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1. Which recent trend in Production/Operations Management involves breakthrough improvements to enhance firm performance?

Corporate Downsizing Re-Engineering Technology TQM

2. The starting point of the Production Cycle is:

Product Design Production Planning Routing Market Research

3. Which process type is used when a highly standardized product is needed in high volumes?

Repetitive Process Batch Process Project Process Continuous Process

4. Which of the following focuses on finding the best way to utilize available resources?

Method Study Work Study Time Study Motion Study

5. Generally, the order size in Job Production is:

Small Large Medium Very Large

6. Which of the following statements is NOT correct?

LFT is calculated from the LFT of the head event Slack is calculated by adding EFT and LFT of a job EFT is the sum of EST and duration time Total Project time is the shortest possible time to complete the project

7. Which of the following is NOT an advantage of Preventive Maintenance?

Better product quality Greater safety to workers Increased breakdowns and downtime Fewer large-scale repairs

8. Which of the following establishes the time sequence of operations?

Routing Sequencing Scheduling Dispatching

9. What does MRP stand for?

Material Requirement Planning Material Reordering Planning Material Requisition Procedure Material Recording Procedure

10. Which statement about Aggregate Planning is NOT correct?

It is an Intermediate-term planning It is made operational through a master schedule Facility planning and scheduling are closely related It involves strategic decisions such as facility purchase

11. A corporate strategy can be defined as:

A list of actions about operational planning and statement of organization structure and control system. A statement of how to compete, direction of growth, and method of assessing the environment. Abatement of organization’s activities and allocation of resources. A course of action or choice of alternatives, specifying the resources required to achieve certain stated objectives.

12. The existence of price-wars in the airline industry in India indicates that:

Customers are relatively weak because of the high switching costs created by frequent flyer programs. The industry is moving towards differentiation of services. The competitive rivalry in the industry is severe. The economic segment of the external environment has shifted, but the airline strategies have not changed.

13. Business Process Re-engineering is:

Eliminating loss-making processes. Redesigning operational processes. Redesigning the product and services. Recruiting the process engineers.

14. Which one or more of the following are appropriate as a judicious mix for a Product line, which is a group of products?

That are closely related. That are marketed through the same channel. That perform a similar function for being sold to the same customers. All of the above.

15. The Product Market matrix comprising of strategies like Market Penetration, Market Development, Product Development, and Diversification was first formulated by:

Ansoff Drucker Porter Prahlad

16. Price fixation for the first time takes place when:

A company develops or acquires a new product. Introducing an existing product into a new geographic area or a new distribution channel. A service, where the company bids for a new contract work. All of the above.

Dec 2018 OMSM Paper

The Number of MCQs are limited as per ICMAI Past Paper in Syllabus 2016