. Which of the following is a key aspect of business strategy? Financing decisions Competitive positioning Budgeting Organizational culture None 30. Which strategy is appropriate for a company facing declining profits in a saturated market? Expansion Retrenchment Diversification Vertical Integration None 31. Corporate Governance is primarily concerned with: Strategic alliances Board structure and accountability Market share growth Supply chain management None 32. Which of the following is a generic strategy proposed by Porter? Market Segmentation Diversification Product Differentiation Answer Cost Leadership None 33. What is meant by "Competitive Rivalry" in Porter’s Five Forces Model? The threat from new entrants The power of suppliers The level of competition among existing firms The bargaining power of buyers None 34. When a company expands its operations into areas that are at different points on the same production path, it is called: Horizontal Integration Vertical Integration Concentric Diversification Joint Venture None 35. Which of the following is a defensive strategy? Joint Venture Acquisition Liquidation Product Development None 36. Which type of diversification involves expanding into unrelated business activities? Concentric Horizontal Conglomerate Vertical None 37. Scenario planning is used in strategic management to: Set specific targets Develop future alternatives Evaluate past performance Allocate resources None 38. Which of the following is a limitation of SWOT analysis? It helps in identifying core competencies It ignores the dynamic nature of external factors It considers both internal and external factors It is used for environmental analysis None 39. What does the GE-McKinsey Matrix evaluate? Market attractiveness and business strength Financial stability and cost Product lifecycle and market share Competition and customer loyalty None 40. Which of the following describes the process of divesting a business unit to increase focus on core areas? Diversification Downsizing Divestiture Joint Venture 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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