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?
Select correct option:

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?
Select correct option:

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:
Select correct option:

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)?
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.

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?
Select correct option:

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?
Select correct option:

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?
Select correct option:

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?
Select correct option:

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?
Select correct option:

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?
Select correct option:

Regression charts
Pareto charts
Control charts
Histograms