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MCQs

Total Questions : 69 | Page 3 of 7 pages
Question 21. The fundamental redesigning and rethinking of business processes to improve critical measures such as quality, speed, cost and customer satisfaction are called
  1.    reengineering
  2.    differentiation
  3.    bargaining
  4.    targeting
 Discuss Question
Answer: Option A. -> reengineering
Answer: (a).reengineering
Question 22. Considering two fiscal years 2013 and 2014, an input price in 2013 and 2014 are $9 and $11 per unit respectively and input required units in 2013 to produce output in 2014 are 30000 units, then cost effect of price recovery will be
  1.    $60,000
  2.    $6,000
  3.    $65,000
  4.    $6,500
 Discuss Question
Answer: Option A. -> $60,000
Answer: (a).$60,000
Question 23. An example of direct engineered cost is
  1.    indirect material cost
  2.    direct material cost
  3.    direct labor cost
  4.    indirect labor cost
 Discuss Question
Answer: Option B. -> direct material cost
Answer: (b).direct material cost
Question 24. The formal way of differentiating, between non-random and random variations, in manufacturing process is classified as
  1.    statistical process control
  2.    statistical failure control
  3.    statistical control of prevention cost
  4.    statistical control of sunk cost
 Discuss Question
Answer: Option A. -> statistical process control
Answer: (a).statistical process control
Question 25. The translation of organization strategy, and mission into performance measures to provide framework for strategy implementation is termed as
  1.    differentiation scorecard
  2.    bargaining scorecard
  3.    leadership scorecard
  4.    balanced scorecard
 Discuss Question
Answer: Option D. -> balanced scorecard
Answer: (d).balanced scorecard
Question 26. The basic aspects of product quality must include the
  1.    design quality
  2.    conformance quality
  3.    scorecard quality
  4.    both a and b
 Discuss Question
Answer: Option D. -> both a and b
Answer: (d).both a and b
Question 27. The statistical quality control is also called
  1.    statistical process control
  2.    statistical failure control
  3.    statistical control of prevention cost
  4.    statistical control of sunk cost
 Discuss Question
Answer: Option A. -> statistical process control
Answer: (a).statistical process control
Question 28. A theory which describes techniques of operating income maximization, facing with non-bottleneck and bottleneck operations is
  1.    theory of contribution
  2.    theory of constraints
  3.    theory of conflicts
  4.    theory of maximization
 Discuss Question
Answer: Option B. -> theory of constraints
Answer: (b).theory of constraints
Question 29. A process by which employees can make decisions is divided by total number of processes to calculate
  1.    employee turnover ratio
  2.    employee empowerment ratio
  3.    employee satisfaction ratio
  4.    employee training percentage
 Discuss Question
Answer: Option B. -> employee empowerment ratio
Answer: (b).employee empowerment ratio
Question 30. The sum of manufacturing and waiting time for an order is classified as
  1.    manufacturing efficiency time
  2.    manufacturing cycle time
  3.    responding time
  4.    value chain time
 Discuss Question
Answer: Option B. -> manufacturing cycle time
Answer: (b).manufacturing cycle time

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