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PPC Quiz

Qualitative methods are the most common type of forecasting method for long-term strategic planning. Forecast error is the difference between the forecast and actual demand. Trend, revised exponential smoothing, econometric models, and multiple regression are common simple forecasting methods, but achievement or smoothing is not.

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0% found this document useful (0 votes)
10 views12 pages

PPC Quiz

Qualitative methods are the most common type of forecasting method for long-term strategic planning. Forecast error is the difference between the forecast and actual demand. Trend, revised exponential smoothing, econometric models, and multiple regression are common simple forecasting methods, but achievement or smoothing is not.

Uploaded by

AJITH .D
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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common time

58 remem ___________ methods are Qualitative Regression Time series Quantitative A


bering the most common type of methods
forecasting method for the
long-term strategic
planning process
59 Evaluat __________ is the D
forecast
e difference between the MAD forecast mistake forecast error
forecast and actual accuracy
demand.
60 remem Which is not a simple Trend revised A
bering forecasting method among exponential
the following mentioned achievement or Econometric Multiple
below? smoothing models Linear regression regression

S. Blooms Question A B C D Ans


No Level
UNIT-3
1 remem Which of the following is Finished A
bering not an inventory? Machines Raw material Consumable tools products

2 remem The cost of insurance and C


bering taxes are included in Inventory carrying Cost of
Cost of ordering Set up cost cost shortages
3 remem The time period between A
placing an order its receipt Lead time Carrying time Shortage time Over time
bering
in stock is known as
4 remem The receipt of…is the first C
bering step in purchase procedure.
Material
Invoice requisition Purchase requisition none

5 remem C
bering
The Purchase… ................................................ is a contractual document which authorizes the
Supplier to supply the Note Requisition Order
material.
none

6 remem B
bering Purchase Order Goods
Forms the basis of Received Note Purchase Requisition
entries to the stores none
ledger.

7 remem A
bering
The stock level at
which the storekeeper Re-order level Danger level Maximum stock level
initiates purchase none
requisitions is
knownas………….
8 remem Is a buffer stock level or C
bering safety stock level under
Average stock Maximum stock Minimum stock level
which the
level level none
Stock should not be
allowed to fall.

9 remem B
bering
The average stock level
is… .......................................................................................
1565 1665 units1465
if the maximum stock level
noneis 2475
Units and the minimum
stock level are 855 units.

10 remem B
bering
The optimum level of Economic
Re-order level Maximum stock level
inventory is popularly Order Quantity none
referred to as the
………..

11 remem In the formula of Economic Ordering level Ordering Cost none B


Order Quantity, the alphabet Ordering & Carrying
bering
‘O’ stands for…………. Cost

12 remem Economic Order Quantity is Labour A


bering he tool for
controlling………… Inventory Expenses none

13 remem The following classes of Machining D


costs are usually involved Cost of ordering Carrying cost Cost of shortages
bering cost
in inven
14 remem The cost of insurance and C
taxes are included in Set up cost Inventory carrying
bering Cost of ordering Cost of
cost
shortages

15 remem ‘Buffer stock’ is the level of At which the C


Minimum stock level
bering stock Half of the ordering
below which actual
actual stock process should Maximum stock
stock should not fall
start in inventory

16 remem The minimum stock level is Reorder level – Reorder level + (Reorder level + (Reorder level + A
bering calculated as (Normal (Normal Normal consumption) Normal
consumption x consumption x x Normal delivery consumption) /
Normal Normal time Normal
delivery time) delivery time) delivery time

17 remem The time period between Carrying time Over time A


Lead time Shortage time
bering placing an order its receipt
in stock is known as

18 remem The Economic Order (2D*d/h)^1/3 Root of 2AO / COST + Profit = none of the B
bering Quantity (EOQ) is C Sales above
calculated as

19 remem The order cost per order of 400 440 480 500 A
bering an inventory is Rs. 400 with
an annual carrying cost of
Rs. 10 per unit. The
Economic Order Quantity
(EOQ) for an annual
demand of 2000 units is
20 remem Proper classification and Record keeping Storage Selling none B
bering codification of various items
in stores is essential for
efficient…………….. .
21 Apply is he grouping of material Classification Codification Centralization none A
according to its nature.

22 Analys is the procedure for Classification Codification Centralization none B


e assigning symbols to the
material.

23 underst Alphabetical Numerical Alpha-Numerical none C


The……method of
anding
codification is generally
based on the mnemonic
system.
24 Apply is the organisational head of Purchase A
the stores department Manager

Storekeeper Stores clerk none

25 remem The receipt of…is the first C


bering step in purchase procedure. Material
Invoice requisition Purchase requisition none

26 Apply Is a buffer stock level or C


safety stock level under
Average stock Maximum stock Minimum stock level
which the
level level none
Stock should not be
allowed to fall.

