MGT613 Quiz # 2

Question # 10 of 10 ( Start time: 02:30:29 AM ) Total Marks: 1

Which of the following functions of an organization consists of all activities directly related to production of a good or service?

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Operations

Marketing

Accounting

Finance



Question # 9 of 10 ( Start time: 02:29:02 AM ) Total Marks: 1

How can you compute the cost of subcontracting?

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Subcontracting cost per unit – subcontracted quantity

Subcontracting cost per unit + subcontracted quantity

Subcontracting cost per unit × subcontracted quantity

Subcontracting cost per unit /subcontracted quantity



Question # 8 of 10 ( Start time: 02:27:42 AM ) Total Marks: 1

Six Sigma is primarily centered towards all of the following except:

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Cost cutting

Continuous improvement

Time saving

Quality improvement



Question # 7 of 10 ( Start time: 02:26:25 AM ) Total Marks: 1

Which ONE of the following statement correctly explains the difference between operations management (OM) and operations research (OR)?

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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.



Question # 6 of 10 ( Start time: 02:24:53 AM ) Total Marks: 1

What would be the total cost of inventory if a firm holds 200 units of a product ‘A’,where the carrying cost is Rs. 2 per unit?

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Rs. 202

Rs. 100

Rs. 198

Rs. 400



Question # 5 of 10 ( Start time: 02:23:31 AM ) Total Marks: 1

Which one of the following is a productivity measure based on all inputs?

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Capital productivity

Multifactor productivity

Partial productivity

Total productivity



Question # 4 of 10 ( Start time: 02:22:04 AM ) Total Marks: 1

If a firm subcontracts 300 units of a product ‘A’, with the subcontracting cost of Rs. 3 per unit. What would be the total subcontracting cost?

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Rs. 900

Rs. 100

Rs. 297

Rs. 303



Question # 3 of 10 ( Start time: 02:21:25 AM ) Total Marks: 1

Which one of the following formula can be used to compute break even point?

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Q = FC / (R + VC)

Q = VC / (R + FC)

Q = VC / (R - VC)

Q = FC / (R - VC)



Question # 2 of 10 ( Start time: 02:20:00 AM ) Total Marks: 1

Which one of the following is an implication of laplace approach of decision making?

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The best of the worst possible payoff

The best possible payoff

The best average payoff

The least of the worst regrets



Question # 1 of 10 ( Start time: 02:18:37 AM ) Total Marks: 1

In statistical process control, some tools are used primarily to detect production of defective products / services or process changes. What those tools are known as?

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Regression charts

Pareto charts

Control charts

Histograms