McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting .
| 101. |
The recent trend in the Production/Operations management which suggests the use of minimal amount of resources to produce a high volume of high quality goods with some variety is referred to as: |
| A. | SCM |
| B. | TQM |
| C. | Lean Production |
| D. | Just-In-Time |
| Answer» C. Lean Production | |
| 102. |
Effective capacity can NOT be determined by which of the following factors? |
| A. | Product design and product-mix |
| B. | Quantity and quality capabilities |
| C. | Facilities |
| D. | None of the above |
| Answer» D. None of the above | |
| 103. |
In which of the following stages the management should try to change its approach by changing its strategy from "buy my product" to "try my product"? |
| A. | Introduction |
| B. | Growth |
| C. | Maturity |
| D. | Decline |
| Answer» B. Growth | |
| 104. |
Conducting occasional check-ups of the products manufactured or assembled to ensure high quality of the production is known as: |
| A. | Planning |
| B. | Scheduling |
| C. | Inspection |
| D. | Routing |
| Answer» C. Inspection | |
| 105. |
Which one of the following standards is associated with the "Quality Assurance in Final Inspection Test"? |
| A. | ISO 9001 |
| B. | ISO 9002 |
| C. | ISO 9003 |
| D. | ISO 9004 |
| Answer» C. ISO 9003 | |
| 106. |
With reference to project management, identify which of the following statement is NOT correct? |
| A. | Gantt chart is a principal tool used in scheduling and also in some methods of loading. |
| B. | Routing is the first step in the production planning. |
| C. | The cost of any activity is proportional to its time of completion. |
| D. | The free float can be calculated by subtracting EFT from EST. |
| Answer» D. The free float can be calculated by subtracting EFT from EST. | |
| 107. |
Identify which one of the following statement is NOT correct? |
| A. | Preventing maintenance includes lubrication, cleaning, periodic overhaul, etc. |
| B. | The two types of cost-cost of premature replacement and cost of breakdownneed to be balanced. |
| C. | Wear and obsolescence are the two main causes of replacement of machinery in every aspect of life. |
| D. | A machine is technically obsolete when another machine can do the same job more efficiently with reduced time and also at a lower cost. |
| Answer» A. Preventing maintenance includes lubrication, cleaning, periodic overhaul, etc. | |
| 108. |
To determine where the plant should be located for maximum operating economy and effectiveness, refers to which one of the following? |
| A. | Plant layout |
| B. | Facility location |
| C. | Capacity planning |
| D. | Capacity requirement |
| Answer» B. Facility location | |
| 109. |
Which of the following models deals with the physical movement of goods from different supply origins to a number of different demand destinations? |
| A. | Simulation |
| B. | Transportation |
| C. | Lean operations |
| D. | Line balancing |
| Answer» B. Transportation | |
| 110. |
One of the objectives of maintenance is: |
| A. | to prevent obsolescence. |
| B. | to ensure spare parts management. |
| C. | to satisfy customers. |
| D. | to extend the useful life of Plant & Machinery without sacrificing the level of performance |
| Answer» D. to extend the useful life of Plant & Machinery without sacrificing the level of performance | |
| 111. |
Which one of the following recent trends in Production/Operations management involves drastic measures or break through improvements to improve the performance of a firm? |
| A. | Corporate Downsizing |
| B. | Re-Engineering |
| C. | Technology |
| D. | TQM |
| Answer» B. Re-Engineering | |
| 112. |
Which of the following process types is used when a very highly standardized product is desired in high volumes? |
| A. | Repetitive Process |
| B. | Batch Process |
| C. | Project Process |
| D. | Continuous Process |
| Answer» D. Continuous Process | |
| 113. |
Which of the following aims at finding the best and most efficient way of using the available resources—men, materials, money and machinery? |
| A. | Method Study |
| B. | Work Study |
| C. | Time Study |
| D. | Motion Study |
| Answer» B. Work Study | |
| 114. |
Which one of the following statements is NOT correct? |
| A. | LFT is calculated from the LFT of the head event. |
| B. | Slack can be calculated by adding EFT and LFT of any job. |
| C. | EFT is the sum of the EST and the time of duration for any event. |
| D. | The Total Project time is the shortest possible time required in completing the project. |
| Answer» B. Slack can be calculated by adding EFT and LFT of any job. | |
| 115. |
Which one of the following is NOT the advantage of Preventive Maintenance? |
| A. | Better product quality |
| B. | Greater safety to workers |
| C. | Increased breakdowns and downtime |
| D. | Fewer large-scale repairs |
| Answer» C. Increased breakdowns and downtime | |
| 116. |
Which one of the following establishes time sequence of operations? |
| A. | Routing |
| B. | Sequencing |
| C. | Scheduling |
| D. | Dispatching |
| Answer» C. Scheduling | |
| 117. |
With reference to Aggregate Planning, identify which of the following statements is NOT correct? |
| A. | It is an Intermediate-term planning. |
| B. | It is made operational through a master schedule, which gives the manufacturing schedule. |
| C. | Facility planning and scheduling are closely related with the aggregate planning. |
| D. | It deals with the strategic decisions, such as purchase of facilities, introduction of new products, processes, etc. |
| Answer» D. It deals with the strategic decisions, such as purchase of facilities, introduction of new products, processes, etc. | |
| 118. |
In route sheet or operation layout, one has to show |
| A. | A list of materials to be used. |
| B. | A list of machine tools to be used. |
| C. | Every work center and the operation to be done at that work center. |
| D. | The cost of product. |
| Answer» C. Every work center and the operation to be done at that work center. | |
| 119. |
Conversion of inputs into outputs is known as |
| A. | Application of technology |
| B. | Manufacturing products |
| C. | Product |
| D. | Operation management |
| Answer» D. Operation management | |
| 120. |
Which of the following is NOT the Plant Layout Principle? |
| A. | Principle of sequence |
| B. | Principle of usage |
| C. | Principle of maximum travel |
| D. | Principle of minimum investment |
| Answer» C. Principle of maximum travel | |
| 121. |
Which one of the following standards is associated with the “Quality Management and Quality System Elements-Guidelines”? |
| A. | ISO 9001 |
| B. | ISO 9002 |
| C. | ISO 9003 |
| D. | ISO 9004 |
| Answer» D. ISO 9004 | |
| 122. |
In a network diagram, the activity that must be completed prior to the start of an activity is called as |
| A. | Successor activity |
| B. | Predecessor activity |
| C. | Concurrent activity |
| D. | Dummy activity |
| Answer» B. Predecessor activity | |
| 123. |
Identify which one of the following is NOT the objective of the maintenance: |
| A. | To keep all production facilities and allied facilities in an optimum working condition. |
| B. | To ensure specified accuracy to products and time schedule of delivery to customers. |
| C. | To keep the down time of the machine at the maximum. |
| D. | To keep the production cycle within the stipulated range. |
| Answer» C. To keep the down time of the machine at the maximum. | |
| 124. |
With reference to the characteristics of a good product design, which one of the following is referred to “the ease of manufacture with minimum cost”? |
| A. | Reliability |
| B. | Productibility |
| C. | Specification |
| D. | Simplification |
| Answer» B. Productibility | |
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