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Friday, January 25, 2008

Management Information System(MIS) - 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS



Multiple Choice Multiple Answer
Question
The different types of models used by DSS are
Correct Answer
Operations research model , Behavioral model , Management science model
Your Answer
Behavioral model , Management science model , Operations research model

Select The Blank
Question
________provides a generalized computing and telecommunications capacity that can be applied to a changing array of problems.
Correct Answer
EIS
Your Answer
MIS

True/False
Question
MIS need not be compatible with the organizations structure and culture.
Correct Answer
False
Your Answer
False

Select The Blank
Question
EIS facilitates aggregated and context data. This is its________.
Correct Answer
benefit
Your Answer
characteristic

Multiple Choice Single Answer
Question
The control system should be definite and determinable. This is done under one of the following:
Correct Answer
Objective.
Your Answer
Principle of critical point control.

Select The Blank
Question
The________are interactive information systems that rely on an integrated set of user friendly hardware and software.
Correct Answer
DSS
Your Answer
DSS

Multiple Choice Single Answer
Question
One of the following is the decision tool that helps in summarizing the interactions of various alternative actions of events
Correct Answer
Pay off matrix.
Your Answer
Inventory model.

True/False
Question
Expert systems lack human self-awareness and self analysis tool.
Correct Answer
True
Your Answer
True

Select The Blank
Question
EIS enables to address adhoc queries. This is its________characteristic.
Correct Answer
capability
Your Answer
capability

Multiple Choice Multiple Answer
Question
Characteristics of GDSS are as follows
Correct Answer
Automated record keeping , Parallel communication , Anonymous inputs
Your Answer
Automated record keeping , Parallel communication , Anonymous inputs

Select The Blank
Question
The________is the component of communication to which information is transferred
Correct Answer
Receiver
Your Answer
Medium

Multiple Choice Single Answer
Question
The primary goal of one of the following system is to obtain data from a variety of sources, integrate and aggregate the data and display results
Correct Answer
ESS
Your Answer
DSS

Multiple Choice Single Answer
Question
Data Warehousing is seen as a Data Arrangement technology adopting one of the following:
Correct Answer
Up-date approach
Your Answer
Up-date approach

Select The Blank
Question
The Competitor Master Entry Screen consists of ________.
Correct Answer
Brand Name
Your Answer
Brand Name

Select The Blank
Question
Data Mining is information ________ tool.
Correct Answer
Analysis
Your Answer
Analysis

Multiple Choice Multiple Answer
Question
Decisions could be divided into following two categories
Correct Answer
Programmed. , Non programmed.
Your Answer
Programmed. , Certainty.

Multiple Choice Multiple Answer
Question
The product assurance discipline of the discipline triangle will include
Correct Answer
quality assurance , test and evaluation , configuration management
Your Answer
quality assurance , test and evaluation , protocols

Match The Following
Question
Correct Answer
Your Answer
DML is generally used in conjunction with
3rd or 4th generation programming languages.
3rd or 4th generation programming languages.
The database approach evolved out of the need to
eliminate the data management problems.
eliminate the data management problems.
Database implies a particular structuring of data
both conceptual and physical.
both conceptual and physical.
In a database instead of storing data separately
data records are physically organized and stored centrally.
data records are physically organized and stored centrally.

True/False
Question
Classes are user defined data types.
Correct Answer
True
Your Answer
True

True/False
Question
Data warehouse is organized according to application.
Correct Answer
False
Your Answer
True

True/False
Question
The IDE was developed by GE under the leadership of Charles Babbage.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
A data warehouse typically starts with one of the following type of database:
Correct Answer
Very large
Your Answer
Very large

Select The Blank
Question
Trained facilitator is a________of GDSS.
Correct Answer
Component
Your Answer
Component

Multiple Choice Single Answer
Question
AI is the short form of
Correct Answer
Artificial Intelligence.
Your Answer
Artificial Intelligence.

Multiple Choice Single Answer
Question
One of the following consumes shelf space, has a shelf life and has a physical unit of measure
Correct Answer
product
Your Answer
communication

Multiple Choice Multiple Answer
Question
The characteristics of EIS / ESS are
Correct Answer
Information characteristics , User-interface / orientation characteristics , Managerial executive characteristics
Your Answer
Information characteristics , User-interface / orientation characteristics , Communication characteristics

Select The Blank
Question
Criticism free idea generation is a factor of________.
Correct Answer
GDSS
Your Answer
DSS

Select The Blank
Question
Select, train and ________ the employees to work for the customers is a principle stated by Tom Peters in "The Service Edge".
Correct Answer
Empower
Your Answer
Reward

Multiple Choice Multiple Answer
Question
The strategy formulation and implementation depends a lot on the information on
Correct Answer
socio-economic changes , new demands arising out of these changes , changing technology
Your Answer
socio-economic changes , new demands arising out of these changes , changing technology

Multiple Choice Multiple Answer
Question
The software quality capabilities ensure that software is:
Correct Answer
reliable , doing what it is supposed to do , doing efficiently
Your Answer
reliable , doing what it is supposed to do , doing efficiently

True/False
Question
Data dictionary is the 3rd component of the DBMS.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
One of the following sub-systems of the dialogue management component of the DSS programs checks the user commands for correct syntax.
Correct Answer
User interface
Your Answer
User interface

True/False
Question
ESS/ EIS is normally developed to assist the operation level decision making.
Correct Answer
False
Your Answer
False

True/False
Question
Dialogue management components of DSS program is a set of programs that manages user interface.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The Stock Value details are given to ________ by Kardex
Correct Answer
Accounts
Your Answer
Purchase

Multiple Choice Single Answer
Question
If the central hub in star topology breaks down then
Correct Answer
The network stops working.
Your Answer
The network stops working.

Multiple Choice Single Answer
Question
Type of system which is practical, specific and operational is one of the following:
Correct Answer
Empirical.
Your Answer
Conceptual.

True/False
Question
Social and machine are types of systems.
Correct Answer
True
Your Answer
True

True/False
Question
The marketing service system will provide the facility of re-opening enquiries received from distributors or customer.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Some of the advantages of prototyping are
Correct Answer
Trying out ideas without incurring large costs , Reduced application development time , Reduced maintenance
Your Answer
Reduced application development time , Reduced maintenance , Reduced project development study

Multiple Choice Multiple Answer
Question
The different forms of authorization for access of database are
Correct Answer
read authorization , index authorization , update index authorization
Your Answer
read authorization , index authorization

Multiple Choice Single Answer
Question
One of the following is a core application of Back Office
Correct Answer
Hospital billing and recovery
Your Answer
Hospital billing and recovery

Match The Following
Question
Correct Answer
Your Answer
Data mining is the process of discovering meaningful new correlation pattern
and trends by sifting through large amount of data stored in repositories.
and understanding the situation.
In data mining the relationships represents the
valuable knowledge about database and objects in the database.
valuable knowledge about database and objects in the database.
The outcome of data mining
must be actionable and measurable.
must be actionable and measurable.
Data mining should not only enable the analysis to be undertaken but
must enable learning from this activity.
must enable learning from this activity.

Multiple Choice Multiple Answer
Question
Following are the components of communication
Correct Answer
Sender. , Receiver. , Medium.
Your Answer
Sender. , Receiver. , Medium. , Acknowledgement.

Multiple Choice Multiple Answer
Question
CASE tools can
Correct Answer
Give standardization based on single method , Generate data models
Your Answer
Give standardization based on single method , Generate data models , Automatically provide a functional system , Radically transform the systems analysis and design process

Multiple Choice Single Answer
Question
For arriving at the CSF the technique usually used is
Correct Answer
Personal interview.
Your Answer
Observation.

