$2$Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

Dont Use AI tools i will Dislike

$*$ Operations Management primarily focuses on:

$*$ A$.$ Marketing and customer service

$*$ B$.$ Financial analysis and accounting

$*$ C$.$ Efficient use of resources in production

$*$ D$.$ Strategic human resource planning

$*$ Which is NOT a typical decision area for Operations Managers?

$*$ A$.$ Capacity planning

$*$ B$.$ Product pricing

$*$ C$.$ Location strategy

$*$ D$.$ Quality control

$*$ The "transformation process" in Operations Management refers to:

$*$ A$.$ Changing a company's business model

$*$ B$.$ Converting inputs into goods$/$services

$*$ C$.$ Employee training and development

$*$ D$.$ Rebranding a company's image

Forecasting & Planning

$*$ Demand forecasting is essential for Operations Management because it:

$*$ A$.$ Helps determine pricing points

$*$ B$.$ Influences production and inventory strategy

$*$ C$.$ Assists in identifying new product opportunities

$*$ D$.$ Predicts competitor actions

$*$ A company uses a weighted moving average for forecasting.$$ A higher weight on recent data means:

$*$ A$.$ Forecasts react slowly to trends

$*$ B$.$ Forecasts react quickly to changes in demand

$*$ C$.$ Forecasts are immune to seasonal variation

$*$ D$.$ None of the above

$*$ Capacity planning in Operations Management involves:

$*$ A$.$ Assessing workforce skill levels

$*$ B$.$ Determining optimal production levels

$*$ C$.$ Creating financial projections

$*$ D$.$ Setting marketing budgets

Process Design & Layout

$*$ A product$-$oriented layout is most suitable when:

$*$ A$.$ Demand is highly customized

$*$ B$.$ Standardized products, high volume

$*$ C$.$ Variety of product pathways are needed

$*$ D$.$ Equipment is specialized and expensive

$*$ Benefits of a good process design include:

$*$ A$.$ Improved safety and working conditions

$*$ B$.$ Reduced cost, increased output

$*$ C$.$ Improved customer satisfaction

$*$ D$.$ All of the above

$*$ Cellular manufacturing layouts are designed to:

$*$ A$.$ Maximize distance traveled by materials

$*$ B$.$ Create self$-$contained production units

$*$ C$.$ Group machines by their primary function

$*$ D$.$ Increase equipment utilization

Supply Chain & Inventory

$*$ The goal of a "Just$-$In$-$Time" $($JIT$)$ inventory system is to:

$*$ A$.$ Eliminate all stock on hand

$*$ B$.$ Minimize inventory costs

$*$ C$.$ Outsource all production activities

$*$ D$.$ Maximize warehouse space

$*$ When using Economic Order Quantity $($EOQ$)$ the key tradeoff to determine order size is:

$*$ A$.$ Ordering vs$.$ Holding costs

$*$ B$.$ Price per unit vs$.$ Quantity discounts

$*$ C$.$ Supplier lead time vs$.$ Safety stock

$*$ D$.$ Obsolete inventory vs$.$ Stockout costs

$*$ Vendor Managed Inventory $($VMI$)$ means:

$*$ A$.$ Suppliers manage the buyer's stock levels

$*$ B$.$ Buyers manage the supplier's production

$*$ C$.$ Elimination of warehouse space

$*$ D$.$ Just$-$in$-$Time delivery from multiple sellers