Production & Operations Management / Operations Research / Project & Supply Management / Forecasting / Inventory / Quality
MCQs with Answers & Explanations
1. Which of the following production/operations decisions relate to short–time horizon?
(i) Production scheduling
(ii) Breakdown maintenance
(iii) Available materials allocation & handling
(iv) Product design
A. (i), (iii), (iv)
B. (i), (ii), (iv)
C. (iii), (v), (vi)
D. (iii), (v), (vi)
Correct Answer: C
Explanation: Scheduling, breakdown maintenance, allocation & handling are short-term operational decisions.
2. Match the following Operations Research models and basis of categorisation:
| List – I (Model type) | List – II (Basis) |
|---|---|
| a. Analogue Model | i. Structure |
| b. Descriptive Model | ii. Method of getting solution |
| c. Deterministic Model | iii. Nature of environment |
| d. Simulation Model | iv. Utility |
A. (i) (ii) (iii) (iv)
B. (iii) (iv) (i) (ii)
C. (ii) (iv) (i) (iii)
D. (iv) (i) (iii) (ii)
Correct Answer: B
3. Which forecasting model is qualitative in nature?
A. Economic modelling
B. Naïve model
C. Delphi technique
D. Exponential smoothing
Correct Answer: C
4. Match forecasting techniques with category
| List – I | List – II |
|---|---|
| a. Delphi technique | i. Qualitative model |
| b. Economic modelling | ii. Causal quantitative model |
| c. Exponential smoothing | iii. Quantitative (Naïve) |
A. (i), (ii), (iii)
B. (ii), (i), (iii)
C. (iii), (ii), (i)
D. (i), (iii), (ii)
Correct Answer: A
5. Which job in production management relates to long-term horizon?
A. Product design
B. Production scheduling
C. Breakdown maintenance
D. Material handling
Correct Answer: A
6. Match production & marketing promotion tools
| List – I | List – II |
|---|---|
| a. Coupons | i. Savings offers |
| b. Tie–in promotions | ii. Joint branding contests |
| c. Cross promotions | iii. Certificates for price reduction |
| d. Price packs | iv. Advertising unrelated brands |
Codes:
A. (iii) (iv) (ii) (i)
B. (i) (iii) (iv) (ii)
C. (iii) (iv) (i) (ii)
D. (iv) (ii) (i) (iii)
Correct Answer: A
7. The researcher wants to test significance between more than two sample means. Which test applies?
A. Chi-square
B. F-test
C. z-test
D. t-test
Correct Answer: B
Explanation: ANOVA uses F-test to compare means of 3+ groups.
8. Which one defines Analogue model usage in OR?
A. Based on environment nature
B. Similarity with physical real world
C. Mathematical abstraction
D. Solution through derivatives
Correct Answer: B
9. Stock files placed in warehouse for record are called:
A. Daily reports
B. Master files
C. Stock control files
D. Intranet records
Correct Answer: B
10. The process of managing goods sensibly to maintain flow in warehouse is called:
A. Stock control
B. Production design
C. Master stock storage
D. Job loading
Correct Answer: A
11. Log-in access allowed only to internal organisational members refers to:
A. Intranet
B. Internet
C. Extranet
D. WAN
Correct Answer: A
12. In operations research, deterministic model assumes:
A. Outcome determined by randomness
B. Known input values without variation
C. Demand forecast uncertainty
D. Use of past information trends
Correct Answer: B
13. Simulation models are used when:
A. Analytic solution possible
B. Variables operate in uncertain complex conditions
C. Past trends stable
D. Environment remains constant
Correct Answer: B
14. In PLC (Product Life Cycle), which combination is correct?
A. Introduction – low profit, Growth – rapid acceptance high profit, Decline – profit erodes
B. Introduction – high profit
C. Growth – slow acceptance
D. Decline – profit stabilises
Correct Answer: A
15. Process of analyzing potential fixed asset investment decisions is called:
A. Financial leverage
B. Capital budgeting
C. Working capital
D. Depreciation planning
Correct Answer: B