Questions and answers for exam Preparation

MCQs

Total Questions : 51 | Page 2 of 6 pages

Question 11. Labor productivity is equal to ______

Result/material costs
Result/labor costs
Result/capital costs
Revenue growth

Discuss Question

Answer: Option B. -> Result/labor costs
Answer: (b).Result/labor costs

Question 12. Which of the following is not a measure of ‘productivity’ in a typical strategic measurement system?

Increase in availability
Increase in revenue growth
Increase in sales and market growth
% reduction in personnel turnover

Discuss Question

Answer: Option A. -> Increase in availability
Answer: (a).Increase in availability

Question 13. Which of the following is not an indicator of ‘throughput time’ in a typical strategic measurement system?

Increase in availability
Increase in invoicing speed
Increase in gross added value
Reduction in time between order and delivery

Discuss Question

Answer: Option C. -> Increase in gross added value
Answer: (c).Increase in gross added value

Question 14. Which of the following is not an indicator of ‘productivity’ in a typical strategic measurement system?

Increase in productivity
Reduction in throughput time
Increase in the effectiveness
Increase in the efficiency

Discuss Question

Answer: Option B. -> Reduction in throughput time
Answer: (b).Reduction in throughput time

Question 15. Which of the following is not a measure of ‘quality’ in a typical strategic measurement system?

% increase in quality grade
% reduction in failure rate
% reduction in the cost of poor quality
Increase in invoicing speed

Discuss Question

Answer: Option D. -> Increase in invoicing speed
Answer: (d).Increase in invoicing speed

Question 16. Which of the following is not an indicator of ‘quality’ in a typical strategic measurement system?

Reduction in the number of customer complaints
% reduction in rejects and scraps
% reduction of safety and environmental incidents
Reduction in the number of breakdowns

Discuss Question

Answer: Option D. -> Reduction in the number of breakdowns
Answer: (d).Reduction in the number of breakdowns

Question 17. Efficiency is equal to _______

Expected costs/actual costs
Meantime to repair
Labor productivity
Actual result/expected result

Discuss Question

Answer: Option A. -> Expected costs/actual costs
Answer: (a).Expected costs/actual costs

Question 18. Throughput time is equal to ______

Processing time+Inspection time
Processing time+Inspection time+Movement time
Processing time+Inspection time+Movement time+Waiting time
Processing time+Inspection time+Waiting time

Discuss Question

Answer: Option C. -> Processing time+Inspection time+Movement time+Waiting time
Answer: (c).Processing time+Inspection time+Movement time+Waiting time

Question 19. % rejects and % scrap are important determinants in the ‘production’ functional element while measuring the performance of an organization.

True
False
May be True or False
Can't say

Discuss Question

Answer: Option A. -> True
Answer: (a).True

Question 20. Failure rate is equal to ______

(Number of failures/Total number of products tested)*100
Number of failures
Total number of products tested
Number of breakdowns

Discuss Question

Answer: Option A. -> (Number of failures/Total number of products tested)*100
Answer: (a).(Number of failures/Total number of products tested)*100