Multiple Choice Multiple Answer
Question
Data mining
Correct Answer
Is an information analysis tool that evolves the automated discovery of patterns and relationships in a data warehouse. , Encompasses a number of technical approaches such as clustering, data summarization . , Is the process of discovering meaningful, new correlation patterns and trends.
Your Answer
Is an information analysis tool that evolves the automated discovery of patterns and relationships in a data warehouse. , Encompasses a number of technical approaches such as clustering, data summarization . , Is the process of discovering meaningful, new correlation patterns and trends. , Provides more and better information

Production and Operations Management - 3

POM Assignment
Multiple Choice Multiple Answer
Question
Which of the following aspects are essential to ensure quality of purchased items?
Correct Answer
Defining right quality for the job , Vendor performance evaluation , Making sure that suppliers understand the requirements
Your Answer
Defining right quality for the job , Vendor performance evaluation , Making sure that suppliers understand the requirements

Select The Blank
Question
The ________ breakdowns usually cost more, partly due to damage done to the adjustment components and partly due to emergency actions.
Correct Answer
Unexpected
Your Answer
Unexpected

True/False
Question
After goods have been manufactured, route sheets and operation layouts should not be collected back.
Correct Answer
False
Your Answer
False

True/False
Question
In case of centralised inspection, inspection rooms generally become bottleneck and cause delay in taking action regarding rejection or rework.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
MRP is based on the concept of inventory demand which is of following type
Correct Answer
Dependent and independent
Your Answer
Dependent and independent

Multiple Choice Single Answer
Question
Any premise in which persons are employed for purpose of making any product/s is called
Correct Answer
Factory
Your Answer
Factory

Multiple Choice Multiple Answer
Question
Components of Production Management include
Correct Answer
Capacity Planning , Job Design , Production Planning
Your Answer
Capacity Planning , Job Design , Production Planning

Multiple Choice Single Answer
Question
Which of the following is the criteria for the percentage defectives in the zone of the indecision?
Correct Answer
Lots having the percentage defective more than AQL but less than LPTD
Your Answer
Lots having the percentage defective more than AQL but less than LPTD

Multiple Choice Multiple Answer
Question
Which of the following are examples of addition during recording for method study?
Correct Answer
Brazing , Welding , Riveting
Your Answer
Brazing , Welding , Riveting

Select The Blank
Question
The easiest way to bring the delayed job within the promised delivery time by using extra shift or weekly holiday is ________.
Correct Answer
Overtime working
Your Answer
Overtime working

Select The Blank
Question
An Ideal OC curve is ________ shaped curve that accpets all the lots with quality equal to or better than AQL .
Correct Answer
Rectangular
Your Answer
Rectangular

Multiple Choice Multiple Answer
Question
Which of the following causes can be responsible for derailing the production schedule in a factory?
Correct Answer
Errors in drawings , Delay in receipt of material from vendor , Excessive absenteeism
Your Answer
Errors in drawings , Delay in receipt of material from vendor , Excessive absenteeism

Multiple Choice Multiple Answer
Question
Which of the following situations demand the economic consideration while selecting a job for method study?
Correct Answer
Unorderly movement of men and materials , Excessive process defectives , Too many suggestions received for improvement from a department or section
Your Answer
Unorderly movement of men and materials , Excessive process defectives , Inconsistent quality

True/False
Question
During set up of X bar-R control chart, control limts should be practically revised from time to time as additional data is accumulated.
Correct Answer
True
Your Answer
False

Multiple Choice Multiple Answer
Question
Which of the following are the basic requirements of quality standard?
Correct Answer
Deifinite , Undesrstandable , Economically viable
Your Answer
Absolute uniformity , Undesrstandable , Economically viable

Match The Following
Question
Correct Answer
Your Answer
Toung
Sweet
Sweet
Eye
Crack
Crack
Nose
Burnout
Burnout
Ear
Impact
Roughness

Select The Blank
Question
The ________ is the defect level for which lots are regarded as bad lots.
Correct Answer
Lot Tolerance Percentage Defective
Your Answer
Acceptable quality level

True/False
Question
Floor inspection delays the identification of faults which can not be rectified immediately before large lots are spoiled.
Correct Answer
False
Your Answer
False

True/False
Question
Cent percent inspection is required on WIP prior to the key, critical or costly operation.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The document which incorporates details of process planning for a job is called
Correct Answer
Route Sheet
Your Answer
Route Sheet

True/False
Question
Repetitive movements between work stations which are difficult to be traced on string diagrams can be conveniently shown on flow diagrams.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
Which of the following is the most popular technique for Project Production?
Correct Answer
PERT & CPM
Your Answer
PERT & CPM

Multiple Choice Single Answer
Question
Technique of Value Engineering can be effectively employed in design of a product to
Correct Answer
To meet the intended function at lowest cost
Your Answer
To meet the intended function at lowest cost

Multiple Choice Single Answer
Question
What can be the worst effect due to excessive vibration?
Correct Answer
Breakdown
Your Answer
Breakdown

Multiple Choice Single Answer
Question
What is the relation between duration of an activity and length of an arrow?
Correct Answer
No relation
Your Answer
No relation

Multiple Choice Single Answer
Question
What is the nature of the sampling plan for critical defects?
Correct Answer
Tight
Your Answer
Tight

Select The Blank
Question
The ________ is the maintenance work initiated on a result of knowledge of the condition of an item from routine or continuous checking.
Correct Answer
Condition monitoring
Your Answer
Condition monitoring

Multiple Choice Multiple Answer
Question
Which of the following are important considerations concerning activity times?
Correct Answer
Activity time should be obtained from the person responsible for the completion of an activity , Activity time must be independent of any influence which the preceding or succeeding activity may have on it. , Activity time may assume that just the normal quantity of resources required to carry out the activity are available.
Your Answer
Activity time should be obtained from the person responsible for the completion of an activity , Activity time must be independent of any influence which the preceding or succeeding activity may have on it. , Activity time may assume that just the normal quantity of resources required to carry out the activity are available.

Multiple Choice Single Answer
Question
Which of the following techniques is used by industrial engineering department to obtain the utilisation index?
Correct Answer
Work Sampling Studies
Your Answer
Break Even Analysis

Multiple Choice Multiple Answer
Question
Which of the following factors play important role while selecting or rejecting a particular site from legislation and taxation point of view?
Correct Answer
Labour laws , Building codes , Policies regarding issue of licences
Your Answer
Labour laws , Building codes , Policies regarding issue of licences

Multiple Choice Multiple Answer
Question
Which of the following cases can be referred as operation in method study recording?
Correct Answer
Change in physical characteristic , Consumption of physical effort , Change in chemical characteristic
Your Answer
Change in physical characteristic , Consumption of physical effort , Movement of material

True/False
Question
An activity can share the same tail event and same head event with any other activity.
Correct Answer
False
Your Answer
True

Select The Blank
Question
The ________ must ensure that the product satisfy the functional requirements of it's usage.
Correct Answer
Quality of design
Your Answer
Quality of design

Multiple Choice Multiple Answer
Question
Which of the following are examples of pure materials?
Correct Answer
Bakeries , Ice factories , Woolen
Your Answer
Bakeries , Ice factories , Woolen

Select The Blank
Question
The ________ are the definitions of the measurable as well as nonmeasurable characteristics of the product.
Correct Answer
Specifications
Your Answer
Specifications

Multiple Choice Single Answer
Question
Site factors for plant location include
Correct Answer
Suitability of land
Your Answer
Suitability of land

Select The Blank
Question
The ________ is the probability that a good lot will be rejected by the sampling plan.
Correct Answer
Producer's risk
Your Answer
Producer's risk

Multiple Choice Multiple Answer
Question
Which of the following defects can be observed during preventive inspection by using human senses?
Correct Answer
Deviation from normal sound , Excessive Vibration , Leakage of a gas
Your Answer
Deviation from normal sound , Excessive Vibration , Leakage of a gas

Select The Blank
Question
The ________ includes preventive maintenance activities whose needs are identified through inspection which requires stoppage of machines.
Correct Answer
Shutdown Maintenance
Your Answer
Working Maintenance

True/False
Question
Independent float either affects the float of preceding activities or that of succeeding activities.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Lack of material planning results in the following
Correct Answer
Over ordering , under ordering , stockouts
Your Answer
Over ordering , under ordering , stockouts

True/False
Question
F W Taylor devised a system for classifying motions into basic divisions called Therbligs
Correct Answer
False
Your Answer
False

Select The Blank
Question
Work study is also called ________ study
Correct Answer
Time and Motion
Your Answer
Time and Motion

Match The Following
Question
Correct Answer
Your Answer
Factor Analysis
Method to evaluate layouts
Technique for evolving and analysis of layouts
Minimization of production delays
Objective of good layout
Objective of good layout
Maximum visibility
Principles of good layout
Principles of good layout
Scale model
Layout analysis
Method to evaluate layouts

Multiple Choice Single Answer
Question
Following is one of the techniques used for Material Planning for high value material
Correct Answer
MRP
Your Answer
MRP

Multiple Choice Single Answer
Question
What do you understand by totality of features and characteristics of a product or service that bears on it's ability to satisfy the customer?
Correct Answer
Quality
Your Answer
Quality

Select The Blank
Question
One detachable ticket is prepared for each ________.
Correct Answer
Operation
Your Answer
Worker

