Operation Management Quiz Set 2

1. Which of the following statements about quantity discounts is false?

Correct! Wrong!

2. The layout strategy that deals with low-volume, high-variety production is?

Correct! Wrong!

3. A good layout requires determining?

Correct! Wrong!

4. For which of the following operations would a fixed-position layout be most appropriate?

Correct! Wrong!

5. The type of layout which features departments or other functional groupings in which similar activities are performed is?

Correct! Wrong!

6. According to Heizer and Render, an office layout?

Correct! Wrong!

7. According to Heizer and Render, a retail/service layout?

Correct! Wrong!

8. Balancing low-cost storage with low-cost material handling is important in?

Correct! Wrong!

9. Which type of layout is used to achieve a smooth and rapid flow of large volumes of output?

Correct! Wrong!

10. Which of the following are strongly associated with "crossdocking"?

Correct! Wrong!

11. Which of the following is not an inventory?

Correct! Wrong!

12. The following classes of costs are usually involved in inventory decisions except?

Correct! Wrong!

13. The cost of insurance and taxes are included in?

Correct! Wrong!

14. ‘Buffer stock’ is the level of stock?

Correct! Wrong!

15. The minimum stock level is calculated as?

Correct! Wrong!

16. Which of the following is true for Inventory control?

Correct! Wrong!

17. The time period between placing an order its receipt in stock is known as?

Correct! Wrong!

18. Re-ordering level is calculated as?

Correct! Wrong!

19. Average stock level can be calculated as?

Correct! Wrong!

20. The Economic Order Quantity (EOQ) is calculated as? Where, D=Annual demand (units), S=Cost per order, h=Annual carrying cost per unit

Correct! Wrong!

Operation Management Quiz Set 2

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