Q. Time and motion studies focus on
✅ Correct Answer: (B)
The number of physical motion required to complete a work related task
Production Management MCQs and Notes
Q. Which of the following statements about the basic EOQ model is false?
✅ Correct Answer: (D)
If annual demand were to double , the EOQ would also double
Q. Which of the following statements about the basic EOQ model is true
✅ Correct Answer: (A)
If ordering cost were to double , the EOQ would rise
Q. In basic EOQ model if the cost of placing an order doubles and all other values remain constant the EOQ will
✅ Correct Answer: (A)
Increase by about 41%
Q. Most inventory models attempt to minimize
✅ Correct Answer: (C)
Total inventory based costs
Q. Ascertain type of computer costs 1000 and the annual holding cost is 25% . annual demand is 10000 units , and the order cost is 150 per order .what is the approximate economic order quantity?
✅ Correct Answer: (B)
110
Q. The two most basic inventory questions answered by the typical inventory model are
✅ Correct Answer: (C)
Timing and quantity of orders
Q. Which of the following statements about ABC analysis is false?
✅ Correct Answer: (D)
ABC analysis is based on the presumption that all item must be tightly controlled to produce important cost savings
Q. ABC analysis is based upon the principal that
✅ Correct Answer: (B)
These are very usually a few critical items zmd many items which are less critical
Q. All of the following statements about ABC analysis are true except
✅ Correct Answer: (D)
It states that all items require the same degree of control