Production and Operations Management - 2

Multiple Choice Multiple Answer
Question
Which of the following are minimum requirement for a good quality of design?
Correct Answer
Resonable cost , Resonable procurement time , Resonable manufacturing time
Your Answer
Resonable manufacturing time , Resonable cost , Resonable procurement time

Multiple Choice Single Answer
Question
Where does the central line is located in case of p-chart?
Correct Answer
at p bar
Your Answer
at median

Multiple Choice Single Answer
Question
Any premise in which persons are employed for purpose of making any product/s is called
Correct Answer
Factory
Your Answer
Factory

Multiple Choice Single Answer
Question
Technique of Value Engineering can be effectively employed in design of a product to
Correct Answer
To meet the intended function at lowest cost
Your Answer
To meet the intended function at lowest cost

Select The Blank
Question
The ________ is the probability that a good lot will be rejected by the sampling plan.
Correct Answer
Producer's risk
Your Answer
Producer's risk

Multiple Choice Multiple Answer
Question
Material Requirement Planning is very useful in following situations
Correct Answer
Long Lead time for procurement , Several levels of assemblies in product , Long manufacturing cycle
Your Answer
Long Lead time for procurement , Long manufacturing cycle , Demand for the product is not known

Select The Blank
Question
The ________ is the watch dog which ensures that every element of production and activities which could affect the quality of end product are regulated to the extent desirable.
Correct Answer
Quality control
Your Answer
Quality control

Select The Blank
Question
The ________ is the process of withdrawing the equipment from the production line, dismantling it unitwise, visualising defects, effecting adjustments, replacing worn-out parts and finally building it up to get desired accuracies.
Correct Answer
Reconditioning
Your Answer
Overhauling

Multiple Choice Single Answer
Question
The ratio of output to input of a production system is commonly known as
Correct Answer
Productivity
Your Answer
Productivity

True/False
Question
In case of two handed process chart, the simultaneous activities of both hands are recorded opposite to each other on the chart.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Emerson Efficiency Plan
Wage Payment
Wage Payment
Craft
Facilities Planning
Facilities Planning
Work Sampling
Machine utilization
Machine utilization
Gantt Chart
Production Scheduling
Production Scheduling

Multiple Choice Multiple Answer
Question
Which of the following factors play important role while selecting or rejecting a particular site from legislation and taxation point of view?
Correct Answer
Labour laws , Building codes , Policies regarding issue of licences
Your Answer
Labour laws , Building codes , Policies regarding issue of licences

Multiple Choice Single Answer
Question
What do you mean by the study of repetitive short cycle operations which involve quick hand / feet motions?
Correct Answer
Micromotion study
Your Answer
Macromotion study

True/False
Question
An activity should represent an operation or set of operations which can be performed using a particular kind of equipment or a special skill.
Correct Answer
True
Your Answer
True

Multiple Choice Multiple Answer
Question
Which of the following products should be produced by using mass production?
Correct Answer
Refrigerator , Tyre for automobile , Television Set
Your Answer
Refrigerator , Tyre for automobile , Television Set

True/False
Question
In case of X bar, if the process is not under control indicated by some points falling outside the control limits, such points outside the control limits are eliminated and new trial control limits for the remaining points are computed.
Correct Answer
True
Your Answer
True

True/False
Question
After goods have been manufactured, route sheets and operation layouts should not be collected back.
Correct Answer
False
Your Answer
False

True/False
Question
Planned lubrication is said to be the nervous system of the equipment.
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
What does the points falling outside the control limits indicate?
Correct Answer
Presence of assignable causes
Your Answer
Mean = Standard deviation

Multiple Choice Single Answer
Question
Which industry out of the following industries require maximum consideration for safety factor while selecting plant location?
Correct Answer
Nuclear power plant
Your Answer
Nuclear power plant

Multiple Choice Multiple Answer
Question
Which of the following are assignable cause?
Correct Answer
Large varaitions in hardness of material , Tool wear , Errors in setting
Your Answer
Large varaitions in hardness of material , Play in guide rods , Errors in setting

Multiple Choice Single Answer
Question
A good plant layout helps in
Correct Answer
Reducing handling costs
Your Answer
Reducing handling costs

Multiple Choice Multiple Answer
Question
Which of the following are examples of addition during recording for method study?
Correct Answer
Brazing , Welding , Riveting
Your Answer
Brazing , Welding , Riveting

True/False
Question
An activity can share the same tail event and same head event with any other activity.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Work study is also called ________ study
Correct Answer
Time and Motion
Your Answer
Time and Motion

Multiple Choice Single Answer
Question
Which kind of gauge consists of electrical contacts operating a series of colloured signal lamps which indicate whether the dimension is correct, oversize or undersize?
Correct Answer
Multiple gauging
Your Answer
Multiple gauging

Multiple Choice Multiple Answer
Question
Components of Production Management include
Correct Answer
Capacity Planning , Job Design , Production Planning
Your Answer
Capacity Planning , Job Design , Production Planning

True/False
Question
Only skilled worker can use the fixed limit gauge.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Which are major benefits of identifying the critical path?
Correct Answer
It helps to identify the set of activities and events which are critical and as such must be carefully controlled and monitored , It identifies activities to be given preference in allocation of resources. , It helps to exercise "control by exception".
Your Answer
It helps to identify the set of activities and events which are critical and as such must be carefully controlled and monitored , It reduces the paperwork , It identifies activities to be given preference in allocation of resources.

Multiple Choice Multiple Answer
Question
Which are reason due to which the progress of work is rarely in line with it's plan?
Correct Answer
Absenteeism , Machine breakdowns , Substandard performance against prefixed production standards
Your Answer
Absenteeism , Machine breakdowns , Substandard performance against prefixed production standards

Select The Blank
Question
The ________ is necessary when the job requires detailed of one or more of the job characteristics with the help of special equipment which is not available at the producing company.
Correct Answer
Inspection order
Your Answer
Inspection order

Multiple Choice Multiple Answer
Question
Which of the following are important considerations concerning activity times?
Correct Answer
Activity time should be obtained from the person responsible for the completion of an activity , Activity time must be independent of any influence which the preceding or succeeding activity may have on it. , Activity time may assume that just the normal quantity of resources required to carry out the activity are available.
Your Answer
Activity time should be obtained from the person responsible for the completion of an activity , Activity time must be independent of any influence which the preceding or succeeding activity may have on it. , Activity time may assume that just the normal quantity of resources required to carry out the activity are available.

Select The Blank
Question
Capacity decisions have a direct influence on performance of production system in respect of ________
Correct Answer
Delivery performance
Your Answer
Delivery performance

True/False
Question
Breakdown of machines, absenteeism of worker does not dislocate the manufacturing activity in process layout
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
Question
The process of changing inputs into outputs thereby adding some value to entity can be defined as
Correct Answer
Operation
Your Answer
Operation

Multiple Choice Multiple Answer
Question
Which of the following possibilities can be explored by using flow process chart?
Correct Answer
Eliminating the operations or combining the operations with another , Reducing the distance traveled by the workmen or materials , Avoiding the waiting time and thereby reduce production losses
Your Answer
Eliminating the operations or combining the operations with another , Reducing the distance traveled by the workmen or materials , Avoiding the waiting time and thereby reduce production losses

Multiple Choice Single Answer
Question
The document raised by PPC which authorises different functions to take action as per instruction is called
Correct Answer
Work Order
Your Answer
Work Order

True/False
Question
Dust gets mixed with lubricants, forms an abrasive substance and causes pre-mature failure of machinery.
Correct Answer
True
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Draining and refilling of oil reserviors of plunger pump
Yearly
Yearly
Parts lubricated with oil nipple
Daily
Daily
Tools and slideways
two to three times a day
two to three times a day
Table lubrication
Weekly
Weekly

Select The Blank
Question
Production control work is ________ in case of floor inspection as compared with the centralised inspection.
Correct Answer
easier
Your Answer
easier

True/False
Question
Operation process charts though indicates the sequence of events but do not show movements.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The ________ is the probability that a bad lot will be accepted by the sampling plan.
Correct Answer
Consumer's risk
Your Answer
Consumer's risk

Select The Blank
Question
A ________ is another form of subcontracting.
Correct Answer
Hiring capacity
Your Answer
Hiring capacity

Select The Blank
Question
The ________ breakdowns usually cost more, partly due to damage done to the adjustment components and partly due to emergency actions.
Correct Answer
Unexpected
Your Answer
Unexpected