27 remem Economic Order Quantity is Labour A


bering he tool for
controlling………… Inventory Expenses none

28 remem The time period between Carrying time Over time A


Lead time Shortage time
bering placing an order its receipt
in stock is known as

29 Evaluat is the procedure for Classification Codification Centralization none B


e assigning symbols to the
material.

30 remem The cost of insurance and C


taxes are included in Set up cost Inventory carrying
bering Cost of ordering Cost of
cost
shortages
UNIT-4

SNO Blooms Question A B C D Ans


Level
1 Analysis Which of the a. Material b. Machine c. Motion d. Method C
following is not a
part of Five M’s?
2 Analysis Which of the a. It is flow ofb. Route sheets c. It depends upond. All of the D
following is true work in the include list of material above
for ‘Routing’? plant machine tools handling
that are to be facilities
followed
3 Analysis The correct a. Routing- b. Scheduling- c. Dispatching- Routing- A
sequence of Scheduling- Routing- Routing- Scheduling-
operations in Dispatching Dispatching- Scheduling- Follow up-
production -Follow up Follow up Follow up Dispatching
planning and
control is
4 Analysis Which of the Route sheets D
following is true It is flow of include list of a. It depends uponb. All of the
for ‘Routing’? work in the machine tools material above
plant that are to be handling
followed facilities

5 Analysis Loading may be a. Sending the Sending the b. Assign the workc. Uploading a C
defined as raw material finished to the facilities software in
to the material to the machine
machine store control panel
6 Analysis Dispatching i. Release of Release of Issue of c. All of the D
authorizes the start material and material from drawings above
of production components process to instruction
operations by from stores process sheets
to first
process

7 Analysis Which of the a. Man b. The load chart c. The progress d. Curve chart B
following chart is machine chart
drawn Machine vs chart
time?
8 Analysis Gantt chart is a. Routing b. Scheduling c. Follow up Inspection B
mostly used for
9 Analysis Key to chart is a. Man b. The load chart d. The progress e. Gantt chart D
provided in machine c. chart
chart
10 Analysis Centralized and d. Routing Dispatching e. Follow up Inspection B
decentralized are
the types of
11 Analysis The process of Dispatching Routing Expediting Estimating B
dealing with
production orders
to initiate
operations under
the Production
Planning and
Control starts with
________.
12 Analysis ______ is the Consumer’s Producer’s risk Both a and b are Both a and b A
probability of risk incorrect are correct
rejecting a lot that
has an acceptable
quality level.
13 Analysis Which of the The item The product The master The planned D
following is not an master file structure file production order report
input in the schedule
Material
Requirement
Planning process?
14 Analysis __________ is the Reliability Durability Serviceability Performance A
probability of a
product operating
efficiently within
an estimated time
frame.
15 Analysis The purpose of Multi- Single product Single product Assembly D
preparing a master product batch continuous product
schedule is to batch production production continuous
oversee _____ production production

16 Analysis Which of the e. It is flow off. Route sheets g. It depends uponh. All of the D
following is true work in the include list of material above
for ‘Routing’? plant machine tools handling
that are to be facilities
followed
17 Analysis Which of the e. Man f. The load chart g. The progress h. Curve chart B
following chart is machine chart
drawn Machine vs chart
time?
18 Analysis The process of Dispatching Routing Expediting Estimating B
dealing with
production orders
to initiate
operations under
the Production
Planning and
Control starts with
19 Analysis ______ is the Consumer’s Producer’s risk Both a and b are Both a and b A
probability of risk incorrect are correct
rejecting a lot that
has an acceptable
quality level.
20 Analysis Dispatching ii. Release of Release of Issue of d. All of the D
authorizes the start material and material from drawings above
of production components process to instruction
operations by from stores process sheets
to first
process
UNIT-5

