Mock Exam [100% Correct Answers ]
2024/2025
What is the main objective of Operations Management?
**ANS** To efficiently produce goods and services.
Which of the following is a core function of operations management?
**ANS** Managing the transformation process from inputs to outputs.
What does the "transformation process" in operations management involve?
**ANS** Converting inputs like labor, materials, and technology into outputs like goods and services.
What is "capacity planning" in operations management?
**ANS** Determining the production capacity needed by an organization to meet changing demands for
its products.
Which type of layout is commonly used for high-volume, low-variety production?
**ANS** Product layout.
What is the primary focus of Just-In-Time (JIT) inventory systems?
**ANS** Reducing waste and improving process efficiency by receiving materials only as they are
needed.
What is a common characteristic of Total Quality Management (TQM)?
**ANS** A continuous improvement process involving everyone in the organization.
How does Six Sigma aim to improve business processes?
**ANS** By reducing variation and improving quality.
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, What is "lean production" primarily concerned with?
**ANS** Minimizing waste without sacrificing productivity.
In operations management, what is the purpose of forecasting?
**ANS** Predicting future demand to make informed production and capacity decisions.
What does the term "bottleneck" refer to in a production process?
**ANS** A stage in the process that reduces the overall speed and efficiency of production.
Which key performance indicator measures the time between ordering and receiving inventory?
**ANS** Lead time.
What does "process strategy" in operations management refer to?
**ANS** The approach an organization takes to transform resources into goods and services.
What is a common method used for determining capacity requirements in manufacturing?
**ANS** Break-even analysis.
What does the Economic Order Quantity (EOQ) model determine?
**ANS** The optimal order quantity to minimize total inventory costs.
What is "aggregate planning" in operations management?
**ANS** Developing, analyzing, and maintaining a production schedule that balances supply and
demand.
What is the focus of supply chain management?
**ANS** The coordination and management of all activities involved in sourcing, procurement,
conversion, and logistics.
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