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Q. The process of buying large quantities of items when its price is low so that tentative profits can be obtained by selling them at higher prices is called……………..

Q. ………………..is the system in whichitems are processed in lots and a new lot is undertaken for production only when the production on all items of a lot is complete.

Q. ………………..are those materials and equipment’s which have no immediate use but have accumulated due to faulty planning, forecasting and purchasing.

Q. Human relations; the Hawthorne studies is developed by

Q. Operation process chart is also called as…………………………..

Q. Moving of materials from the store room to the machine and from one machine to the next machine during the process of manufacture is called…………………

Q. Dispatch provides official authorization for

Q. Which of the following is not an objective of operation management?

Q. ………………..is a group of workers from the same area who usually meet to discuss their problems, investigate, recommend solutions and to corrective actions

Q. Which of the following is not a key way in which business organizations compete with one another?