This set of Production Planning and Control Multiple Choice Questions & Answers (MCQs) focuses on “Balancing Resources in Sales and Operations Planning”.
1. In business, there are several types of business organization, what are these?
a) Private
b) Public and voluntary
c) Voluntary and private
d) Public, private and voluntary
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Explanation: Public business organization is an organization which is wholly or partially owned by the state and controlled through a public authority. Private business organizations are owned by non-governmental organizations and voluntary organizations is the one in which work is done regular volunteers and it is self governance through a board of unpaid trustees.
2. Strategic decision making can take place at various level of an organization, what are the three most common?
a) Operational, board and industrially
b) Governmental, locally and individually
c) Corporate, business and functional
d) Board of directors, chief executive and junior management
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Explanation: Strategic decision making takes place at three levels which are corporate which deals with decisions related to various business areas in which the firm operates and competes, business in which strategy is formulated to convert the corporate vision into reality and functional in which strategy is formulated to realize the business unit level goals.
3. Which factor is not part of the elite view of creativity?
a) Having a rare talent
b) Being teachable
c) A solitary process
d) Always being inspired
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Explanation: Elite view of creativity includes having a rare talent which makes different from others, a solitary process and always being inspired but it does not include being teachable.
4. Which of the following is not an automatically unfair reason for dismissing an employee?
a) Integration test
b) Mutuality of obligation test
c) Agency test
d) Control test
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Explanation: Agency test is unfair reason to dismiss an employee as it violates one of the rights for an employee. In most cases reason for dismissal is considered to be automatically unfair.
5. Which of the following is not a major component of research design?
a) Report writing
b) Sampling method
c) Data analysis
d) Survey method
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Explanation: Research design is based on factors like sampling method, data analysis and survey method. Report writing is the result of research design.
6. Which of the following best describes the value created by an organization when it tries to keep its existing customers?
a) Price value
b) Relationship value
c) Emotional value
d) Performance value
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Explanation: When an existing customer is still connected with the organization based on the quality of the product or service then the relation between them is called relationship value.
7. When segmenting a market the company is aiming for _____
a) Segment heterogeneity and member homogeneity
b) Segment homogeneity and member heterogeneity
c) Segment homogeneity and member homogeneity
d) Segment heterogeneity and member heterogeneity
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Explanation: Segment heterogeneity means making the contents diverse while doing segmenting and member homogeneity means all the members should be treated equally.
8. Which of the following statements describes the identification and choosing a group of customers for a product?
a) Positioning
b) Segmentation
c) Targeting
d) Differentiation
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Explanation: Targeting is used to choose a particular customer or a group of customers which have shown interest in a particular product, as it increase the chances of sales.
9. Which of the following methods of setting budget sees marketing as an investment?
a) Competitor matching
b) Percentage of sales
c) Affordability
d) Objective and task
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Explanation: The objective should be fixed and clear while setting budget and task should be completed on time so as to get the maximum efficiency and profit.
10. Which of the following best describes the strategy of pricing a product low to gain an early market share?
a) Skimming
b) Customer related pricing
c) Penetration pricing
d) Cost focus pricing
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Explanation: Penetration pricing is done to keep the price of the product to the minimum so that it gains popularity in very less time and also people switch to the other product due to low price.
11. Which of these is not a work life balance practice?
a) Condensed working hours
b) Home working
c) Part-time working
d) Overtime
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Explanation: Overtime is not a work life balance as it changes the main schedule of the person and it can affect the person in many ways like health related problems.
12. Typically, production line layout is suitable for _____
a) Low variety high volume manufacturing
b) Big variety low volume manufacturing
c) Big variety high volume manufacturing
d) Low variety low volume manufacturing
View Answer
Explanation: When it comes to production the less the variety the more will be the production. It is because the time takes to change the design or codes on the machines can be utilized in the production of single variety of product.
Sanfoundry Global Education & Learning Series – Production Planning and Control.
To practice all areas of Production Planning and Control, here is complete set of Multiple Choice Questions and Answers.
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