MCQ Portal

1. In Operations Management, which principal function is primarily concerned with the "Movement of a given, requested, or acceptable specification"?

Manufacture Transport Supply Service

2. Which type of forecasting is most beneficial for production planning?

Short-term Medium-term Long-term None of the above

3. In which layout are similar types of machines and services grouped together?

Product or Line layout Process layout Group layout Fixed layout

4. The point-rating method is primarily associated with which of the following?

Transportation Simulation Queuing system Job Evaluation

5. What is the term for the ratio of Actual Production to Standard Production?

Standardization Simplification Productivity Actual Yield

6. Which of the following is recognized as a project management software program?

MS PowerPoint MS Excel MS Project MS Access

7. What type of spare parts are known for having a long life but can cause significant downtime due to long replacement times?

Insurance spares Rotable spares Regular spares Capital spares

8. Which of the following statements is not a method used for Operations Research problems?

Analytical method Simulation method Trial and error method None of the above

9. Which of the following serves as the benchmark for performance appraisal standards?

Mission Vision Objectives Values

10. Which of the following provides the broad data necessary to identify key drivers of change?

BCG matrix PESTEL analysis SWOT analysis Critical Success Factors

11. Any metric that measures whether an organization is achieving its set objectives and goals is referred to as:

Key Result Areas Key Performance Areas Task Control Key Performance Indicators

12. A shared, immutable ledger that facilitates the recording of transactions and tracking of assets in a business network is known as:

Artificial Intelligence Virtual Machine Machine Language Blockchain

13. What is the primary focus of a Blue Ocean Strategy?

Competing in existing market spaces Creating new market spaces and demand Reducing costs through competition Imitating successful competitors

14. Which of the following is a characteristic of a successful mission statement?

It is vague and broad It is specific and actionable It focuses solely on financial goals It is only relevant to top management

15. What does the term "competitive advantage" refer to in strategic management?

The ability to produce at a lower cost than competitors The ability to offer unique products or services Both A and B None of the above

June 23 OMSM Paper