Select The Blank
Question
Production Planning is a centralised activity which includes functions such as ________
Correct Answer
Scheduling
Your Answer
Scheduling

Multiple Choice Single Answer
Question
Which is the zone beyond LTPD in case of Oc curve of a general plan?
Correct Answer
Zone of rejection
Your Answer
Zone of rejection

Multiple Choice Single Answer
Question
Where the ignorance towards the degradation of machine leads to?
Correct Answer
Eventual breakdown
Your Answer
Eventual breakdown

Production and Operations Management - 1

http://scdlpapers.blogspot.com
True/False
Question
The problems of congestion, bottlenecks and backtracking can not be visualized by using templates and models.
Correct Answer
False
Your Answer
False

Multiple Choice Multiple Answer
Question
Following are some of the factors which influence process planning
Correct Answer
Order Quantity , Process capability of machine , Delivery Dates
Your Answer
Process capability of machine , Delivery Dates , Order Quantity

Multiple Choice Single Answer
Question
Gross requirement of products is determined on the basis of
Correct Answer
Both forecast and pending orders
Your Answer
Both forecast and pending orders

True/False
Question
Skill of labour force in a product type layout is usually higher than in the process type of layout
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
Question
In exponential smoothing method,for a stable demand pattern and better smoothing effect, value of fraction( Alpha) selected is
Correct Answer
0.05 to 0.10
Your Answer
0.05 to 0.10

True/False
Question
Recording of movement is not necessary in case of method study in any form.
Correct Answer
False
Your Answer
True

Multiple Choice Multiple Answer
Question
Which of the following may be the objectives of project crashing?
Correct Answer
To complete the project in the least possible time , To reduce project cost below it's normal cost , To achieve uniformity in requirement of resources
Your Answer
To complete the project in the least possible time , To reduce project cost below it's normal cost , To achieve uniformity in requirement of resources

Multiple Choice Single Answer
Question
Which is the next stage to the inspection based quality control in the historical development of quality management.
Correct Answer
Quality assurance
Your Answer
Total Quality management

Select The Blank
Question
The ________ includes preventive maintenance activities whose needs are identified through inspection which requires stoppage of machines.
Correct Answer
Shutdown Maintenance
Your Answer
Shutdown Maintenance

Multiple Choice Single Answer
Question
Inadequate production capacity ultimately leads to
Correct Answer
Poor Customer Service
Your Answer
Low Productivity

Select The Blank
Question
The ________ is the maintenance work initiated on a result of knowledge of the condition of an item from routine or continuous checking.
Correct Answer
Condition monitoring
Your Answer
Condition monitoring

True/False
Question
Inspection should be conducted on all incoming materials, semifinished items, bought out components, subcontract items prior to any operation, assembly.
Correct Answer
True
Your Answer
True

Select The Blank
Question
The ________ is the maximum percentage defective that for the purpose of sampling inspection can be considered satisfactory as a process average.
Correct Answer
Acceptable quality level
Your Answer
Acceptable quality level

Multiple Choice Single Answer
Question
Production Planning includes
Correct Answer
Predetermination of manufacturing requirements
Your Answer
Predetermination of manufacturing requirements

Multiple Choice Multiple Answer
Question
Expediting function is concerned with following activities
Correct Answer
Progress chasing to identify delays which may hold up production , Communicating possible delays in delivery date commitment to sales department , Devising cures to keep rate of production in line with schedule
Your Answer
Progress chasing to identify delays which may hold up production , Communicating possible delays in delivery date commitment to sales department , Devising cures to keep rate of production in line with schedule

Select The Blank
Question
The ________ is the watch dog which ensures that every element of production and activities which could affect the quality of end product are regulated to the extent desirable.
Correct Answer
Quality control
Your Answer
Quality control

True/False
Question
A load chart specifies the work to be carried out by each person of company during shift hours.
Correct Answer
False
Your Answer
False

Match The Following
Question
Correct Answer
Your Answer
Pessimistic time
b
b
Expected time
Te
Te
Optimistic time
a
a
Most likely time
m
m

True/False
Question
Breakdown is inversly proportional to the investment in W.I.P.
Correct Answer
False
Your Answer
True

Select The Blank
Question
Production Planning is a centralised activity which includes functions such as ________
Correct Answer
Scheduling
Your Answer
Scheduling

Select The Blank
Question
A set of activities to keep an equipment in the specified condition is called as ________.
Correct Answer
Maintenance
Your Answer
Maintenance

Multiple Choice Single Answer
Question
A good plant layout helps in
Correct Answer
Reducing handling costs
Your Answer
Reducing handling costs

Select The Blank
Question
The ________ is the probability that a good lot will be rejected by the sampling plan.
Correct Answer
Producer's risk
Your Answer
Producer's risk

Multiple Choice Multiple Answer
Question
Components of Production Management include
Correct Answer
Capacity Planning , Job Design , Production Planning
Your Answer
Capacity Planning , Job Design , Production Planning

Multiple Choice Single Answer
Question
Technique of Value Engineering can be effectively employed in design of a product to
Correct Answer
To meet the intended function at lowest cost
Your Answer
To meet the intended function at lowest cost

Multiple Choice Multiple Answer
Question
Which are the subtasks of the maintenance phase of the method study?
Correct Answer
Monitoring and control , Performance appraisal , Audit on savings
Your Answer
Monitoring and control , Performance appraisal , Audit on savings

True/False
Question
short cycle job should be studied for macroscopic motions.
Correct Answer
False
Your Answer
True

Select The Blank
Question
The ________ is a set of tools and techniques by which products are made to comply with the specifications at minimum cost to the firm.
Correct Answer
Quality control system
Your Answer
Quality control system

True/False
Question
Inspection Order can be a verbal order
Correct Answer
True
Your Answer
False

Multiple Choice Single Answer
Question
Need for change in layout can occur due to following reason
Correct Answer
introduction of new product
Your Answer
improve quality

Select The Blank
Question
Goods after final inspection should accompany ________to enable dispatch department to identify and draw correct reference.
Correct Answer
Forwarding note
Your Answer
Forwarding note

Multiple Choice Multiple Answer
Question
Which are the different methods of recording actual progress of work?
Correct Answer
Display boards , Progress cards , Network updating
Your Answer
Display boards , Progress cards , Network updating

Select The Blank
Question
The term ________ emplies the foregone profit due to inability of company to produce.
Correct Answer
Opportunity cost
Your Answer
Opportunity cost

Multiple Choice Single Answer
Question
What do you mean by lowest possible direct cost required to complete an activity within it's crashed time?
Correct Answer
Crash cost
Your Answer
Normal cost

Multiple Choice Single Answer
Question
Any premise in which persons are employed for purpose of making any product/s is called
Correct Answer
Factory
Your Answer
Factory

Multiple Choice Single Answer
Question
The process of changing inputs into outputs thereby adding some value to entity can be defined as
Correct Answer
Operation
Your Answer
Operation

Multiple Choice Single Answer
Question
What do you mean by the selection of the job for the method study on the basis of manufacturing difficulties?
Correct Answer
Technical consideration
Your Answer
Economic consideration

True/False
Question
In case of backward pass computation, the latest event time of the end event equals to the earliest event time minus duration of that activity.
Correct Answer
False
Your Answer
True

Match The Following
Question
Correct Answer
Your Answer
Emerson Efficiency Plan
Wage Payment
Wage Payment
Craft
Facilities Planning
Facilities Planning
Work Sampling
Machine utilization
Machine utilization
Gantt Chart
Production Scheduling
Production Scheduling

Multiple Choice Multiple Answer
Question
Which of the following are examples of addition during recording for method study?
Correct Answer
Brazing , Welding , Riveting
Your Answer
Brazing , Welding , Riveting

Multiple Choice Single Answer
Question
The ratio of output to input of a production system is commonly known as
Correct Answer
Productivity
Your Answer
Productivity

Multiple Choice Single Answer
Question
In case of Batch Production which kind of labour is expected?
Correct Answer
Skilled in one specific Manufacturing Process
Your Answer
Skilled in all Manufacturing Processes

Select The Blank
Question
The ________ is necessary when the job requires detailed of one or more of the job characteristics with the help of special equipment which is not available at the producing company.
Correct Answer
Inspection order
Your Answer
Inspection order

Multiple Choice Multiple Answer
Question
Which are the factors on which the structure of the transportation cost depends?
Correct Answer
Average distance of shipment , Characteristics of the commodity , Medium of shipment
Your Answer
Average distance of shipment , Characteristics of the commodity , Medium of shipment

Multiple Choice Single Answer
Question
Which is the ideal place to inspect jigs and fixtures in a mass manufacturing unit?
Correct Answer
Separate inspection room
Your Answer
Separate inspection room

True/False
Question
In Gantt Chart, the horizontal lines devide vertical lines into sections which represents either operations or work centres.
Correct Answer
True
Your Answer
True

International Finance - 1

Multiple Choice Multiple Answer


Question
What are the categories of exposures, a person faces in International trade?


