Opreation

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Symbiosis Institute of Management Studies (SIMS) - Pre- Orientation Quiz no 2 (Batch 2011-13)

1. Pre- Orientation Primer (Batch 2011-13) 2. Quiz No. 2 3. Date: 10th May 2011 Duration: One Day Marks: 50 4. There are 4 subject quizzes. Each question carry one mark. 5.Please submit your solutions by 11th May 2011 by 6:00 pm.

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1. Modern firms increasingly rely on other firms to supply goods and services instead of doing these tasks themselves. This increased level of _____________ is leading to increased emphasis on ____________ management.

Operations

outsourcing; supply chain

offshoring; lean

downsizing; total quality

optimizing; inventory

internationalization; intercultural

2. Product design and choice of location are examples of _______ decisions

Operations

strategic

tactical

operational

customer focused

design

3. Which of the following features would not generally be considered common to all forecasts?

Operations

Assumption of a stable underlying causal system

Actual results will differ somewhat from predicted values.

Historical data is available on which to base the forecast.

Forecasts for groups of items tend to be more accurate than forecasts for individual items.

Accuracy decreases as the time horizon increases.

4. One way to increase reliability is to:

Operations

eliminate backup component

improve preventive maintenance procedures

increase mean repair time

increase the number of independent components

none of the above

5. Maximum capacity refers to the upper limit of:

Operations

inventories

demand

supplies

rate of output

finances

6.Ergonomics