MGT613 QUIZ 01

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January 5th, 2018

MGT613 QUIZ 01You are provided with question statements that are followed by four possible answer choices, Please select the one that best represents the answer.30 mintues.1.Which of the following activities is unnecessary ,when an organization decides to design its new product or service or refine its existing product or service:aTranslate customer wants and needs into product and service requirementsbRefine existing products and servicescDevelop new products and servicesdManage the purchasing activities religiously and diligently.2.While focusing on capacity planning, organizations look for which of the following alternatives.a.How much will it costb.How much holidays the workers can enjoy.c.How much compensation they need to pay to their CEO.d.None of the above3.Which of the following is not one of the assumptions for Cost Volume Analysisa.One product is not involvedb.Everything produced can be soldc.Variable cost per unit is the same regardless of volumed.Fixed costs do not change with volume4.Which of the following does not fall under Economic Production Quantity ( EPQ)a.Only two or more item are involvedb.Annual demand is knownc.Usage rate is constantd.Usage occurs continually5.Advantages of Process Layout Includea.Equipment used is less costlyb.Low unit cost.c.Labor specialization.d.Low material handling cost6.Common types of Operations includea.Continuous Processing.b.Intermittent Processing.c.Automationd.All of the above7.System performance is measured bya.Average number of customers being refused serviceb.Average time customers waitc.System utilizationd. b and c.8.Inventory carrying costs are influenced by:a.Order Quantity in Unitsb.Holding carrying cost per unit.c.Demandd.a and b only.9.Bar coding helps in determining the :a.Status of the inventory of an item in warehouseb.Price of the productc.Size of the lot as well as the size and specifications of the productd.All of the above10.Therbligs are basic elemental motions which include:a.Searchb.Selectc.Throwd.a and b only

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