61
. . . . . . . . is the process by which company creates and manages supply chain in order to strike a right balance between inventory, transportation and manufacturing cost.
A)
Product life cycle
B)
Logistics
C)
Value chain analysis
D)
Supply chain design
Answer & Solution
Answer: Option
D
62
Process Management is concerned with the selection of inputs, operations, workflows and methods that transform inputs into
A)
outputs
B)
inputs
C)
profit
D)
cost
Answer & Solution
Answer: Option
A
63
Average inventory computed by
A)
$$\frac{{{\text{Beginning Inventory}} + {\text{Ending Inventory}}}}{2}$$
B)
$$\frac{{{\text{EOQ}}}}{2} \times {{\text{C}}_{\text{i}}}$$
C)
$$\frac{{{\text{EOQ}}}}{2} \times {{\text{C}}_{\text{0}}}$$
D)
$$\frac{{100}}{2} \times {\text{EOQ}}$$
Answer & Solution
Answer: Option
A
64
Markov process is based on
A)
Probability Theory
B)
Inventory Models
C)
Routing Models
D)
Simulation Models
Answer & Solution
Answer: Option
A
65
Selecting suppliers and purchasing items is called . . . . . . . .?
A)
Negotiation
B)
Procurement
C)
Contracting
D)
Selection
Answer & Solution
Answer: Option
B
A)
Inventory Control
B)
Financial Control
C)
Cost Control
D)
Accounting Control
Answer & Solution
Answer: Option
A
67
ISO-9000 is related with
A)
Quality System
B)
Functional System
C)
Financial System
D)
Cost
Answer & Solution
Answer: Option
A
68
Which of the following is/are part of phases in Operational Research?
A)
Formulation and Defining the Problem
B)
Analysing the Problem
C)
Construction of Model
D)
All of the above
Answer & Solution
Answer: Option
D
69
Match the following.
List-I List-II
a. Brand valuation
1. Five Assets model
b. Aaker's Brand Equity model
2. Financial value
c. Image brands
3. Brand resonance
d. CBBE model
4. Heavy advertisement
A)
a-2, b-1, c-3, d-4
B)
a-2, b-1, c-4, d-3
C)
a-2, b-4, c-3, d-1
D)
a-2, b-3, c-4, d-1
Answer & Solution
Answer: Option
B
70
Match the following
List-I (Process of control) List-II (Inventory)
a. Active Process
1. Replenishment policies
b. Compare progress with plans
2. Issue production & procurement orders
c. Expedite
3. Distribution of demand
d. Process capacity
4. Records of stock level
A)
a-1, b-2, c-3, d-4
B)
a-1, b-3, c-2, d-4
C)
a-4, b-3, c-2, d-1
D)
a-4, b-2, c-3, d-1
Answer & Solution
Answer: Option
C
