exam for production management, operations management, demand forecasting, and new product 2025

Quality and cost control should be given a lot of importance in the production industry.
Select one:
True

False


The following are retrenchment strategies for the corporate level except for
Select one:
a. Turn around
b. Divestment
c. Liquidation

d. Strategic alliance


Which of the following does not belong to the importance of production management to business
organization?
Select one:
a. It helps to minimize the production costs.
b. It facilitates the optimum resource utilization
c. It helps in introducing old products.

d. It helps in the expansion of business.


The first step in the strategic management process is ________ .
Select one:
a. Strategic implementation
b. Evaluation and control
c. Strategy formulation

d. Environmental scanning


It refers to the value that each worker or employee creates per unit of his input.
Select one:
a. System productivity
b. Labor productivity
c. Capital productivity

,d. Personnel productivity
Production management decreases the reputation, goodwill and image of business organization.
Select one:
True

False


It is an act of creating something useful.
Select one:
a. Advertising
b. Production management
c. Production

d. Productivity


To match the demand for the product, right production capacity must be selected by production
management.
Select one:
True

False


Planning is not needed in production management.
Select one:
True

False


Production management facilitates the optimum resource utilization
Select one:
True

False

Production management is not related to operations management.
Select one:
True

, False

Strategy formulation for in corporate, business and functional levels are the same.
Select one:
True

False

Production management helps in the expansion of business.
Select one:
True

False

Which of the following steps should be done after measuring the performance and informing the
managers that the outcomes are outside the limits?
Select one:
a. From the accepted limits, analyze deviation.
b. Modifications will be executed, if necessary.
c. Measuring the performance and managers will be informed if the outcomes are outside the limits.

d. Performance targets, standards, and tolerance limits for the objectives are established.

No business organization could exist without operations management and supply chain.
Select one:
True

False



Organization's unit cost of production can fall as it expands because _________.
Select one:
a. It becomes financially advantageous to adopt no technology at all.
b. It becomes financially advantageous to adopt existing technologies.
c. It becomes financially advantageous to adopt obsolete existing technologies.

d. It becomes financially disadvantageous to adapt existing technologies.