Q. Which of the following would not generally be a motive for a firm to hold inventories?
✅ Correct Answer: (D)
To minimize holding costs
Production Management MCQs and Notes
Q. Which of the following is not a function of purchasing management
✅ Correct Answer: (D)
None of these
Q. Customers perceptions are important in
✅ Correct Answer: (C)
Product specification
Q. The activities and process used in making both tangible and intangible products is known as
✅ Correct Answer: (B)
Production
Q. A planning systems that schedules the precise quantity of materials needed to make a product is called
✅ Correct Answer: (C)
Materials requirements planning
Q. Which of the following is the sequence of operations through which product must pass
✅ Correct Answer: (D)
Routing
Q. Procurement is another name for
✅ Correct Answer: (A)
Consumption
Q. Unique products are generally produced through
✅ Correct Answer: (A)
Customization
Q. Making identical , interchangeable components or complete products is referred to as
✅ Correct Answer: (B)
Standardization
Q. The degree to which a good or service meets demands and requirements of customers called
✅ Correct Answer: (B)
Customer satisfaction