1. A product development strategy that can reduce product development time, cost and risk is-

Select one:

a. New internally developed products

b. Joint venture

c. Migration of existing products

d. Enhancements to existing products

e. Redesign of products

b) A time study for a plant operation revealed an average observed time of 10 Mins. The worker was rated at 80%. Using an allowance factor of 10%, the standard time for the operation is.

Select one:

a. 9.88 Mins

b. 9.00 Mins

c. 10.43 Mins

d. 8.88 Mins

e. 8.00 Mins

2. ABC analysis is based on which of the following concept?

Select one:

a. Just-in time inventory

b. Economic order quantity

c. Safety stock

d. Pareto principle

e. Quantity Discount Model

d) Actual output as a percent of design capacity is termed as-

Select one:

a. Efficient capacity

b. Capacity management

c. Capacity utilization

d. Effective capacity

e. Design capacity

e) Aggregate planning is concerned with determining the quantity and timing of production in the

Select one:

a. Short term.

b. Very long term

c. Long term.

d. Next term.

e. Intermediate term