Operations Mgt Quiz

What is a process?

• A random set of activities

• A sequence of activities aimed at achieving a result

• A way to reduce costs only

• A method used only in manufacturing

What do operations processes primarily do?

• Convert money into profit

• Transform inputs into outputs

• Reduce the cost of production

• Eliminate the need for labor

Which of the following is NOT an example of service outsourcing?

• Event management

• Software maintenance

• Automobile manufacturing

• Fleet management

Which company was known for making all components in-house in the early 20th century?

• Tesla

• Ford Motor Company

• Toyota

• General Motors

What is the key focus of the Make-to-Stock (MTS) strategy?

• Producing only after receiving customer orders

• Maintaining predetermined levels of finished goods stock

• Customizing every product as per customer demand

• Reducing inventory storage

Which sector primarily outsources logistics functions like warehousing and transportation?

• FMCG

• IT Industry

• Education

• Real Estate

Which of the following is a drawback of MTS?

• Requires long planning and execution time

• Involves minimal investment in inventory

• Produces highly customized products

• Only used in service industries

What is an example of a Make-to-Order (MTO) product?

• Cement

• Sugar

• Custom Harley Davidson bike

• Packaged food

What does a process chart represent?

• The sequence of steps to complete an operation

• Only financial transactions in a company

• A list of customer complaints

• Employee attendance patterns

Which of the following is an example of a company outsourcing transportation?

• Ford Motor Company

• Voltas

• Tata Steel

• Microsoft