Description : The Mission of the Organization only identifies the scope of the Company’s Operations in terms of Products offered and Markets served
Last Answer : False
Description : The process of identifying the probability of occurrence of a natural hazard of a given intensity at a specific location based on an analysis of natural processes and site conditions is termed as- (a) Disaster calculation (b) Hazard Assessment (c) Hazard calculation (d) None of the above
Last Answer : (b) Hazard Assessment
Description : Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to ... be improved (d) The era of Operations Management will be succeeded by the era of scientific management
Last Answer : (c) Management must do more to improve the work environment and its processes so that quality can be improved
Description : In government auditing, the three elements of expanded scope auditing are a. Goal analysis, audits of operations, audit of systems. b. Financial and compliance, economy and efficiency, program ... , post-audit, internal audit. d. National government audit, local government audit, corporation audit
Last Answer : Financial and compliance, economy and efficiency, program results.
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 : Current trends in operations management include all of the following except (a) Just-in-time performance ; (b) rapid product development ; (c) mass customization (d) mass production
Last Answer : (d) mass production
Description : Strategic Mission ------------------ : A. Is a statement of a Firm's unique purpose & scope of Operations B. Is an internally focused affirmation of the Organizational, Societal and Ethical ... the Co. intends to compete D. Is developed by a Firm before the Firm develops it's Strategic Intent
Last Answer : Is a statement of a Firm’s unique purpose & scope of Operations
Description : Operations include…. A. Organization-wide decisions B. Creating a new direction C. Tactically specific D. Long Term
Last Answer : Tactically specific
Description : Which of the following is true regarding the project scope statement? A. The project scope statement includes a change control system that describes how to make changes to the ... reliability of the project scope and describes the process for verifying and accepting completed deliverables.
Last Answer : B. The project scope further elaborates the Initiating processes and serves as a basis for future project decisions.
Description : Factors Factors affecting affecting location location decisions decisions include include a)Proximity to markets, proximity to suppliers, proximity to athletic facilities b)Site costs, transportation availability, labour ... in college d)Utility costs, zoning, altitude of city e)All of the above
Last Answer : e)All of the above
Description : Disaster management is aimed ata. Resettling people in the closest unaffected urban area a. Resettling people in the closest unaffected urban area b. Collection of valuable data for future ... a future disaster d. Restoring a communitys services, facilities and residences to pre-disaster levels
Last Answer : d. Restoring a communitys services, facilities and residences to pre-disaster levels
Description : Which of Which of the following activ ng activities is not a direct responsi esponsibility of operati operations management? a. Planning Planning & controlling controlling the operations operations b ... operation operation d. Determining the exact mix of products & services that customers will want
Last Answer : d. Determining the exact mix of products & services that customers will want
Description : Which of the following is least likely included in an auditor's inquiry of management while obtaining information to identify the risks of material misstatement due to fraud? a. Are financial reporting ... d. Has it reported to the audit committee the nature of the company's internal control?
Last Answer : Are financial reporting operations controlled by and limited to one location?
Description : In an organization that has high centralization (a) Problem can be quickly and efficiently solved (b) The corporate headquarters is located centrally to branch offices (c) Top managers make ... merely carry out directions (d) All top-level officials are located within the same geographic area
Last Answer : (c) Top managers make all the decisions-lower-level managers merely carry out directions
Description : Using organization's existing under-utilized resources or capabilities (technologies, distribution channels, brands etc.) to new markets, products or services, is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale
Last Answer : Economies of Scope
Description : A business is able to reduce total cost by spreading fixed costs across a wider range of products. This is known as…. A. Economies of Scope B. The Experience Curve C. Economies of Capacity D. Economies of Scale
Last Answer : Economies of Scale
Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of the ... . Strategic issues require considering only the firm's external environment D. None of these options
Last Answer : Strategic issues require large amounts of the firm’s resources
Description : Strategic Management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty
Last Answer : True
Description : An objective, logical, systematic approach for making major decisions in an Organization is a way to describe the Strategic Management process
Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of ... Strategic issues require considering only the firm's external environment D. None of these options
Description : Organizational Culture has largely been created by previous Management actions and decisions, so can be changed in the future “. The statement is --------------- : A. False B. True C. May be D. None of these
Description : The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning
Last Answer : Make Strategic Decisions
Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company
Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company
Description : Which of the following is NOT an advantage of Strategic Management ? A. It provides organizations with a clearer sense of direction and purpose B. It helps improve the political, ... orientate Mgt. decisions to relevant environmental conditions D. It helps organizations be proactive than reactive
Last Answer : It helps improve the political, economic, social and technological environment of the Orgn
Description : Which management concept suggests that low-importance decisions be handled by subordinates, so that managers can focus on high-importance decisions? (a) management by objective ; (b) management by exception ; (c) Participatory management (d) inclusionary management
Last Answer : (b) management by exception ;
Description : 8. Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis? a. C. Kitte b. H.M. Wagner c. E.L. Arnoff d. None of the above
Last Answer : a. C. Kitte
Description : The internal auditing profession has advanced primarily as a result of a. Increased interest by Bachelor of Science in Accountancy (BSA) graduates and experienced auditors. b. The ... emphasis on background knowledge and skills. d. Increased complexity and sophistication of business operations.
