Question: 2 0 . * * In operations management, the 'Theory of Constraints' focuses on: * * a . Identifying and managing system bottlenecks b .
In operations management, the 'Theory of Constraints' focuses on:
a Identifying and managing system bottlenecks
b Expanding market share
c Reducing marketing costs
d Increasing production volume
The EOQ model helps determine:
a The optimal order quantity
b The best marketing strategy
c The ideal production schedule
d The most efficient financial plan
Which of the following is a measure of productivity?
a Output per hour worked
b Sales revenue
c Market share
d Customer satisfaction
A fishbone diagram is used to:
a Identify potential causes of problems
b Develop marketing strategies
c Measure financial performance
d Analyze customer demographics
In operations management, 'outsourcing' refers to:
a Hiring more employees
b Purchasing raw materials from another country
c Contracting out business functions to external providers
d Developing inhouse production capabilities
The primary purpose of a process flowchart is to:
a Illustrate the steps in a process
b Analyze financial data
c Segment the market
d Develop new products
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