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web.groovymark@gmail.com
- December 12, 2024
Question 41
What is ‘just-in-time’ (JIT) inventory?
a) Inventory that is always available to avoid stockouts
b) Inventory that is ordered and received just before it is needed in production
c) A strategy for keeping a large stock of raw materials
d) An inventory strategy to increase production speed
Answer: b) Inventory that is ordered and received just before it is needed in production
Explanation: Just-in-time inventory systems minimize excess stock by delivering materials just in time for production, reducing waste and storage costs.
Question 42
What is ‘project termination’?
a) The phase where project activities are reviewed
b) The final phase of the project life cycle where the project is closed
c) The phase where additional resources are allocated
d) The phase where the project scope is adjusted
Answer: b) The final phase of the project life cycle where the project is closed
Explanation: Project termination is the last phase in the project life cycle, where the project is officially completed, and any remaining resources are reallocated or disposed of.
Question 43
What is ‘ISO 14000’?
a) A series of standards for environmental management
b) A certification for quality management systems
c) A standard for managing supply chain risks
d) A set of guidelines for customer relationship management
Answer: a) A series of standards for environmental management
Explanation: ISO 14000 is a set of standards that help organizations manage their environmental responsibilities, aiming for sustainability and regulatory compliance.
Question 44
What is ‘horizontal integration’?
a) A strategy where a company acquires its suppliers
b) A strategy where a company merges with its competitors
c) A method to reduce inventory costs
d) A plan to outsource production tasks
Answer: b) A strategy where a company merges with its competitors
Explanation: Horizontal integration refers to the acquisition or merger of companies in the same industry to increase market share and reduce competition.
Question 45
What does ‘infinite loading’ in scheduling refer to?
a) Scheduling that considers all available resources
b) Scheduling that ignores capacity limitations
c) Scheduling based on the earliest possible completion date
d) Scheduling to minimize overtime work
Answer: b) Scheduling that ignores capacity limitations
Explanation: Infinite loading schedules work without considering available capacity, meaning tasks are scheduled based on need, regardless of resource constraints.
Question 46
What is ‘capacity measurement at the best operating level’?
a) When all employees are working at full potential
b) When the average cost per unit is minimized
c) When production lines are running at maximum speed
d) When the highest output is achieved under any conditions
Answer: b) When the average cost per unit is minimized
Explanation: Best operating level refers to the point at which the production process operates at an optimal capacity, minimizing the cost per unit of output.
Question 47
What is ‘perpetual inventory review’?
a) Physical verification done annually
b) A system that continuously tracks inventory levels
c) A system that monitors inventory only when orders are placed
d) A method for stock-taking once a year
Answer: b) A system that continuously tracks inventory levels
Explanation: Perpetual inventory review maintains an ongoing record of inventory levels, ensuring real-time updates as stock is added or used.
Question 48
What is ‘standard time’ in work measurement?
a) The time an employee is expected to work in a day
b) The average time it takes to complete a task under normal conditions
c) The maximum time allowed for a task
d) The time measured under ideal conditions
Answer: b) The average time it takes to complete a task under normal conditions
Explanation: Standard time refers to the expected time required for a trained worker to complete a task under normal working conditions.
Question 49
What is ‘group technology’ in operations?
a) A system for outsourcing production tasks
b) A strategy where similar parts or processes are grouped together
c) A method for increasing production line efficiency
d) A technology for improving communication in teams
Answer: b) A strategy where similar parts or processes are grouped together
Explanation: Group technology involves organizing production around similar parts or processes to improve efficiency and reduce setup times.
Question 50
What is ‘forward scheduling’?
a) Scheduling based on available resources
b) Scheduling that starts tasks as soon as possible
c) Scheduling tasks to finish before the deadline
d) Scheduling based on employee availability
Answer: b) Scheduling that starts tasks as soon as possible
Explanation: Forward scheduling starts tasks immediately, without considering deadlines, aiming to complete them as early as possible.
