Description : Gantt chart (or Bar chart) is helpful in (A) Efficient utilisation of manpower and machines (B) Preparing production schedule (C) Efficient despatching of products (D) Inventory control
Last Answer : (B) Preparing production schedule
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by employing three time estimates per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Last Answer : b. Program evaluation review technique
Description : What network model enables engineer managers to schedule, monitor and control large and complex projects by using only one time factor per activity a. Forecasting b. Program evaluation review technique c. Critical path method d. simulation
Description : An operations manager is not likely to be involved in….. (a) the design of products and services to satisfy customers' wants and needs (b) the quality of products and services to satisfy customers' wants and needs (c) the identification of customers' wants and needs ; (d) forecasting sales
Last Answer : (c) the identification of customers' wants and needs ;
Description : Which of the following is displayed as an S curve? A. Gantt B. Cost baseline C. Critical path D. Schedule baseline
Last Answer : B. Cost baseline
Description : Can Forecasting Help In Controlling Inventory?
Last Answer : Yes, through the use of forecasts inventory levels can be set to meet the demands while keeping levels as low as possible.
Description : Tell Me Can Forecasting Help In Controlling Inventory?
Description : These TQM initiatives reduce administrative overhead; reduces the R&D cycle time and enhances the effectiveness of the promotion and sales budget. a. Concurrent Engineering (CCE); Channel Support systems ... Inventory d. Channel Support systems and Six Sigma e. Quality Initiative Training (QIT)
Last Answer : b. Quality Function Deployment and Benchmarking
Description : This process management initiative increases the effectiveness of the Sales Budget and therefore demand. a. Benchmarking b. Vendor/Just-in-Time Inventory (JIT) c. Continuous Product Improvement systems (CPI) d. Channel Support systems e. Quality Initiative Training (QIT)
Last Answer : d. Channel Support systems
Description : A ltd is a manufacturing company that has no production resource limitations for the foreseeable future. The Managing Director has asked the company mangers to coordinate the preparation of their budgets for the next financial year. In what order ... 5), (3), (2) (d) (4), (5), (3), (1), (2)
Last Answer : (b) (1), (5), (3), (4), (2)
Description : Which is false about production in Capsim? a. Teams cannot produce beyond 100% capacity. b. Teams should match their production schedule to the teams sales forecast. c. There is a one year lag ... year lag between purchase and use of additional production automation. e. All of the above are true.
Last Answer : a. Teams cannot produce beyond 100% capacity.
Description : One way to enter sales forecasts and production schedules is to develop a worst case/best case scenario. Where would you enter your best case scenario and where would you enter your ... Forecast cell on the Marketing spreadsheet and in the Production Schedule cell on the Production spreadsheet.
Last Answer : a. On the Marketing spreadsheet enter your worst case forecast in Your Sales Forecast cell, and on the Production spreadsheet enter your best case forecast in the Production Schedule cell.
Description : Most organizational purchase decisions are made by 1. one person 2. a team of purchasing agents 3. a firm's buying centre 4. inventory control personnel 5. the sales force
Last Answer : a firm's buying centre
Description : Most organisational purchase decisions are made by A)one person. B)a team of purchasing agents. C)a firm's buying centre. D)inventory control personnel. E)the sales force.
Last Answer : C)a firm's buying centre.
Description : Which of the following is an application of NN (Neural Network)? a) Sales forecasting b) Data validation c) Risk management d) All of the mentioned
Last Answer : d) All of the mentioned
Description : Sales forecasting involves 1. Sales planning 2. Sales pricing 3. Distribution Channels 4. Consumer tastes 5. all of these
Last Answer : Consumer tastes
Description : In forecasting, it is not likely that you will take half of the sales unless a. the product positioning is ideal. b. the product meets the top 2 buying criteria and the price is low. c. the positioning ... d. the price is at the low end of the range and the positioning, age and MTBF are superior.
Last Answer : d. the price is at the low end of the range and the positioning, age and MTBF are superior.
Description : Which sales forecasting technique would generally be most suitable for estimating the sales of a new product? A)Executive judgment B)Customer surveys C)Time series analysis D)Market tests E)Regression methods
Last Answer : D)Market tests
Description : The forecasting method that uses the firm's historical sales data in an attempt to find patterns in the firm's sales volume over time is A)the regression method. B)customer forecasting. C)a market test. D)sales -force forecasting. E)time series analysis..
Last Answer : E)time series analysis..
Description : While developing a company sales forecast, a marketer discovered a pattern in sales volume over the past ten years. Which sales forecasting technique was employed? A)surveys B)executive judgement C)time series analysis D)correlation methods
Last Answer : C)time series analysis
Description : The sales forecasting method that consists of making a product available to buyers in one or more locations and measuring purchases is A)a market test. B)the regression analysis. C)trend analysis. D)a survey. E)the Delphi technique.
Last Answer : A)a market test.