Correct Answer
Transaction exposure , Translation exposure


Your Answer
Transaction exposure , Exchange rate fluctuation , Political changes


Multiple Choice Multiple Answer


Question
The factors which affect the performance of an option are:-


Correct Answer
Underlying asset price , Time before expiration, rate of interest


Your Answer
Underlying asset price , Time before expiration, rate of interest


Select The Blank


Question
The option which can be exercised on the maturity date and not before it is known as________.


Correct Answer
European Option


Your Answer
European Option


Multiple Choice Single Answer


Question
What are the powers of restricted money changers?


Correct Answer
Purchase foreign currencies


Your Answer
Purchase and sell foreign currency notes and travellers cheques
































Multiple Choice Multiple Answer


Question
Which contracts are used for transportation by road?


Correct Answer
FCA , CPT


Your Answer
FCA , CPT

 Multiple Choice Multiple Answer

  Question Â
The World Bank Group Consists of

  Correct Answer Â
International Development Association , International finance Corporation , Multinational Investment Guarantee Agency

 True/False

  Question Â
Naked position is when investor does not hedge against market risk.

  Correct Answer Â
True

  Your Answer Â
TRUE

 Multiple Choice Multiple Answer

  Question Â
In DAF, the frontier means :-

  Correct Answer Â
Frontier of exporter's country , Frontier of importer's country

 Multiple Choice Single Answer

  Question Â
Which type of Convertibility of Rupee launched in March 1992 ?

  Correct Answer Â
Limited convertibility

  Your Answer Â
Convertibility on current account

 Multiple Choice Single Answer

  Question Â
What was the reason for launching swap as an risk hedging instrument?

  Correct Answer Â
To avoid the effects of currency control imposed in UK

  Your Answer Â
To avoid the effects of currency control imposed in UK

 Multiple Choice Single Answer

  Question Â
Equity can be raised internationallly by a company through :-

  Correct Answer Â
Fund raising, underwriting, hedging , arbitration operations

  Your Answer Â
Floating debt instruments

 True/False

  Question Â
In forward sales, the delivery refers to actual cash flows on due date.

  Correct Answer Â
True

 Select The Blank

  Question Â
Any company involved in foreign exchange transactions is exposed to ________ risk.

  Correct Answer Â
Currency

  Your Answer Â
Payment


Â

 True/False

  Question Â
An AD can book a forward contract for a part of the amount of Sale Contract

  Correct Answer Â
True

 Multiple Choice Single Answer

  Question Â
Why does a person need protection from unfavourable movement of exchange rate?

  Correct Answer Â
Unfavourable fluctuations in exchange rate can wipe out the normal business profit

  Your Answer Â
He wants to make profit

 Match The Following

Question
Correct Answer
Your Answer

Merchant banking
Portfolio management
Portfolio management

Securitization
Issue of debt in the form of tradeable security
Issue of debt in the form of tradeable security

Prime borrower
Highest credit rating
Highest credit rating

Traditional banking service
Loans and cash credit against security
Loans and cash credit against security

 Multiple Choice Multiple Answer

  Question Â
What are the activities of ICC?

  Correct Answer Â
Aribtration and dispute resolving , Canvass for open trade combat commercial crime

  Your Answer Â
Aribtration and dispute resolving , Canvass for open trade combat commercial crime

 Multiple Choice Multiple Answer

  Question Â
Which factors influence the valuation of cash flows?

  Correct Answer Â
Incomplete capital market , Availability of projkect specific concessional finance,

  Your Answer Â
Incomplete capital market , Rates of inflation, , volatility of exchange rates

 Multiple Choice Multiple Answer

  Question Â
What is the objective of FEDAI?

  Correct Answer Â
Laying down terms and conditions of exchange business between Customers and Bankers , Interbank understanding for transacting forex business and exchange rates

  Your Answer Â
Laying down terms and conditions of exchange business between Customers and Bankers , Growth of Indian Exports , Ensure the profitability of Forex business to the banks

Â>Select The Blank


  Question Â
Forward margin makes a currency cheaper then the currency is at ________.
  Correct Answer Â
Discount
  Your Answer Â
PAR

Â
 Match The Following

Question
Correct Answer
Your Answer

Intolerable risk
Drop the investment project
Cost of evluation does not justify analysis

Country risk analysis
Cost of evluation does not justify analysis
Continue the project

Stock market analysis
Banks are ahead
Banks are ahead

Weightages %
Factors' values
Factors' values

 Multiple Choice Single Answer

  Question Â
A bill of exchange issued by a bank which pays specified sum of money to the holder on a specific date is called :-

  Correct Answer Â
Bankers' Acceptance Bond

  Your Answer Â
Usance Bill of Exchange

 Multiple Choice Single Answer

  Question Â
In the syndicated loan arrangement the borrower has to execute :-

  Correct Answer Â
Single Principal loan agreement

  Your Answer Â
Single Principal loan agreement

 Select The Blank

  Question Â
Rupee was liberalised on ________ account in 1993, and on current account in 1994.

  Correct Answer Â
Trade

  Your Answer Â
Capital

 Select The Blank

  Question Â
Indian Co. intending to make investment under Automatic route needs to submit form ________ to RBI with enclosures.

  Correct Answer Â
ODA

  Your Answer Â
ODA

 Multiple Choice Multiple Answer

  Question Â
A Forward purchase contract was booked with an authorised dealer and subsequently cancelled .It :-

  Correct Answer Â
Can be booked again with another dealer , Can be booked again with the same dealer

  Your Answer Â
Can be booked again with another dealer , Can be booked again with the same dealer , Can be booked only for un booked portion of the contract.


Select The Blank


Question
The ________is a Floating rate index for swaps.


Correct Answer
US Commercial paper rate


Your Answer
US Commercial paper rate

Financial Management - 1

Multiple Choice Multiple Answer
Question The causes of undercapitalisation are
Correct Answer Future earnings may be underestimated , Company following too conservative policy for paying the dividends
Your Answer Company following too conservative policy for paying the dividends , Future earnings may be underestimated

Select The Blank
Question Subscription list of a public issue of shares shall be kept open for minimum ________ working days
Correct Answer 3
Your Answer 3

Select The Blank
Question ________ in liabilities involves outflow of funds
Correct Answer Decrease
Your Answer Decrease

Multiple Choice Single Answer
Question The Investment decisions are mainly concerned with
Correct Answer Application of funds
Your Answer Application of funds

Multiple Choice Multiple Answer
Question The following techniques can be used to delay cash payments
Correct Answer Payments can be made from a bank which is distant from the bank of the company to which payment is to be made , Attempts should be made by the company to get the maximum credit for the goods or service supplied , Avoid early payments
Your Answer Payments can be made from a bank which is distant from the bank of the company to which payment is to be made , Attempts should be made by the company to get the maximum credit for the goods or service supplied , Avoid early payments

Select The Blank
Question Till the sales revenue reaches the break even point, the company ________
Correct Answer incurs the losses
Your Answer incurs the losses

Select The Blank
Question Preparation of Financial plan at the time of company promotion is ________ duty of the finance executive
Correct Answer Non-recurring
Your Answer Non-recurring

Multiple Choice Single Answer
Question The ratio which indicates the extent to which the Owners' funds are sunk in different kinds of assets is termed as
Correct Answer Proprietory ratio
Your Answer Proprietory ratio

Select The Blank
Question ________ is the summary of cash book or Receipts and Payments Statement
Correct Answer Cash flow statement
Your Answer Cash flow statement

True/False
Question Retained earnings or ploughed back profits is one of the best source of raising long term funds for the company
Correct Answer True
Your Answer True

True/False
Question When a company issues bonus shares, reserves of the company get reduced and share capital of the company increases
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Top management who can accept or reject capital expenditure proposals may be in the form of
Correct Answer Board of Directors , Executive committee , Management committee
Your Answer Board of Directors , Executive committee , Management committee

