Here are $25$ multiple$-$choice questions $($MCQs$)$ focused on operations management:

What does the term 'operations management' primarily refer to$?$

A$)$ Managing team communications

B$)$ Overseeing financial investments

C$)$ Managing the process that transforms inputs into outputs

D$)$ Developing marketing strategies

Which of the following is an example of a 'bottleneck'?

A$)$ A step in the production process where the demand exceeds the production capacity

B$)$ A situation where there is excess capacity

C$)$ An operational strategy to increase product price

D$)$ The initial stage of product development

Lean production techniques aim to:

A$)$ Increase the variety of products

B$)$ Reduce waste and improve process efficiency

C$)$ Extend the product life cycle

D$)$ Increase energy consumption

What is 'Six Sigma'?

A$)$ A financial strategy

B$)$ A quality management methodology that aims to reduce defects and variability

C$)$ A recruitment tool

D$)$ A marketing analysis technique

Just$-$In$-$Time $($JIT$)$ inventory systems aim to:

A$)$ Maximize inventory levels

B$)$ Reduce inventory costs by receiving goods only as they are needed

C$)$ Increase safety stock

D$)$ Promote bulk buying

Which of the following best describes 'Total Quality Management'?

A$)$ Focus on enhancing the quality of product in one department

B$)$ An approach that seeks to improve quality and performance to meet or exceed customer expectations

C$)$ A cost$-$cutting initiative

D$)$ A supplier selection strategy

The primary purpose of the supply chain management is to:

A$)$ Control company expenditure

B$)$ Ensure that products are on the shelf

C$)$ Streamline both the production and the distribution of products

D$)$ Reduce the number of employees

Capacity planning involves:

A$)$ Estimating the space needed for storage

B$)$ Determining the maximum output possible

C$)$ Planning corporate events

D$)$ Financial investment planning

Which of the following is an example of a key performance indicator $($KPI$)$ in operations management?

A$)$ Number of marketing campaigns

B$)$ Employee satisfaction rates

C$)$ Inventory turnover rate

D$)$ Social media engagement

What is the main goal of operations management?

A$)$ To minimize the role of senior management

B$)$ To increase the business$$s share price

C$)$ To ensure that the business operates efficiently and effectively

D$)$ To expand the company globally

ERP in operations management stands for:

A$)$ Employee Retention Program

B$)$ Evaluation and Review Protocol

C$)$ Enterprise Resource Planning

D$)$ Executive Role Planning

What does the 'Kaizen' method emphasize?

A$)$ Incremental, continuous improvement

B$)$ A complete overhaul of operations

C$)$ Decrease in product development time

D$)$ Employee layoffs as a way to cut costs

Which type of layout arrangement is used in operations where a product moves from one workstation to the next in sequence?

A$)$ Cellular layout

B$)$ Fixed position layout

C$)$ Process layout

D$)$ Product layout

Which of the following best defines 'outsourcing'?

A$)$ Expanding operations in international markets

B$)$ Moving operations from urban to rural areas

C$)$ Contracting an outside party to produce goods or provide services

D$)$ Merging with another company

What is the primary focus of 'supply chain management'?

A$)$ Employee relations

B$)$ The flow of goods, information, and finances related to a product or service

C$)$ The development of new products

D$)$ The internal audits of a company

A Pareto chart is used to:

A$)$ Map the geographical distribution of sales

B$)$ Schedule employees

C$)$ Identify the most significant factors in a dataset

D$)$ Organize the company$$s budget

Which of the following is a qualitative forecasting method?

A$)$ Moving average

B$)$ Exponential smoothing

C$)$ Delphi method

D$)$ Linear regression

The main purpose of reengineering in an organization is to:

A$)$ Make slight improvements in existing processes

B$)$ Completely redesign business processes to achieve dramatic improvements

C$)$ Change the corporate structure

D$)$ Increase product prices based on competitor analysis

What role does 'process design' play in operations management?

A$)$ It deals only with the design of marketing materials

B$)$ It is about planning corporate strategies

C$)$ It focuses on designing and improving all aspects of the production process

D$)$ It is involved with hiring strategies

Work Study in operations management aims to:

A$)$ Improve process efficiency by studying and redesigning workflow

B$)$ Study employee work habits and attitudes

C$)$ Provide additional work$-$related training

D$)$ Increase the amount of work by hiring more staff

Which inventory management technique is characterized by setting up two bins for each part or material, where one bin is used until empty and then replenished using the second?

A$)$ ABC analysis

B$)$ Just$-$in$-$Time

C$)$ Two$-$bin system

D$)$ Kanban system

What does 'make or buy' decision involve?

A$)$ Deciding whether to make the product in$-$house or to buy it ready$-$made from another company

B$)$ Deciding on the right marketing strategy

C$)$ Choosing between two suppliers

D$)$ Hiring new employees or outsourcing tasks