Test 404 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 best describes "Aggregate Planning"? Short-term inventory control Medium-term production schedule Long-term strategic planning Employee management None 2. What does "MRP II" stand for? Manufacturing Resource Planning Material Requirement Procedure Machine Readiness Planning Material Reserve Planning None 3. "Line Balancing" is concerned with: Ensuring even workload across workstations Controlling inventory Maintenance scheduling Quality improvement None 4. Which of the following is the main objective of Supply Chain Management? Cost reduction Lead time reduction Efficient integration of suppliers, manufacturers, and Marketing and promotions None 5. What is "Heijunka"? Safety stock analysis Production leveling to avoid fluctuations An inventory classification system Workforce reduction technique None 6. What is the key objective of Total Productive Maintenance (TPM)? Minimize machine idle time Improve worker efficiency Reduce downtime by involving all employees in maintenance activities Increase the lifespan of finished goods None 7. Which type of layout is ideal for producing goods that require a variety of processing steps? Product Layout Fixed Layout Process Layout Cellular Layout None 8. In ABC analysis, "A" items typically represent: High-value, low-quantity items Low-value, high-quantity items Moderate-value items Irrelevant items None 9. The primary goal of "Kaizen" is: Radical change Continuous small improvements Cost-cutting Employee layoffs None 10. In which type of production system is work-in-progress inventory generally the lowest? Job Shop Batch Production Continuous Production Assembly Line None 11. Which of the following refers to the frequency with which inventory is replaced? Lead Time Reorder Point Inventory Turnover Holding Cost None 12. SMED (Single-Minute Exchange of Dies) is associated with: Quick changeover between production runs Workforce allocation Quality assurance testing Order fulfillment None 13. The primary purpose of value stream mapping is to: Plan product launch Evaluate job satisfaction Identify waste in processes Develop financial budgets None 14. A "bottleneck" in production refers to: The most productive workstation A machine with excess capacity The resource that limits overall capacity The most expensive part of production None 15. Which of the following is a primary principle of Lean Manufacturing? Maximizing defects Minimizing inventory Reducing product variety Increasing lead time None 16. What is the main purpose of a control chart? Identify and control variability in the process Schedule tasks in production Track employee performance Forecast demand None 17. Which inventory method involves recording transactions continuously? Periodic Inventory System Perpetual Inventory System ABC Analysis Fixed-Order Inventory System None 18. Which of the following refers to the total time needed to produce a single product? Cycle Time Takt Time Lead Time Downtime None 19. What does the term "Kanban" refer to in Lean Manufacturing? A type of robot A signaling tool for replenishment A statistical analysis tool A quality inspection process None 20. In a SWOT analysis, opportunities are: Internal conditions favorable to the organization External conditions that could benefit the organization o Strengths within the organization o Weaknesses of competitors None 21. The PESTLE analysis is used to: Analyze internal company culture Assess macro-environmental factors Determine company profitability Study employee behavior None 22. Which of the following is not a corporate-level strategy? Retrenchment Product Differentiation Diversification Stability None 23. Backward integration refers to: Acquiring competitors Acquiring suppliers Acquiring customers Expanding product lines None 24. Which strategy is focused on competing through superior product design? Differentiation Cost Leadership Niche Marketing Retrenchment None 25. What is the purpose of a strategic audit? Assess financial statements Assess the effectiveness of a strategy Review customer satisfaction Conduct employee evaluations None 26. Which of the following refers to the threat of substitute products in Porter’s Five Forces Model? Buyers’ ability to switch products Suppliers' power to control price Competitive advantage of competitors Threat from new entrants None 27. What does "Bargaining power of buyers" mean in Porter’s Five Forces Model? Customers have influence over the price Suppliers can control input prices The entry barrier is high The company dominates the market None 28. The strategy that focuses on achieving long-term competitive advantage by introducing a broad range of products is known as: Diversification Strategy Focus Strategy Market Development Product Penetration None 29. Which strategy involves a company growing its operations by buying out another company in the same industry? Market Development Horizontal Integration Vertical Integration Retrenchment None 30. The main focus of corporate governance is on: Strategy implementation Stakeholder management and accountability Market analysis Employee training None 31. Which of the following is an example of a differentiation strategy? Producing goods at the lowest cost Offering unique, high-quality products Reducing the workforce Increasing product variety None 32. What is the Ansoff Matrix used for Evaluating project risks Developing growth strategies Identifying internal weaknesses Setting pricing policies None 33. A strategy that focuses on maintaining the status quo is known as: Expansion Strategy Stability Strategy Retrenchment Strategy Diversification Strategy None 34. The term "first-mover advantage" refers to: Being the first to enter a market and gaining a competitive edge Moving into an established market Entering a market after competitors to minimize risks Diversifying into unrelated markets None 35. Which analysis is used to study the attractiveness of an industry? Porter’s Five Forces Analysis SWOT Analysis PESTLE Analysis Value Chain Analysis None 36. A cash cow in the BCG Matrix represents: High market growth, low market share High market share, low market growth Low market share, high market growth Low market growth, low market share None 37. Which of the following refers to a "diversification" strategy? Expanding into new, unrelated industries Concentrating efforts on a single business Merging with competitors Divesting business units None 38. Which of the following defines a "focused differentiation strategy"? Targeting a broad market with a low-cost product Targeting a specific niche with unique features Offering low-cost goods in multiple markets Providing moderate quality at the lowest price None 39. In strategic planning, which term refers to unique characteristics that give a company an advantage? Strengths Core Competencies Strategic Objectives Contingencies None 40. Which of the following refers to the frequency with which inventory is replaced? Lead Time Reorder Point Inventory Turnover Holding Cost 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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