MANAGEMENT SCIENCE BITS

                                                MS – BIT PAPER      

                                               

1.                               Which of the following refers to inputs in to the production process?                                   (         )1

a) Materials b) work in progress c) spare parts d) components

         2.    What refers to all the idle physical stocks which have economic value                                 (         )2

                a) Items in stores b) inventory c) materials in transit d) materials in process 

        3.  Selling is ------- oriented where as marketing is --------- oriented                                                 (         )3

          a) product, process b) consumer ,product c)product , consumer d)process, product

      4. Which of the following is not a factor affecting the choice of channel of distribution              (        )4

          a) Degree of competition b) nature of companies business

          c) Type of product sold      d) operating profit

     5. Which of the following is a benefit which the market achieve by employing intermediaries  (        )5

          a) Diseconomies of scale b) increased overall investment

          c) Transactional efficiency d) generalization

    6. What refers to the actual amount of goods and services produced                                                            (         )9

           a) Profitability b) production c) proficiency d) productivity

    7. In net work analysis the overall objective is                                                                                    (         )10

          a) To minimize overall time spent b) To maximize over all return on capital

            c)TO neutralize over all time spent d) To cover all activities at any cost

    8. What refers to the method in which the machinery is arranged within the given plant area(        )6

         a) Facilities location b) plant location c) resource location d) wealth location

     9. What is the effect of a good plant layout on the material handling costs                                   (        )7

          a) Maximizes  b)minimizes c)stable d)goes negative

    10. With lower input cost final goods and services can be provided at what rate                                        (         )8

          a) Higher price b) lower price c) medium price d) lowest price   

    11. CPM is                                                                                                                                                                (         )11

           a)optimistic b)probabilistic c)deterministic d)optimistic and probabilistic

    12. In PERT activity is represented by                                                                                                               (         )12

          a) Arrow b) circle c) line d) dotted arrow

    13. What are the cost that are determined per day                                                                           (          )13

           a) Direct cost b) differential cost c) direct cost d) indirect cost

     14. What does crash cost mean                                                                                                           (         )14

           a) Cost incurred due to crash b) cost incurred due to errors

           c) Cost incurred to reduce activity duration to minimum d) none

 15. Which of the following the relationship between time and cost of an activity                                       (        )15

       a) Cost slope =crash cost – normal cost/ normal time –crash time

       b) Cost slope= normal cost-crash cost /crash time –normal time

       c) Cost slope =normal time –crash cost/crash time – normal cost

       d) None 

 16. What refers to the process of planning under taking by the top management to achieve  (        )16

       Their organizational goals

a)       Strategy formulation b) corporate planning c) environmental scanning d)corporate planning

  17. From where do visionaries identify opportunities                                                                                     (         )17

         a) Strengths b) weaknesses c) threats d) opportunities

   18. Which of the following refers to the course of action desired to achieve they objective(           )18

          Of the enterprise

a)       Schedule b) strategy c) scanning d) evaluation

    19. What refers to the decision of selection of the strategy that will best meet the enterprise (        )19

        Objectives

strategic alliances b) strategic variations c) strategic choice d) pricing collaborations

    20. ERP is                                                                                                                                                                    (        )20

          a) Economic resource planning b) enterprise resource planning

           c) Emerging resource planning d) economic review periodical