Question: 2 0 . * * In operations management, the 'Theory of Constraints' focuses on: * * a . Identifying and managing system bottlenecks b .

20.**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
21.**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
22.**Which of the following is a measure of productivity?**
a. Output per hour worked
b. Sales revenue
c. Market share
d. Customer satisfaction
23.**A fishbone diagram is used to:**
a. Identify potential causes of problems
b. Develop marketing strategies
c. Measure financial performance
d. Analyze customer demographics
24.**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 in-house production capabilities
25.**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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