Which of the following is true regarding transportation methods?

• A) It is not a trial-and-error method
• B) Transportation method can be used when the problem is viewed as one of allocating operating capacity to meet forecast demand
• C) It produces an optimum solution to an aggregate planning problem
• D) All the above are true regarding transportation method

Labor standards can be developed in all the following ways except ___________.

• A) Historical experience
• B) Predetermined time standards
• C) Time studies
• D) None of the options given

All the following are the functions of human resource management, EXCEPT:

• A) Product development
• B) Training and development
• C) Performance appraisal
• D) Recruitment and selection

In ABC analysis, which category of items typically represents the highest value but the smallest percentage of total items?

• A) D items
• B) C items
• C) B items
• D) A items

Which of the following industries are most likely to benefit from the application of Johnson's rule?

• A) Software development
• B) Healthcare
• C) Manufacturing
• D) Construction

Which of the following is not a characteristic of a level strategy in aggregate planning?

• A) Daily production is uniform.
• B) Use inventory or idle time as a buffer.
• C) The level strategy involves keeping the workforce constant.
• D) In the level strategy, daily production varies with the demand.

Annual ordering cost is calculated by which of the following formulas?

• A) DS/S
• B) DS/Q
• C) DS/C
• D) DS/G

Which one of the following cannot be considered as benefit due to JIT implementation?

• A) Increase in variability
• B) Reduction in cost
• C) Improvement in quality
• D) Reduction in delay

Which of the following is not a building block of just-in-time production?

• A) Personnel elements
• B) Process design
• C) Product design
• D) Material flow

Just in Time environment is based on which of the following options?None of the given options

• A) Pull system
• B) None of the given options
• C) Push system
• D) Incentive system

Which of the following is not a supporting goal of JIT system?

• A) Eliminate disruptions
• B) Make system more flexible
• C) Make system powerful
• D) Eliminate waste

When should a planned order be released according to the MRP objectives?

• A) Immediately after the order is planned
• B) As soon as the order is placed
• C) After receiving confirmation from the vendor
• D) When the planned order release date arrives

Which one of the following is not included in “housekeeping” for reducing waste?

• A) All the given options
• B) Simplify
• C) Self-discipline
• D) Standardization

In aggregate planning, when demand will be met by increasing or decreasing capacity through hiring and layoff of workers, without maintaining any inventory, we are using ____________ strategy.

• A) None of the given options
• B) Level strategy
• C) Chase strategy
• D) Time flexibility strategy

A price set by the retailer and often attached to a product with a sticker is known as:

• A) List price
• B) Market price
• C) Retail price
• D) Wholesaler price

Media for commercial advertising can include all of the following EXCEPT:

• A) Wall paintings
• B) Billboards
• C) Word of mouth
• D) Bus stop benches

Which of the following is the sale of consumer products or services in a face to face manner away from a fixed retail location?

• A) Industrial selling
• B) Business to business selling
• C) Indirect selling
• D) Direct selling

Which of the following is the reason(s) of using psychological pricing?

• A) Consumer ignore least significant digit
• B) All of the given option(s)
• C) Consumers got attracted towards such price
• D) Fractional prices shows lowest price

The reduction in the basic price of goods and services is called:

• A) None of the given options
• B) Discounts
• C) Sales
• D) Promotions

For which of the following price wars are good in the short run?

• A) Retailers
• B) Companies
• C) Competitors
• D) Customers