Multiple Choice Multiple Answer
Question The approaches to compute the cost of equity shares are
Correct Answer Dividend / Price Approach , Realised Yield Approach , Earnings / Price Approach
Your Answer Dividend / Price Approach , Realised Yield Approach , Earnings / Price Approach

True/False
Question Introduction of a heavy amount of debt capital in the capital structure will not only reduce the valuation of the firm but will also increase the cost of capital
Correct Answer True
Your Answer True

True/False
Question Before the company can pay the dividend on Equity shares, it is bound to pay the dividend on Preference shares
Correct Answer True
Your Answer True

Match The Following
Question Correct Answer Your Answer

Term loan represents a source of debt finance which is generally repayable in more than one year but less than ten years represents a source of debt finance which is generally repayable in more than one year but less than ten years

Lessee Not able to claim depreciation on asset Not able to claim depreciation on asset

Hirer Claims the depreciation on the asset Claims the depreciation on the asset

Retained earnings Residue left behind from earnings available to equity shareholders after the payment of annual dividend Residue left behind from earnings available to equity shareholders after the payment of annual dividend


Multiple Choice Multiple Answer
Question Uses of financial leverage are
Correct Answer It acts as a guideline in setting maximum limit upto which the company should use the debt capital , It gives an indication regarding the extent to which Earning per share may be affected due to every change in Earning before Interest and tax
Your Answer It acts as a guideline in setting maximum limit upto which the company should use the debt capital , It gives an indication regarding the extent to which Earning per share may be affected due to every change in Earning before Interest and tax , It provides useful guidelines for determining the optimal capital structure

Multiple Choice Multiple Answer
Question The methods which consider the risk in capital budgeting decision are
Correct Answer Informal method , Risk adjusted discounting rate , Certainty-Equivalent approach
Your Answer Informal method , Risk adjusted discounting rate , Certainty-Equivalent approach

Select The Blank
Question Profit after taxes can be distributed among the owners of the company by way of ________
Correct Answer dividend
Your Answer dividend

Multiple Choice Single Answer
Question Interest Coverage ratio is calculated as
Correct Answer Profit before Interest and taxes / Interest charges
Your Answer Profit before Interest and taxes / Interest charges

True/False
Question Internal rate of return indicates that the discounting rate at which net present value is zero
Correct Answer True
Your Answer True

Select The Blank
Question In ABC analysis C class consist of ________.
Correct Answer a very large number of items which are less important
Your Answer a very large number of items which are less important

True/False
Question Semi-variable cost is the cost which varies in direct proportion to the sales revenue
Correct Answer False
Your Answer False

True/False
Question One of the most common methods to monitor the receivables on macro basis is to calculate age-wise analysis of receivables
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question Tangible net worth means
Correct Answer share capital plus free reserves
Your Answer Current assets less Current liabilities

Multiple Choice Multiple Answer
Question Assuming the current ratio is 2, in which cases would the current ratio decline
Correct Answer Purchase of fixed Assets , Borrow Money on an Interest bearing promissory note
Your Answer Purchase of fixed Assets , Borrow Money on an Interest bearing promissory note

True/False
Question Solvency ratios consists of current ratio and Price earnings ratio
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question Revenue reserves represents
Correct Answer Accumulated retained earnings from the profits of normal business operations
Your Answer Accumulated retained earnings from the profits of normal business operations

Select The Blank
Question For the selection of the period for which capital expenditure budget should be prepared , ________ a period may not be useful
Correct Answer Too long
Your Answer Too long

Multiple Choice Multiple Answer
Question The shares of the company can be bought back out of the following amounts
Correct Answer Free Reserves of the company , Share Premium Account of the company , Proceeds of issue of any shares or other specified securities
Your Answer Free Reserves of the company , Share Premium Account of the company

Multiple Choice Single Answer
Question From the following data, work out the Economic order quantity : Annual Demand : 5000 units, Ordering cost Rs. 60 per order, Price per unit Rs. 100, Inventory carrying cost is 15% on average inventory
Correct Answer 200 units
Your Answer 200 units

Multiple Choice Single Answer
Question Increase in average credit period to maintain sales in view of falling demand can be indicated by
Correct Answer Debtors turnover ratio
Your Answer Debtors turnover ratio

Match The Following
Question Correct Answer Your Answer

Increase in current liabilities decreases working capital increases working capital

Increase in liabilities inflow of funds inflow of funds

Decrease in liabilities outflow of funds outflow of funds

Increase in current assets increases working capital cash flow analysis


Select The Blank
Question The situation of watered capital may arise due to ________
Correct Answer Company pays higher price to the vendors of the assets transferred
Your Answer Company pays higher price to the vendors of the assets transferred

True/False
Question Economic Order Quantity model is a very useful model of determining the order quantity
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question The advantages of operating lease is
Correct Answer In an operating lease arrangement the equipment risk is transferred to the lessor , It minimizes investment in equipment , Reduces expenditure on maintenance
Your Answer In an operating lease arrangement the equipment risk is transferred to the lessor , It minimizes investment in equipment , Reduces expenditure on maintenance

Select The Blank
Question ________ in assets involves inflow of funds
Correct Answer Decrease
Your Answer Decrease

Multiple Choice Multiple Answer
Question The functions of a Finance Controller are :
Correct Answer Budgeting , Record Keeping , Annual Reporting
Your Answer Budgeting , Record Keeping , Annual Reporting

Multiple Choice Single Answer
Question The symptom of low capacity utilisation will be shown by
Correct Answer Fixed Assets Turnover ratio
Your Answer Fixed Assets Turnover ratio

Multiple Choice Single Answer
Question If a company decides to invite public deposits
Correct Answer It should publish an advertising in leading newspaper
Your Answer It should publish an advertising in leading newspaper

Multiple Choice Multiple Answer
Question The techniques of Analysis and Interpretation of financial statements are
Correct Answer Ratio Analysis , Cash flow Analysis
Your Answer Ratio Analysis , Cash flow Analysis

Multiple Choice Multiple Answer
Question Advantages of ABC Analysis are
Correct Answer A close and strict control is facilitated on the most important items , Helps in maintaining a high inventory turnover ratio , Optimum utilisation of the available funds can be assured
Your Answer It enables to locate slow and non-moving items , A close and strict control is facilitated on the most important items , Optimum utilisation of the available funds can be assured

Select The Blank
Question The amount of profit earned after recovering the interest on long term sources of capital is referred to as ________
Correct Answer Profit before taxes
Your Answer Profit before taxes

Multiple Choice Single Answer
Question Mr. A invested Rs. 10,000 in fixed deposit carrying interest @10% p.a. compounded annually. Calculate the value of investment after two years
Correct Answer Rs. 12,100
Your Answer Rs. 12,100

Multiple Choice Single Answer
Question Increase in the amount of bills payable results in
Correct Answer Increase in cash
Your Answer Decrease in cash

Multiple Choice Single Answer
Question The assets held by a business which can be converted in the form of cash or used during the course of normal operations is termed as
Correct Answer Current assets
Your Answer Current assets

True/False
Question Inadequate provision for depreciation may be the cause of overcapitalisation
Correct Answer True
Your Answer True

Human Resource Management (HRM) - 2

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Single Answer
Question Name the person who lacks the other basic qualities can lead others in the wrong direction.
Correct Answer Leader
Your Answer Leader

Multiple Choice Multiple Answer
Question what are the common objections against the treatment of people as assets in a HRM system
Correct Answer There is no assurance of future benefits , people are not owened by the organisation , it may not be recognised by tax laws
Your Answer people are not owened by the organisation , it may not be recognised by tax laws , There is no assurance of future benefits

Multiple Choice Single Answer
Question What is concerned with developing a pool of candidates in line with the human resources plan
Correct Answer Recruitment
Your Answer Recruitment

Multiple Choice Single Answer
Question The 'Zero defects' concept emphasizing adherence to quality requirements and employee motivation was prompted by -
Correct Answer Crosby
Your Answer Crosby

Multiple Choice Multiple Answer
Question Name the steps that develop strategic framework for HRD
Correct Answer Realistic employee development , Measurable employee development , Well costed employee development
Your Answer Realistic employee development , Measurable employee development , Well costed employee development

Multiple Choice Multiple Answer
Question While planning for a period of five years, the expected loss situation can be evaluated in terms of:
Correct Answer Retirement , Transfer , Death
Your Answer Retirement , Transfer , Death

