operation management assement Date $2024$ march $221.$ What is the primary objective of production planning? a$)$ Maximizing employee overtime b$)$ Minimizing production costs while meeting demand $($Correct Answer$)$ c$)$ Reducing product quality to cut costs d$)$ Increasing inventory levels unnecessarily $2.$ Which scheduling technique uses a visual representation of tasks over time? a$)$ Pareto Analysis b$)$ Gantt Chart $($Correct Answer$)$ c$)$ Fishbone Diagram d$)$ Regression Analysis $3.$ What does MRP $($Material Requirements Planning$)$ primarily focus on$?$ a$)$ Employee shift scheduling b$)$ Ensuring materials are available for production $($Correct Answer$)$ c$)$ Marketing strategy development d$)$ Financial auditing $4.$ Which of the following is a key benefit of Just$-$in$-$Time $($JIT$)$ production? a$)$ Higher inventory storage costs b$)$ Reduced waste and lower holding costs $($Correct Answer$)$ c$)$ Increased lead times d$)$ More defects in production $5.$ What is the purpose of a "Master Production Schedule $($MPS$)"?$ a$)$ To track employee attendance b$)$ To plan the production of finished goods over a specific period $($Correct Answer$)$ c$)$ To schedule marketing campaigns d$)$ To manage office supplies