Business Management MCQ Questions and Answers
31- Which of the following analysis mostly used for inventory control
(A) Lead time analysis
(B) PERT analysis
(C) CPM analysis
(D) ABC analysis
32- The correct sequence of operations in production planning and control is
(A) Routing-Scheduling-Dispatching-Follow up
(B) Scheduling-Routing- Dispatching-Follow up
(C) Dispatching-Routing-Scheduling- Follow up
(D) Routing-Scheduling-Follow up-Dispatching
33- An event that represent the joint completion of more than one activity is known as
(A) Burst event
(B) Joint event
(C) Merge event
(D) None of the above
34- Procurement cycle time is time consumed for
(A) Receiving of raw material
(B) Inspection of various raw materials
(C) Inspection of purchased components parts
(D) All of the above
35- What factor affect the application of production planning & control to manufacturing?
(A) Type of Product
(B) Type of Manufacturing
(C) Both (A) and (B)
(D) None of the above
36- What does production planning aims for?
(A) Find magnitude of various inputs factors to manufacture the desired output
(B) Coordinate labor, machines & equipment in the most effective and economic manner
(C) Utilization of under employed resources
(D) All of the above
37- Activities that can be delayed without making the project longer
(A) Critical
(B) Flexibility
(C) Total float
(D) Network activity
38- The Five elements in the management process are
(A) Plan, direct, update, lead and supervise
(B) Accounting/finance, marketing, operations and management
(C) Organize, plan, control, staff and manage
(D) Plan, lead, organize, manage and controlling
39- The project life cycle consists of
(A) Understanding the scope of the project
(B) Objectives of the project
(C) Formulation and planning various activities
(D) All of the above
40- The time necessary to complete a project is referred to as:
(A) Implementation Time
(B) Life Cycle
(C) Operation Cycle
(D) Production Cycle
ANSWERS:
31-(D), 32-(A), 33-(C), 34-(D), 35-(C), 36-(D), 37-(C), 38-(D), 39-(D), 40-(B)