Last Answer : Increased complexity and sophistication of business operations.
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : Communication management: 1. Is important only in projects involving telephone, television, radio, or newspaper production facilities and operations 2. Is not a big problem for people with normal ... . Involves the originator, the message, the medium and the receiver 4. Preparing an agenda
Last Answer : 3. Involves the originator, the message, the medium and the receiver
Description : A time budget is an estimate of the total hours an audit is expected to take. The following are among the factors to be considered in developing this budget, except a. Client's size as indicated ... experience of available staff. d. Whether the audit is performed during the interim or at year-end.
Last Answer : Whether the audit is performed during the interim or at year-end.
Description : Which of the following is the best explanation of business process reengineering? A. Redesigning the organizational structure of a business B. Redesigning workflow C. Redesigning products D. Transformation of business processes for more effective achievement of business goals
Last Answer : D. Transformation of business processes for more effective achievement of business goals
Description : The ____________________ and ____________________ manage the supplier relations, monitor the vendor activities and manage the supplier quality in an organisation. A. Supplier management, ... processes C. Supplier management, control processes D. Supplier maintenance, customisation processes
Last Answer : C. Supplier management, control processes
Description : Which type of decision making is carried out by lower level management and deals with specific dayto-day processes? (a) Programmed decision making ; (b) Operational decision making ; (c) Administrative decision making ; (d) Mid-level decision making
Last Answer : (b) Operational decision making ;
Description : Michael Porter has argued that: a) the logic of old economy strategies remains the same for internet-based companies. b) the internet did not bring new types of products/services or large ... does not matter to global competition. d) the internet does not help to improve company operations.
Last Answer : the logic of old economy strategies remains the same for internet-based companies.
Description : Traffic counts and demographic analysis of dr s of drawing areas are associated with a. industrial location decisions b. manufacturing location manufacturing location decisions decisions c. service location decisions d. the transportation transportation method
Last Answer : c. service location decisions
Description : The BALANCED SCORECARD is NOT a tool for monitoring…. A. Financial Perspective B. SWOT Analysis C. People & Process Perspective D. All of these options apply.
Last Answer : SWOT Analysis
Description : Many sophisticated techniques or tolls are useful in decision-making. Which of the following is a tool that helps managers figure out how much to produce and points out the relationship between revenues, ... Marginal analysis ; (b) Breakeven analysis ; (c) Ratio analysis ; (d) Financial analysis
Last Answer : (b) Breakeven analysis ;
Description : Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success
Description : Mr. (A) is a manager in a manufacturing company, he attempts to establish a culture of quality affecting the attitudes and actions of every employee and relies on a workforce that wants to ... Management ; (b) Knowledge management ; (c) Operations Management (d) Management of Information System
Last Answer : (c) Operations Management
Description : Budgeting, paying the bills, and collection of funds are activities associated with the (a) management function ; (b) finance/accounting function (c) production/operations function ; (d) staffing function
Last Answer : (b) finance/accounting function
Description : The five elements in the management process are (a) plan, direct, update, lead, and supervise (b) accounting/finance, marketing, operations, and management (c) organize, plan, control, staff, and manage (d) plan, lead, organize, manage, and control
Last Answer : (d) plan, lead, organize, manage, and control
Description : The field of operations management is shaped by advances in which of the following fields? (a) chemistry and physics ; (b) industrial engineering and management science (c) information sciences ; (d) all of the above
Last Answer : (d) all of the above
Description : Who among the following is associated with contributions to quality control in operations management? (a) Charles Babbage ; (b) Frank Gilbreth ; (c) W. Edwards Deming ; (d) Henri Fayol
Last Answer : (c) W. Edwards Deming ;
Description : Henry Ford is noted for his contributions to (a) standardization of parts ; (b) statistical quality control ; (c) assembly line operations (d) scientific management
Last Answer : (c) assembly line operations
Description : Walter Shewhart is listed among the important people of operations management because of his contributions to (a) assembly line production ; (b) measuring the productivity in the service sector (c) statistical quality control ; (d) all of the above
Last Answer : (c) statistical quality control ;
Description : Operations management is applicable (a) mostly to the service sector ; (b) mostly to the manufacturing sector (c) to manufacturing and service sectors ; (d) to the manufacturing sector exclusively
Last Answer : (c) to manufacturing and service sectors ;