HomeProduction and Operations Management
31. The term ––––––––– implies the foregone profit due to inability of company to produce.
- Opportunity cost
- Marginal cost
- Overhead cost
- All of the above
Opportunity cost
32. OC curve of ideal sampling plan suggests that all lots less than 3% defectives have the probability of acceptance of –––––––––.
- 0.25
- 0.5
- 0.75
- 1
1
33. Which of the following are the objectives of a good maintenance system?
- Minimisation of wear and tear of machines
- Ensuring maximum plant availability
- Both (A) and (B)
- None of the above
Both (A) and (B)
34. Inherent Safety' is one of the principle of good layout. In context of layout, this can be achieved by the following
- Clear gangway
- Location of material and material handling system
- Both (A) and (B)
- None of the above
Both (A) and (B)
35. In case of an OC curve, the risk of rejecting a good quality lot may vary between –––––––––.
- 0.01 to 5%
- 0.01 to 10%
- 0.01 to 15%
- 0.01 to 20%
0.01 to 10%
36. How does 'structure' reduce external uncertainty arising out of human behaviour
- Research and planning
- Forecasting
- both (A) and (B)
- none of the above
both (A) and (B)
37. Inadequate production capacity ultimately leads to
- Poor quality
- Poor Customer Service
- Poor inventory control
- All of the above
Poor Customer Service
38. What do you understand by the inspection conducted on all non reworkable jobs prior to their movement to the scrap yard?
- Final inspection
- Endurance inspection
- Functional inspection
- Salvage inspection
Salvage inspection
39. A/An ––––––––– history card is the record of all repairs, replacements and engineering changes carried out in the equipment during it's period of service.
- Service
- Equipment
- Repair
- None of the above
Equipment
40. Which of the following are assignable cause?
- Large variations in hardness of material
- Tool wear
- Errors in setting
- All of the above
All of the above