Ymbiosis Institute of Management Studies (sims) – Pre- Orientation Quiz No 2
Ymbiosis Institute of Management Studies (sims) – Pre- Orientation Quiz No 2
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 is the use of computers and robots in the workplace. Operations
True
False
7.One disadvantage of specialization is worker dissatisfaction. Operations
True
False
8. Location decisions are basically one-time decisions usually made by new organizations. Operations
True
False
9. Advanced communications has aided globalization. Operations
True
False
10. An organization achieves quality by consistently meeting their competitors standards. Operations
True
False
11. Decision criteria Quantitative Techniques – TOPIC: Problem solving and decision making
are the choices faced by the decision maker.
are the problems faced by the decision maker.
are the ways to evaluate the choices faced by the decision maker.
must be unique for a problem.
12. A list of all possible outcomes of an experiment is called Quantitative Techniques – TOPIC: Sample space
the sample space.