Multiple Choice Multiple Answer
Question List the measures to overcome the HRD problems in India
Correct Answer Govt. to take steps to alleviate poverty , Govt. to take steps to accelarate economic development , People to practice religious tolerance
Your Answer Govt. to take steps to alleviate poverty , Govt. to take steps to accelarate economic development , People to practice religious tolerance

Select The Blank
Question ________ are the visible amounts given for fertilizers export promotion, etc.
Correct Answer Explicit subsidies
Your Answer Explicit subsidies

Multiple Choice Single Answer
Question Which system emphasis a lot on the need to motivate people
Correct Answer Human Resourse Development
Your Answer Human Resourse Development

Multiple Choice Multiple Answer
Question Under the appraisal panel which are the qualities that can achieve good results despite the difficulties inherent in the potential appraisal:
Correct Answer Creative imagination , Sense of reality , Effective leadership
Your Answer Creative imagination , Sense of reality , Effective leadership

True/False
Question Analysis of secondary data can give a lot of insights into the HRD assets & liabilities of the company
Correct Answer True
Your Answer True

Select The Blank
Question The________ can be made using a checklist of questions
Correct Answer Observation
Your Answer Observation

Select The Blank
Question The job evaluation programme once installed must be continued on a ________ basis.
Correct Answer permanent
Your Answer permanent

Multiple Choice Single Answer
Question What is one of the major reasons for a perceived rise in number of moon - lights in the coming future?
Correct Answer Change in values & expectations.
Your Answer A change in standard of living

Multiple Choice Multiple Answer
Question What are the areas where the auditors should physically visit the workplace?
Correct Answer Canteens , Living colony , Training rooms
Your Answer Training rooms , Canteens , Living colony

Multiple Choice Multiple Answer
Question What are the action steps for effective Benchmarking?
Correct Answer Identifying the human resources related areas to be benchmarked. , Prepare a report that documents the processes, functions, its extent & result areas , Understand why such a study is being conducted
Your Answer Identifying the human resources related areas to be benchmarked. , Prepare a report that documents the processes, functions, its extent & result areas , Understand why such a study is being conducted

Multiple Choice Multiple Answer
Question Under HRD, name the factors that act as motivating forces
Correct Answer Job enrichment , Informal organisation , Participative management
Your Answer Job enrichment , Informal organisation , Participative management

Multiple Choice Multiple Answer
Question Every HRD system developed by an organisation should be based on the following elements of HRM. Those are:
Correct Answer Suitable compensation plan , Selection of the right people , Good performance appraisal system
Your Answer Suitable compensation plan , Selection of the right people , Good performance appraisal system

Select The Blank
Question Business re-engineering often shift the power base, changing the 'command - and - control' approach to ________.
Correct Answer 'Mobilised -and - enable'
Your Answer 'Mobilised -and - enable'

Multiple Choice Multiple Answer
Question What are the published literature of the company which help in assessing the strengths and weakness of HRD
Correct Answer Manual reports , Marked Handouts , Personal Manual
Your Answer Manual reports , Marked Handouts , Personal Manual

Select The Blank
Question At Hewlett Packard, as part of their BPR programme, the ________directs resources from applicants to a centralised employment response centre.
Correct Answer EMS
Your Answer EMS

True/False
Question Depending on the career path model of managers, some specialised training inputs are given at pre-determined times to make him more handling the new higher assignment
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question What is the act of taking up part time job or business or industrial unit simultaneously with that of the original job?
Correct Answer Moon-lighting
Your Answer Moon-lighting

Multiple Choice Single Answer
Question Name one of the components systems of HRD :
Correct Answer Career system
Your Answer Career system

Select The Blank
Question Most HRD audit are due to failures of ________.
Correct Answer Implementation
Your Answer Implementation

True/False
Question It can be enagued that globalization has reduced poverty in India and China, home to move that half a billion of the world's poor income group
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Why is it felt that federations & unions in India are not functioning on sound lines?
Correct Answer Outside political leadership
Your Answer Outside political leadership

Select The Blank
Question ________ of more than 1500 managers in Dr. Odiorne's study were found to be in the Work Horse category
Correct Answer 0.79
Your Answer 0.79

Select The Blank
Question In one organisation the joke making rounds was that managers came in vertically and went out ________
Correct Answer Horizontally
Your Answer Horizontally

True/False
Question It is not necessary that the subordinate should feel free to participate without fear in the process of review & feedback.
Correct Answer False
Your Answer False

Select The Blank
Question Union leaders at different levels & at federatoins are elected on ________
Correct Answer democratic principle
Your Answer democratic principle

Multiple Choice Single Answer
Question One of the importance of HRD is
Correct Answer Role clarity
Your Answer Role clarity

Multiple Choice Multiple Answer
Question What are the prerequisites for the perfect functioning of management participation in trade unions
Correct Answer The union should be well organised with sounds rules , the coverage of items for discussion & participation should be pre -set , both parties should have implicit faith in information supplied by the other
Your Answer The union should be well organised with sounds rules , the coverage of items for discussion & participation should be pre -set , both parties should have implicit faith in information supplied by the other

Select The Blank
Question For the period of the lay off up to a maximum of ________ workmen will be paid compensation equal to half their basic pay & D.A.
Correct Answer 45 days
Your Answer 45 days

Match The Following
Question Correct Answer Your Answer

An efficient plant layout & a good menchmark Ford Motors Ford Motors

Simple act of comparision & learning for organisational improvement Benchmarking Benchmarking

The Malcolm Bridge National Quality Award Xerox (1989) Xerox (1989)

Japanese firms had ling been benchmarking other companies, many of them American Ohirata (1994) Ohirata (1994)


Multiple Choice Single Answer
Question According to Lahiry what is the simple act of comparison & learning for organisational improvement?
Correct Answer Benchmarking
Your Answer Benchmarking

True/False
Question The job falling under the same grade get different wage scale.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question A candidate immediately after completing his school / collage education joins an organisation in lower level position. Later he finds it difficult to make both ends meet as his family grows & thus takes up a part time job or business, etc during his off-hours, this part of moon lighting is called :
Correct Answer Quarter Moon Lighting
Your Answer Quarter Moon Lighting

Multiple Choice Single Answer
Question The differences in which kind of faiths among the people is hurdle in the HRD
Correct Answer Religious
Your Answer Religious

True/False
Question Majority of the disputes in industries are related to the problem of wages, salaries & benefits
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question What are the uses of the ' Balanced Score Card' as a strategic management system?
Correct Answer It is used to clarify & translate vision & strategy , It is used as a management tool. , It is used to enhance strategic feedback and learning curves.
Your Answer It is used to clarify & translate vision & strategy , It is used as a management tool. , It is used to enhance strategic feedback and learning curves.

Multiple Choice Multiple Answer
Question How would the representative of consumer association be able to make a difference in the consumerism movement
Correct Answer by participating in collective barganing , to demands good supply of quality goods at fair practices , to demands good supply of quality goods at fairs prices
Your Answer by participating in collective barganing , to demands good supply of quality goods at fairs prices

Multiple Choice Multiple Answer
Question Why do employees adopt proxy system ? In order to improve
Correct Answer to their social status , their economic status , their psychological status
Your Answer to their social status , their economic status , their psychological status

Multiple Choice Single Answer
Question In the stage of career development cycle which out of the following approach should be adopted to bridge the gap? Alternatives for the training should include a -
Correct Answer "Swim or Sink approach"
Your Answer "Swim or Sink approach"

Multiple Choice Single Answer
Question How can management representatives essentially help employees' organisations?
Correct Answer Formulation of plans & providing information
Your Answer By taking on an advisory role

Multiple Choice Single Answer
Question A multi-Rate Appraisal and feedback system is essentially
Correct Answer a 360 degree Appraisal
Your Answer a 360 degree Appraisal

Human Resource Management (HRM) - 1

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank
Question ________ of more than 1500 managers in Dr. Odiorne's study were found to be in the Work Horse category
Correct Answer 0.79
Your Answer 0.79

Multiple Choice Multiple Answer
Question What are the common job responsibilities of an executive?
Correct Answer Co-ordinate Training Programme , Keep cost within budget , Publish House Journal
Your Answer Co-ordinate Training Programme , Keep cost within budget , Publish House Journal

Multiple Choice Single Answer
Question What is it that some of the companies have borrowed from professionally managed Cos'
Correct Answer HRD practices
Your Answer HRD practices

Multiple Choice Multiple Answer
Question What are aims & objectives of HRA?
Correct Answer Increase manarginal awarness of human resourcess , Developing new meaure of effective manpower utilzation . , Enabling a longer time horzon for planning & budgeting .
Your Answer Increase manarginal awarness of human resourcess , Developing new meaure of effective manpower utilzation . , Enabling a longer time horzon for planning & budgeting .