Description : Henry takes the company's sales for the past five years and calculates a growth trend. Which sales forecasting method is being employed? A)time series analysis B)executive judgement C)correlation methods D)market tests
Last Answer : A)time series analysis
Description : The forecasting model that pools the opinions of a group of experts or managers is known as the……… (a) sales force composition model ; (b) jury of executive opinion model (c) consumer market survey model ; (d) management coefficients model
Last Answer : (b) jury of executive opinion model
Description : Which of the following is not type of qualitative forecasting? (a) executive opinions ; (b) sales force composites ; (c) the Delphi method ; (d) moving average
Last Answer : Moving average
Description : Consider the following two statements: (a) Business intelligence and Data warehousing is used for forecasting and Data mining. (b) Business intelligence and Data warehousing is used for analysis of large volumes of sales data. Which one ... C) (a) is false, (b) is true (D) Both (a) and (b) are false
Last Answer : (B) Both (a) and (b) are true
Description : 6. Budgeted sales of X for March are 18000 units. At the end of the production process for X, 10% of production units are scrapped as defective. Opening inventories of X for March are ... have successfully passed the quality control check. The production budget for X for March, in units is:
Last Answer : (d) 16,000
Description : The wall of a dam is broader at the base (1) because streamlining is required (2) to withstand pressure that increases with depth (3) to withstand pressure that increases in a horizontal plane (4) to withstand pressure that is increased with atmospheric pressure
Last Answer : (2) to withstand pressure that increases with depth Explanation: Darns are built broader at the base for two reasons. The first is because it needs to be stable enough to support the dam, and two, ... the structure the lower levels of water are at higher pressure than the upper levels of the water.
Description : Give the significance of “Body streamlining” in an automobile.
Last Answer : 1. To reduce the air resistance during running. 2. Increase fuel efficiency. 3.Reduce power consumption.
Description : Explain the term “Streamlining”. State its effect on vehicle with suitable example.
Last Answer : Streamlining: To reduce the air resistance during running, the body of motor vehicle is so shaped that is streamlined. An arbitrary shape body of vehicle experiences a large air resistance. This leads to loss of power required ... (N/mm3) FD = Drag (N) CD = Coefficient of Drag Example:
Last Answer : to withstand pressure that increases with depth
Description : What is a good software package to make VERY quality charts and graphs to submit to academic journals (i.e., better than Microsoft Excel)
Last Answer : If you’re on a mac, iWork ‘09 make some incredibly nice looking charts.
Description : Air Quality Index is - (1) an air pollutant measuring machine (2) a measuring scale to show quality of air (3) used for measuring humidity level (4) used for forecasting rain
Last Answer : (2) a measuring scale to show quality of air Explanation: The AQI is an index for reporting daily air quality. It tells us how clean or polluted our air is, and what associated health effects might be a concern for us.
Description : ............................... is used to imitate an operation prior to actual performance. a. Inventory control b. Simulation c. Game theory d. Integrated Production Model
Last Answer : b. Simulation
Description : )The process control charts are used: 1. to graph what typically focuses on the prevention of a problem 2. to detect the problem 3. to reject the problem 4. to determine the acceptability of the same
Last Answer : 1. to graph what typically focuses on the prevention of a problem
Description : What are different types of control charts?
Last Answer : 1. X bar S chart 2. X bar R chart 3. I MR Chart 4. C Chart 5. U Chart 6. np Chart 7. P chart
Description : A compact estimate about the amount of materials handling between various work stations is obtained from the (A) Gantt chart (B) Bin chart (C) String diagram (D) Travel chart
Last Answer : (D) Travel chart
Description : What is the best database for managing the business end (sales & marketing, invoicing, inventory, etc.) of photographers/painters/sculptors?
Last Answer : An artist friend of mine just uses Quickbooks to manage his business. Its also what I use for my business, its quite versatile software.
Description : According to the Accounting Standard (AS)-2, the inventory is to be valued at which one of the following ? (A) Actual cost or sales value, whichever is lower (B) Historical cost (C) Net realizable value (D) Historical cost or net realizable value, whichever is lower
Last Answer : Answer: Historical cost or net realizable value, whichever is lower
Description : Economics in marketing can be achieved in terms of 1. sales literature 2. inventory management 3. after sales service requirements 4. all of the above 5. none of these
Last Answer : all of the above
Description : Which of the following accounts is not closed to Income Summary? a. Cost of Goods Sold b. Merchandise Inventory c. Sales d. Sales Discounts
Last Answer : b. Merchandise Inventory
Description : On October 4, 2008, Terry Corporation had credit sales transactions of $2,800 from merchandise having cost $1,900. The entries to record the day's credit transactions include a a. debit of $2,800 to ... c. debit of $1,900 to Merchandise Inventory. d. credit of $1,900 to Cost of Goods Sold.
Last Answer : b. credit of $2,800 to Sales.
Description : Gross profit is calculated by subtracting ________ from _________, a. operating expenses, net income b. sales discounts from sales revenue c. cost of goods sold, net sales revenue d. merchandise inventory, cost of goods sold
Last Answer : c. cost of goods sold, net sales revenue
Description : Which of the following accounts has a normal debit balance? a. Merchandise Inventory b. Sales Returns and Allowances c. Cost of goods sold d. Sales
Last Answer : d. Sales
Description : he journal entry to record a return of merchandise purchased on account under a perpetual inventory system would include a. Accounts Payable Sales Returns and Allowances b. Purchase Returns and ... Accounts Payable c. Accounts Payable Inventory d. Merchandise Inventory Cost of Goods Sold
Last Answer : d. Merchandise Inventory Cost of Goods Sold
Description : At the beginning of the year, Midtown Athletic had an inventory of $400,000. During the year, the company purchased goods costing $1,600,000. If Midtown Athletic reported ending inventory of $600,000 and sales of $2,000,000 ... a. $1,000,000 and 50%. b. $1,400,000 and 30%. c. $1,000,000 and 30%.
Last Answer : b. $1,400,000 and 30%.
Description : In preparing closing entries for a merchandising company, the Income Summary account will be credited for the balance of a. sales. b. merchandise inventory. c. sales discounts. d. freight-out.
Last Answer : b. merchandise inventory.
Description : When a seller grants credit for returned goods, the account that is credited is a. Sales. b. Sales Returns and Allowances. c. Merchandise Inventory. d. Accounts Receivable.
Last Answer : d. Accounts Receivable.