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web.groovymark@gmail.com
- December 12, 2024
Question 41
What is ‘finite loading’ in production scheduling?
a) Scheduling work centers up to a predetermined capacity
b) Scheduling work without considering capacity
c) Scheduling tasks based on customer demand
d) Scheduling tasks based on available workforce
Answer: a) Scheduling work centers up to a predetermined capacity
Explanation: Finite loading ensures that work centers are not overloaded by scheduling tasks based on available capacity.
Question 42
What is ‘random causes’?
a) Causes of variation that cannot be identified and are unavoidable
b) Causes of variation that can be controlled and minimized
c) Causes of variation that occur due to human error
d) Causes of variation that result from equipment malfunction
Answer: a) Causes of variation that cannot be identified and are unavoidable
Explanation: Random causes, also known as common causes, are natural variations in processes that cannot be eliminated and must be accounted for.
Question 43
What is the ‘execution’ stage in project management?
a) Completing the project and closing all activities
b) Initiating the project and obtaining approval
c) Carrying out tasks to achieve project objectives
d) Evaluating the project’s impact on the organization
Answer: c) Carrying out tasks to achieve project objectives
Explanation: The execution stage of project management involves implementing the project plan and working toward the project's goals.
Question 44
What is ‘horizontal integration’?
a) Acquiring companies that operate in the same industry
b) Acquiring companies that supply raw materials
c) Expanding into unrelated industries
d) Outsourcing production to third parties
Answer: a) Acquiring companies that operate in the same industry
Explanation: Horizontal integration occurs when a company acquires or merges with another company in the same industry to increase market share and reduce competition.
Question 45
What is the ‘mean’?
a) The difference between the highest and lowest values in a data set
b) The most frequent value in a data set
c) The central tendency of a set of data, calculated as the average
d) The midpoint value in a data set
Answer: c) The central tendency of a set of data, calculated as the average
Explanation: The mean is a statistical measure that represents the average of a set of numbers, calculated by dividing the sum of all values by the number of values.
Question 46
What is ‘just-in-time’ (JIT)?
a) A system that maximizes inventory levels to reduce stockouts
b) A system that reduces waste by producing only what is needed when it is needed
c) A method for increasing production output
d) A strategy for reducing employee turnover
Answer: b) A system that reduces waste by producing only what is needed when it is needed
Explanation: Just-in-time (JIT) is a production system that aims to minimize waste and increase efficiency by producing goods only as they are needed.
Question 47
What is ‘backward scheduling’?
a) Scheduling that begins with the earliest possible start date
b) Scheduling that starts with the due date and works backward
c) Scheduling that focuses on employee availability
d) Scheduling that ignores capacity constraints
Answer: b) Scheduling that starts with the due date and works backward
Explanation: Backward scheduling calculates the latest possible start date for a task by starting with the due date and working backward.
Question 48
What is ‘observed time’?
a) The actual time taken to complete a task
b) The time estimated for completing a task under ideal conditions
c) The average time taken by all workers to complete a task
d) The maximum allowable time for completing a task
Answer: a) The actual time taken to complete a task
Explanation: Observed time is the actual time measured for completing a specific task, as opposed to estimated or theoretical times.
Question 49
What is ‘vertical integration’?
a) Acquiring companies that operate in the same industry
b) Acquiring companies that supply raw materials or distribute products
c) Expanding into unrelated industries
d) Outsourcing production to third parties
Answer: b) Acquiring companies that supply raw materials or distribute products
Explanation: Vertical integration occurs when a company acquires suppliers or distributors to control more stages of its production or distribution process.
Question 50
What is the ‘termination’ stage in project management?
a) The phase where the project is planned
b) The phase where project resources are allocated
c) The phase where the project is completed and closed
d) The phase where tasks are carried out
Answer: c) The phase where the project is completed and closed
Explanation: The termination stage marks the conclusion of a project, where all tasks are completed, and the project is formally closed.
