MGT613 4th QUIZ

MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 56
sec(s)


Question # 1 of 15 ( Start time: 01:41:03 PM ) Total Marks: 1
Which of the following functions of an organization consists of all activities directly related to production of a good or service?
Select correct option:

Operations ------------
Marketing
Accounting
Finance



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 60
sec(s)


Question # 2 of 15 ( Start time: 01:41:45 PM ) Total Marks: 1
Which of the following statements corresponds to an order-winning characteristic?
Select correct option:

A factor which may be significant in other parts of the organization
A factor which gives an organization a competitive edge ----
A factor which serves as a minimum standard for purchase
A factor which increases the profitability of the organization



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 12
sec(s)


Question # 3 of 15 ( Start time: 01:42:24 PM ) Total Marks: 1
Which one of the following is an application of simple exponential smoothing?
Select correct option:

Establishing durability
Finding reliability ----------
Scheduling services
Quality improvement



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 60
sec(s)


Question # 4 of 15 ( Start time: 01:43:52 PM ) Total Marks: 1
Which one of the following is a curve showing failure rate over time?
Select correct option:

Cost curve
Bath tub curve -------
Fish bone diagram
Reliability curve



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 63
sec(s)


Question # 5 of 15 ( Start time: 01:44:30 PM ) Total Marks: 1
Which one of the following is an index used to measure actual output relative to design capacity?
Select correct option:
----------

Efficiency

Effective capacity

Effectiveness




MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 6
sec(s)


Question # 6 of 15 ( Start time: 01:45:06 PM ) Total Marks: 1
Which one of the following is NOT used for decision making under uncertainty?
Select correct option:

Maximax

Mmaximin
Mminimax regret
EMV criterion-------



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 65
sec(s)


Question # 7 of 15 ( Start time: 01:46:33 PM ) Total Marks: 1
Which one of the following is NOT a business application of forecasting?
Select correct option:

Budgeting
Capacity planning
Inventory management
Quality control-------------



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 51
sec(s)


Question # 8 of 15 ( Start time: 01:47:08 PM ) Total Marks: 1
As a manager, you have defined the purpose of the forecasts. What should be the next step in forecasting process?
Select correct option:

Choose a forecasting technique.
Determine the purpose of the forecast.
Set up a time horizon or a time limit ------------
Collect and analyze the appropriate data.



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 4
sec(s)


Question # 9 of 15 ( Start time: 01:47:55 PM ) Total Marks: 1
Which ONE of the following statement correctly explains the difference between operations management (OM) and operations research (OR)?
Select correct option:

OM relies on mathematical modeling and OR focus on practical scenarios.
OM is more powerful to improve the whole system OR relies on mathematical modeling.
OM is relies on practical scenarios and Or relies on Mathematical modeling.
OM relies on mathematical modeling and OR is considered to be one of the critical tools of mangers.



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 11
sec(s)


Question # 10 of 15 ( Start time: 01:49:23 PM ) Total Marks: 1
Which of the following is NOT an attribute to classify services?
Select correct option:

Tangibility
Perishability
Simultaneity
Degree of customer contact





MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 35
sec(s)


Question # 11 of 15 ( Start time: 01:50:49 PM ) Total Marks: 1
Which one of the following is true about Taguchi approach?
Select correct option:

To test the robustness of a design --------
To articulate the “voice of the customer”
To reduce the degree of automation
To create a concurrent design


MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 40
sec(s)


Question # 12 of 15 ( Start time: 01:51:53 PM ) Total Marks: 1
Which one of the following is a pessimistic approach in decision making theory?
Select correct option:

Maximin -----------
Maximax
Minimax regret
Laplace



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 59
sec(s)


Question # 13 of 15 ( Start time: 01:52:50 PM ) Total Marks: 1
Forecasting accuracy has_______ relation with time horizon.
Select correct option:

Inverse --------
Linear
Direct
Parallel



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 24
sec(s)


Question # 14 of 15 ( Start time: 01:53:28 PM ) Total Marks: 1
Organizational strategy is different from operations strategy because it is;
Select correct option:

Prepared by middle managers
Narrower in scope
Longer in time horizon
All of the above ----



MC090201423 : Zoya Abbas

Quiz Start Time: 01:41 PM Time Left 49
sec(s)


Question # 15 of 15 ( Start time: 01:54:41 PM ) Total Marks: 1
Productivity ratios are used in;
Select correct option:

Planning work force requirements
Scheduling equipments
Financial analysis
All of the above-------

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