C215 Strategic Management - Set 2 - Part 1

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 1: Which of the following best describes the 'critical path method' ?

A technique for time-based competition

A method to calculate the cost of a project

A network planning technique to identify the longest path in a project

A way to evaluate employee performance

Question 2: What is the main purpose of cycle counting in inventory management?

To measure customer satisfaction

To audit financial records

To ensure inventory accuracy through regular checks

To evaluate employee performance

Question 3: Which inventory strategy involves producing goods based on actual customer orders?

Make-to-Stock

Just-in-Time

Make-to-Order

Assemble-to-Order

Question 4: What does 'capacity cushion' refer to in operations management?

The total capacity of a facility

Additional capacity beyond regular requirements to handle variability

The minimum production level needed to meet demand

The efficiency of resource allocation

Question 5: Which term describes the process of determining the labor and machine resources needed to fulfill open and planned orders?

Aggregate planning

Capacity requirements planning

Master scheduling

Inventory management

Question 6: In project management, what does the 'most likely time estimate' represent?

The shortest possible time to complete an activity

The average time across all estimates

The expected duration based on normal conditions

The longest possible time to complete an activity

Question 7: What is the purpose of a 'decision tree' in operations management?

To illustrate the flow of materials

To model and evaluate decisions with associated risks

To track inventory levels

To outline production schedules

Question 8: Which of the following is a key characteristic of a fixed-position layout?

Resources are arranged based on process type

The product remains stationary while resources come to it

A single product line is produced

The layout is designed for high-volume production

Question 9: Which type of inventory is primarily associated with transportation between locations?

Work-in-process inventory

Finished goods inventory

Transportation inventory

Safety stock

Question 10: What does the 'bullwhip effect' refer to in supply chain management?

Improved demand forecasting

The amplification of demand fluctuations up the supply chain

Decreased inventory levels

Increased efficiency in production processes

Question 11: What is the primary focus of 'supply chain intelligence' (SCI)?

Enhancing customer service

Streamlining production processes

Enabling strategic decision-making along the supply chain

Reducing costs through labor cuts

Question 12: In operations, what does 'make-to-stock' mean?

Producing goods based on customer orders

Producing goods for immediate sale based on forecasted demand

Customizing products according to specific requirements

Producing goods in response to fluctuating demand

Question 13: What is the focus of 'environmental scanning' in operations management?

Evaluating internal processes

Monitoring external factors for opportunities and threats

Analyzing financial statements

Assessing employee performance

Question 14: Which of the following is a characteristic of 'mass customization'?

Producing high volumes of identical products

Offering a limited range of products

Providing highly tailored products at high volumes

Focusing on cost minimization

Question 15: What is 'flexibility' in operations management?

The ability to maintain high inventory levels

The capacity to adapt production processes to meet changing demands

The practice of standardizing all processes

The efficiency of resource allocation

Question 16: What does 'bottleneck' refer to in a production process?

A phase where no production occurs

The longest task that limits overall process speed

An area with excess inventory

A point where quality issues are detected

Question 17: Which of the following is an example of a 'quality circle'?

A group of managers discussing strategies

A team of employees meeting regularly to solve quality issues

An external audit team assessing quality standards

A training session for new hires

Question 18: What is the purpose of 'engineering plans' in operations management?

To outline the marketing strategy

To identify new products or modifications needed

To manage financial resources

To schedule production runs

Question 19: In operations, what does 'work sampling' measure?

The total time required for production

The proportion of time spent on various activities

The efficiency of resource allocation

The effectiveness of employee training

Question 20: Which of the following describes the 'objectives' in project management?

The financial resources allocated for a project

The goals to be achieved within the project

The timeline for project completion

The tasks required to complete the project

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