S Blooms Question A B C D An
N Level s
O
1 understandin Normative Knowledgee. Application f. Description g. Theoretical D
g theory of
production
is ____-
based.
2 understandin The i. Schedulingj. Dispatchingk. Planning Routing C
g technique of
making a
series of
processes or
activities,
which are
required for
the
production
process, in
production
planning is
known as
____.
3 understandin How many d. 1 e. 2 f. 3 4 C
g levels of
production
planning are
there?
4 understandin Which level B
g of
production
planning is
concerned
with the Factory Process e. Development Operations
transformati
on of inputs
into some
desired
products?
5 understandin ____is the d. Bill of Bill of cost e. Production f. Cost list A
g list of all the materials list
materials
required to
produce the
finished
goods.
6 understandin How many 12 3 4 C
g methods of
lot sizing are
there?
7 understandin A/An ____ Production Fabrication Process i. Assembly D
g line can be
defined as
the line with
various
operations
in line.
8 understandin Which f. Toyota Benz Ferrari Ford D
g company
started the
assembly
line method
for the
production
of its
popular
Model T?
9 understandin Which f. Largest g. Helgeson Kilbridge and Smallest B
g method of Candidate and Birnie Western Candidate
line Rule method method Rule
balancing is
also known
as Ranked
Positional
Weight
(RPW)?
10 understandin . In which g. Smallest Helgeson Kilbridge and Largest C
g line Candidate and Birnie Western Candidate
balancing Rule method method Rule
method are
the elements
allocated
with regard
to their
position?
11 understandin Which graph Line of Sight of Line of Sight Line of A
g technique is Balance Balance Batch
used to
schedule
and control
batch
production
when there
are different
points of
deliveries?
12 understandin What type of Low Mix High Mix Low Mix and High Mix D
g products and High and High Low Volume and Low
does a job Volume Volume Volume
shop unit
produce?
13 understandin What is Assembly Fabrication Shop loading Resource C
g assigning of loading loading loading
different
jobs to
different
facilities
known as?
14 understandin ____ refers Lock action Control Emergency Process B
g to the action action action
revision of a
production
schedule.
15 understandin The N jobs n/2 n/3 n/1 n C
g one machine
situation is
also known
as:
16 understandin How many l. 1 m. 2 n. 3 4 C
g basic
elements of
cost are
there?
17 understandin Which type Actual cost Direct cost Indirect cost j. Sunk cost D
g of cost is
also known
as non-
avoidable
cost?
18 understandin Which type Actual cost Direct cost Indirect cost k. Sunk cost C
g of cost is
also known
as non-
traceable
cost?
19 understandin JIT system Budgeting Benchmarki Target Standard C
g is similar to ng costing costing
__
20 understandin How many iii. 1 2 3 4 D
g types of
standards
are applied
to the cost
centres?
21 Remembering Which of the Scheduling Dispatching Expediting Routing A
following
functions of
Production
Planning and
Control is
related to the
timetable of
activities?
22 Remembering The correct C
sequence of
. Routing Scheduling Routing – Dispatchin
operations in
– Scheduling – – Follow up – Scheduling – g – Routing –
the Production
Follow up – Dispatching – Dispatching – Scheduling –
Planning and
Dispatching Routing Follow up Follow up
Control
process is

23 Remembering Production Planning Production Promotion None of the B


Planning and above
Control
function is
crucial for
ensuring cost
savings and
efficiency in
___________.
24 Remembering The control Before After execution During execution None of the B
activity in execution above
Production
Planning and
Control is
performed
________ of
the plan.
25 Remembering _______ Production Production Production audit None of the A
involves planning control above
anticipating
bottlenecks in
advance and
identifying
steps that will
ensure a
smooth flow of
production.
26 Remembering Regulating the Production Production Production audit None of the B
production planning control above
process to
ensure an
orderly flow of
materials is
the objective
of _________.
27 Remembering When the size Get more Get more Stay the same None of the D
of an decentralized centralized above
organization
increases, the
functions
under
production
control should
___________.
28 Remembering Production Inventory Quality Supply All of the D
planning is management management management above
essential for
________

29 Remembering ________ is Loading Sequencing Routing Scheduling B


responsible
for the order
of processing
each activity
under
Production
Planning and
Control

30 Remembering ________ is Loading Sequencing Routing Scheduling D


concerned
with the time
required to
perform each
activity under
the Production
Planning and
Control
process.
31 Remembering Procurement Inspecting the Receiving raw Inspection of raw All of the D
cycle time purchased materials materials above
calculates the components
total duration
for ________.
32 Remembering Material Finished Raw materials Work in progress All of the D
Requirement goods above
Planning
(MRP) is a
computerised
system to plan
the
requirements
for _________.
33 Remembering The functions Schedule Looking at Determine the All of the D
of Material materials for present orders timing of material above
Requirement future to determine requirements,
Planning production quantities of calculate
include material purchase orders
______. required based on stock
levels and place
purchase orders
automatically
34 Remembering Material Discrete Dependent Erratic orders Independent D
Requirement demand items demand items demand items
Planning is
useful for all
except
________.
35 Remembering Which of the Equipment is Equipment is Equipment is Equipment is A
following general specialized and general purpose specialized
describes a purpose and workers are and workers are and workers
process workers are unskilled highly Unskilled are HIGHLY
layout? highly skilled unskilled

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