Multiple Choice Single Answer
Question One of the importance of HRD is
Correct Answer Role clarity
Your Answer Role clarity

Match The Following
Question Correct Answer Your Answer

Need for HRD Audit It attempts to find out the future HRD needs of the company after assessing the current HRD activities & inputs It attempts to find out the future HRD needs of the company after assessing the current HRD activities & inputs

Limitation of HRD Audit It does not give evaluation of individuals but focuses on unit and systems. It does not give evaluation of individuals but focuses on unit and systems.

Definition of HRD Audit It is a comprehensive evaluation of the current HRD strategies structure, systems styles and skills in the business plans of a company It is a comprehensive evaluation of the current HRD strategies structure, systems styles and skills in the business plans of a company

Role of HRD Audit in business improvement It helps in changes in the styles of the top management It helps in changes in the styles of the top management


True/False
Question As per the Human Development Balance sheet, 1997 30% of the total population (world) lives in abolute poverty
Correct Answer False
Your Answer False

True/False
Question HRD audit can also be used against the HRD department
Correct Answer True
Your Answer True

True/False
Question Depending on the career path model of managers, some specialised training inputs are given at pre-determined times to make him more handling the new higher assignment
Correct Answer True
Your Answer True

True/False
Question A leader who lacks the other basic qualities can lead others in the wrong direction.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Name the persons through which balanced score card Approach was popularised :
Correct Answer Kaplan & Norton
Your Answer Kaplan & Norton

Match The Following
Question Correct Answer Your Answer

Feedback It should be data-based and not impressionistic It should be data-based and not impressionistic

Rapport building In this case there is a climate of acceptance & warmth In this case there is a climate of acceptance & warmth

Exploration In this case, the employee should appreciate his strengths & weakness. In this case, the employee should appreciate his strengths & weakness.

Action Planning In this case, the interview should end with specific plans of action for the development of the employee. In this case, the interview should end with specific plans of action for the development of the employee.


Multiple Choice Multiple Answer
Question Name of the various HRD score card:
Correct Answer HRD systems maturity score , Competency score , HRD competencies systems maturity score
Your Answer HRD systems maturity score , Competency score , HRD competencies systems maturity score

Multiple Choice Multiple Answer
Question What are the objectives of a quality control programme?
Correct Answer Improvement in standard of goods with very little increase in cost of production , Improvement in minimizing wastages. , Conformance with desired standards.
Your Answer Improvement in standard of goods with very little increase in cost of production , Improvement in minimizing wastages. , Conformance with desired standards.

Multiple Choice Multiple Answer
Question List the measures to overcome the HRD problems in India
Correct Answer Govt. to take steps to alleviate poverty , Govt. to take steps to accelarate economic development , People to practice religious tolerance
Your Answer Govt. to take steps to alleviate poverty , Govt. to take steps to accelarate economic development , People to practice religious tolerance

Multiple Choice Single Answer
Question The differences in which kind of faiths among the people is hurdle in the HRD
Correct Answer Religious
Your Answer Religious

Multiple Choice Single Answer
Question Conventionally Personnel Managers & Manpower Development Managers took what form of approach for the development of human resource?
Correct Answer Manufacturing approach
Your Answer Manufacturing approach

Select The Blank
Question In the Development Grade Method of career planning the selected staff for this grade would remain there only for ________ years
Correct Answer two
Your Answer two

Multiple Choice Single Answer
Question Name the situation where a person takes the necessary steps at the right moment of time
Correct Answer Action
Your Answer Action

Multiple Choice Multiple Answer
Question Training programmes conducted by dividing the total group of participants into teams who are assigned to complete the task within a time limit are called -
Correct Answer SSL Technology , Grid Seminars
Your Answer Game Seminars , Grid Seminars

True/False
Question Human resource management is responsible for getting the best people, training and providing mechanism.
Correct Answer True
Your Answer True

True/False
Question The HRD programmes fail due to poverty, social injustice.
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Retrenchment procedures are governed what method of Accounting?
Correct Answer LIFO
Your Answer LIFO

Multiple Choice Multiple Answer
Question Under orientation programmes, some very important issues discussed and clarified are :
Correct Answer Purpose of 360 Degree Feedback , Who analyzes the data? , Who are going to provide feedback?
Your Answer Purpose of 360 Degree Feedback , Who analyzes the data? , Who are going to provide feedback?

Multiple Choice Multiple Answer
Question Every HRD system developed by an organisation should be based on the following elements of HRM. Those are:
Correct Answer Suitable compensation plan , Selection of the right people , Good performance appraisal system
Your Answer Suitable compensation plan , Selection of the right people , Good performance appraisal system

Select The Blank
Question ________ is route to be followed in order to realise vision and overall purpose.
Correct Answer Strategy
Your Answer Strategy

Multiple Choice Multiple Answer
Question Name the steps that develop strategic framework for HRD
Correct Answer Realistic employee development , Measurable employee development , Well costed employee development
Your Answer Realistic employee development , Well costed employee development

Multiple Choice Single Answer
Question What was the total budgetory allocation made towards education as a vehicle for social transformate on by the then Minister of Finance, Yashwant Sinha in the 1998 budge?
Correct Answer Rs 70,470 million
Your Answer Rs 70,470 million

True/False
Question Implementation level deals with the actual conduct of the appraisal process.
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Why do employees adopt proxy system ? In order to improve
Correct Answer to their social status , their economic status , their psychological status
Your Answer to their social status , their economic status , their psychological well being

Multiple Choice Multiple Answer
Question HRD process variable include -
Correct Answer Role clarity , Work planning , Better communication
Your Answer Role clarity , Better communication

Select The Blank
Question ________ manpower plan need the involvement of top management as well as HR exports.
Correct Answer Strategic
Your Answer Long-term

True/False
Question Eight members is considered to be the norm as to the no. of members constituting a QC-
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Under "Workshop" feedback is done on which kind of categories?
Correct Answer Managerial role , Leadership styles , Behavioural qualities
Your Answer Managerial role , Leadership styles , Behavioural qualities

Multiple Choice Single Answer
Question Five main phases make up the process of the feedback exercise, name the PHASE 4-
Correct Answer Data feeding Reports & Analysis
Your Answer Data feeding Reports & Analysis

Multiple Choice Multiple Answer
Question A Managerial Walkabouts presents the students with some basic challenges, such as -
Correct Answer Logical Enquiry , Service , Adventure
Your Answer Logical Enquiry , Service , Adventure

Select The Blank
Question Some organisations use ________ & committee management as techniques of training & devlopment for flexitime systems
Correct Answer Job rotation
Your Answer Job rotation

Select The Blank
Question The ________ provide resources to approved employment schemes in the organised & marginised sectors
Correct Answer Employment Generation Fund
Your Answer Employment Generation Fund

Select The Blank
Question No worker employed in any industry who has been in continuous service for more than ________ , can be retrenched until prior permission from the govt. to retrench in undertakings employing more than 100 people
Correct Answer 1 year
Your Answer 1 year

Multiple Choice Multiple Answer
Question Why do most companies want HRD audit?
Correct Answer Change of Leadership , To make HR function business-driven , For growth & diversification
Your Answer Change of Leadership , To make HR function business-driven , For growth & diversification

Multiple Choice Single Answer
Question In the future what sort of organisations would provide expert advice & consultancy & further will also supply human resources for executing their projects.
Correct Answer Employee leasing
Your Answer Employee leasing

True/False
Question An evaluation of where one stands on the basis of their job responsibilities, leadership, qualities etc will be a good starting point for marketing plans for success
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question Federations may invite the management's representatives to participate in working committee meetings. Who would the unions at Plant level / Shop level essentially invite?
Correct Answer Representatives from line & personnel department.
Your Answer Representatives from line & personnel department.

Select The Blank
Question Expenses incurred by a firm on recruitment , training & devlopment of employees are treated as ________
Correct Answer Current costs
Your Answer Current costs

Multiple Choice Single Answer
Question What is concerned with developing a pool of candidates in line with the human resources plan
Correct Answer Recruitment
Your Answer Recruitment

Multiple Choice Single Answer
Question Which system emphasis a lot on the need to motivate people
Correct Answer Human Resourse Development
Your Answer Human Resourse Development

True/False
Question Monitoring and Follow-up follows the distribution of questionnaires to all assessors.
Correct Answer True
Your Answer True

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