Test 405 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. In a continuous production process, the key feature is: Flexibility in output Consistent product quality High labor cost Low demand fluctuations None 2. Which of the following represents "TQM"? Total Quality Manufacturing Total Quantity Management Total Quality Management Tactical Quality Maintenance None 3. Which of the following charts is used for understanding the sequence of operations? Gantt Chart PERT Chart Pareto Chart Ishikawa Diagram None 4. Which of the following is not a part of inventory carrying cost? Storage cost Ordering cost Insurance cost Obsolescence cost None 5. Which of the following is an example of dependent demand inventory? Finished products Raw materials Consumer goods Maintenance supplies None 6. The concept of "Just-in-Case" (JIC) inventory refers to: Maintaining minimum inventory levels Overproduction to meet any potential demand Building up reserves to counter uncertainty Inventory replenishment when needed None 7. In production planning, "dispatching" refers to: Initiating production as per schedule Issuing orders for material procurement Monitoring production quality Planning workforce allocation None 8. The difference between the actual production and the production capacity is known as: Bottleneck Capacity Cushion Lead Time Backorder None 9. What is the primary focus of ISO 9001 standards? Financial management Quality management systems Employee training Marketing efficiency None 10. Which inventory model is used when the demand rate and lead time are constant? EOQ Model ABC Analysis JIT Inventory VMI System None 11. . "Poka-Yoke" is a Lean Manufacturing concept that refers to: Just-in-time production Error-proofing techniques High volume production Workforce optimization None 12. In which layout are machines grouped by the process they perform, not by the sequence of operations? Product Layout Process Layout Fixed Layout Hybrid Layout None 13. Which scheduling rule focuses on jobs with the earliest due date first? LIFO FIFO SPT EDD None 14. What is the main benefit of a cellular manufacturing layout? Increased product quality Reduced machine setup time Enhanced flow and reduced lead time Increased production cost None 15. What type of production system is used for unique, one-off products? Batch Production Job Shop Assembly Line Mass Production None 16. . The bullwhip effect in supply chain management is caused by: Demand fluctuations being amplified in the supply chain Efficient inventory management Reduction in supply chain variability Direct-to-consumer marketing None 17. Which of the following is not a part of work study? Method study Work measurement Quality audit Motion study None 18. What is the purpose of takt time in production? Determine cycle time Balance the pace of production with customer demand Calculate lead time Schedule workforce None 19. Which maintenance strategy focuses on servicing machines only when they fail? Preventive Maintenance Corrective Maintenance Predictive Maintenance Autonomous Maintenance None 20. The "run chart" is used to: Identify variations over time Display product flow Plan capacity Evaluate cost structures None 21. Which of the following best describes strategic management? Short-term decision making Day-to-day operations control Long-term planning and execution for organizational success Financial budget allocation None 22. The "first mover advantage" refers to: Gaining a competitive edge by being the first to introduce a product or service Entering a market after competitors Focusing on low-cost production Increasing product features None 23. Which of the following is part of the external analysis in a SWOT? Strengths Weaknesses Opportunities Resource allocation None 24. A "turnaround strategy" is used when a business is: In a growth phase Facing decline and needs revival Planning for acquisition Preparing for diversification None 25. Which of the following is not an approach to competitive strategy? Cost Leadership Differentiation Stability Focus None 26. Which of the following is a type of retrenchment strategy? Market Development Divestment Vertical Integration Cost Leadership None 27. Corporate-level strategies focus on: A single business unit The overall direction of the organization Daily operational tasks Cost reduction at a specific unit None 28. Which of the following describes a strategic business unit (SBU)? A division responsible for marketing A semi-autonomous unit responsible for its own strategy and profitability A team that handles human resources A unit focusing solely on production None 29. Which of the following is a limitation of Porter’s Five Forces model? Provides insight into competitive pressures Focuses only on macroeconomic factors Considers both industry and competition analysis Useful for determining market attractiveness None 30. What is an "Ansoff Matrix" used for? Evaluating risk factors Determining pricing strategy Identifying growth strategies Conducting financial analysis None 31. Which of the following represents a "cash cow" in the BCG Matrix? High growth, low share Low growth, high share High growth, high share Low growth, low share None 32. What is the main focus of a "focus strategy" as per Porter? Cost reduction Innovation Targeting a niche market Increasing production None 33. Which of the following is true of a "differentiation" strategy? Competing based on low cost Offering unique features that distinguish a product from competitors Standardizing production Targeting a narrow segment None 34. In strategic management, "strategic intent" refers to Short-term plans Visionary goals that guide the organization Specific budget allocations Detailed project timelines None 35. The GE-McKinsey Matrix assesses: Market attractiveness and business unit strength Economic conditions Employee satisfaction Inventory control None 36. Which strategy involves expanding by developing new products in existing markets? Market Development Product Development Market Penetration Cost Leadership None 37. A "grand strategy" is often used to: Address daily issues Provide overall direction to the enterprise Control production costs Assign employee tasks None 38. Which of the following is not a step in the strategic management process? Environmental analysis o b) o c) o d) Strategy implementation Strategy formulation Operational audit None 39. The "balance scorecard" approach was introduced by: Michael Porter Robert Kaplan and David Norton Henry Mintzberg Peter Drucker None 40. Which of the following describes a "blue ocean strategy"? Competing in existing markets Focusing on reducing costs Creating new market space with no competition Increasing market share in saturated markets 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! 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