Which inventory management technique involves tracking and controlling individual items

in inventory?

a$)$ ABC analysis

b$)$ Economic order quantity $($EOQ$)$

c$)$ First$-$in$,$ first$-$out $($FIFO$)$

d$)$ Just$-$in$-$Time $($JIT$)$

What is the main objective of Six Sigma methodology?

a$)$ Reducing defects and variations

b$)$ Increasing production speed

c$)$ Minimizing employee turnover

d$)$ Maximizing product innovation

Which type of layout arranges production processes in a linear fashion?

a$)$ Process layout

b$)$ Product layout

c$)$ Cellular layout

d$)$ Fixed$-$position layout

What is the purpose of a Gantt chart in project management?

a$)$ Resource allocation

b$)$ Cost estimation

c$)$ Time scheduling

d$)$ Quality control

The PDCA $($Plan$-$Do$-$Check$-$Act$)$ cycle is a continuous improvement methodology

developed by:

a$)$ Frederick Taylor

b$)$ Henry Fayol

c$)$ W$.$ Edwards Deming

d$)$ Peter Drucker

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

a$)$ Gross profit margin

b$)$ Employee satisfaction

c$)$ Market share

d$)$ Customer complaints

Which of the following is a key concept in project management that represents the

sequence of tasks that must be completed in a specific order?

a$)$ Critical Path Method $($CPM$)$

b$)$ Kanban

c$)$ PERT chart

d$)$ SWOT analysis

What is the primary goal of process mapping in operations management?

a$)$ Identifying bottlenecks

b$)$ Reducing employee turnover

c$)$ Maximizing production volume

d$)$ Increasing marketing efforts

Which production strategy focuses on producing a wide variety of products in small

quantities?

a$)$ Mass production

b$)$ Batch production

c$)$ Job shop production

d$)$ Continuous production

What does the term "bullwhip effect" refer to in supply chain management?

a$)$ A sudden increase in demand for a product

b$)$ The distortion of demand information as it moves up the supply chain

c$)$ A decrease in inventory levels

d$)$ The use of whips in warehouse operations

Which of the following is a key element of risk management in operations?

a$)$ Avoidance

b$)$ Ignoring risks

c$)$ Maximizing risks

d$)$ Acceptance

Which production layout is characterized by grouping similar machines or processes

together?

a$)$ Process layout

b$)$ Product layout

c$)$ Cellular layout

d$)$ Fixed$-$position layout