Test 407 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 is a tool for identifying waste in the production process? Value Stream Mapping Balanced Scorecard Gantt Chart Cash Flow Analysis None 2. The technique used to balance the load of workstations is called: Capacity Requirement Planning Load Leveling Line Balancing Bottleneck Analysis None 3. Which type of production involves making products in large quantities with standard specifications? Batch Production o b) Mass Production Job Production Custom Production None 4. In a Gantt chart, the horizontal axis represents: Cost Time Resources Processes None 5. The Economic Production Quantity (EPQ) model is used for: Ordering inventory in one go Continuous production without stopping Managing batch production with gradual replenishment Managing distribution costs None 6. . Which maintenance approach aims at predicting failures before they occur? Preventive Maintenance Predictive Maintenance Corrective Maintenance Reactive Maintenance None 7. Which of the following is the first step in implementing Six Sigma? Define the problem Improve the process Measure the current pro Control the results None 8. The inventory control model designed to minimize the sum of ordering and holding costs is called: ABC Analysis Economic Order Quantity (EOQ) JIT MRP None 9. Which of the following is an example of continuous production? Automobile assembly line Custom furniture production Printing press Shoe repair service None 10. Which of the following is not a benefit of JIT production? Reduced inventory costs Improved quality Increased setup times Shorter lead times None 11. Which term describes the analysis of all activities involved in bringing a product from raw material to the customer? Supply Chain Analysis Demand Forecasting Value Chain Analysis Market Segmentation None 12. What is the main focus of cellular manufacturing? Using robots for production Grouping similar products for efficiency Reducing downtime by using identical workstations Creating distinct work areas for different product lines None 13. The purpose of an Andon system in lean manufacturing is to: Signal an immediate stop when there is a problem Control inventory levels Measure employee performance Track production costs None 14. . Which of the following refers to the ability to switch quickly between different product configurations in production? Flexibility Versatility Product Mix Mass Customization None 15. Which type of layout is used when production processes are organized by product flow? Fixed Position Layout Product Layout Process Layout Hybrid Layout None 16. Which of the following best describes takt time? The time taken for equipment maintenance The rate of production needed to meet customer demand The time between ordering and receiving inventory The time a machine is idle None 17. Which of the following is a pull-based production system? ERP JIT MRP SPT None 18. Which of the following best describes Total Productive Maintenance (TPM)? Repairing machines after they break down Preventing breakdowns by involving employees in maintenance Outsourcing machine maintenance tasks Reducing downtime by maintaining inventory None 19. The bullwhip effect occurs in supply chains due to: Consistent demand Fluctuating customer orders that amplify as they move upstream Steady supply Reduced inventory None 20. A Pareto chart is used to: Plot a project schedule Identify the most significant factors in a process Develop a work breakdown structure Manage capacity requirements None 21. Which of the following strategies is focused on achieving cost efficiency and selling at a lower price than competitors? Differentiation Strategy Cost Leadership Strategy Market Development Strategy Focus Strategy None 22. Which of the following describes backward integration? Acquiring competitors in the same industry Acquiring suppliers of raw materials Expanding into unrelated industries Diversifying within the same sector None 23. Which of the following is not part of a PESTLE analysis? Technological factors Political factors Logistical factors Environmental factors None 24. Which of the following describes market penetration as a growth strategy? Entering new markets with new products Introducing new products to existing customers Increasing market share in existing markets Creating unrelated business units None 25. Which of the following tools is used to identify an organization's strengths, weaknesses, opportunities, and threats? SWOT Analysis PERT Chart Break-even Analysis Gantt Chart None 26. Which of the following is an advantage of the differentiation strategy? Reducing cost of production Increasing brand loyalty by offering unique features Expanding into unrelated markets Focusing on mass production None 27. What is the primary purpose of a vision statement? To define the organization's future aspirations To describe current operations To list business processes To detail annual budgets None 28. . In Porter's Five Forces model, which of the following represents a barrier to entry? Low cost of switching suppliers High brand loyalty among consumers Abundance of substitute products High bargaining power of suppliers None 29. . A "question mark" in the BCG Matrix represents a product with: High market share and low growth Low market share and high growth High market share and high growth Low market share and low growth None 30. Which growth strategy involves introducing new products to new markets? Market Penetration Product Development Market Development Diversification None 31. The GE-McKinsey Matrix uses which two dimensions for evaluating business units? Market growth rate and market share Market attractiveness and business strength Product quality and pricing Supply chain efficiency and customer loyalty None 32. Which of the following describes a retrenchment strategy? Expanding into a new geographic area Reducing the scale of operations Acquiring a competitor Introducing new product features None 33. What is meant by "strategic alliance"? Merging with a competitor Acquiring suppliers Forming a partnership to achieve mutual goals Selling products under a different brand name None 34. Which analysis is used to evaluate the impact of external factors on an organization? PESTLE Analysis SWOT Analysis BCG Matrix Balanced Scorecard None 35. Which type of diversification involves expanding into industries that are related to the core business? Horizontal Diversification Concentric Diversification Conglomerate Diversification Vertical Integration None 36. What is "mission drift"? Expansion of business into new markets Gradual deviation from the organization's core mission Focus on reducing operational costs Improvement of employee skills None 37. Which of the following describes the main goal of strategic management? Improve operational efficiency Achieve long-term organizational objectives Reduce cost of goods sold Focus on short-term profitability None 38. In Porter's Generic Strategies, which strategy aims to serve a particular target market well? Focus Strategy Cost Leadership Strategy Differentiation Strategy Market Development Strategy None 39. Which type of corporate strategy involves merging with or acquiring another company in a similar line of business? Horizontal Integration Vertical Integration Conglomerate Diversification Product Development None 40. Which tool is used to evaluate the current portfolio of strategic business units? BCG Matrix Gantt Chart Critical Path Method (CPM) Balance Sheet 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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