Operations Management

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Government Postgraduate College (Boys), Gujranwala

BS 4 Year Program – 8th Semester


Mid Term Exam
Paper: Production & Operations Management Time allowed: 2hour 30 mins
Code: COMM-411 Max. Marks: 60

Q No. 1: Encircle the correct answer option? (1 x 10 = 10 Marks)

i. Multiple plant strategies include all of the following except:


(a) Product plan (b) Process plant
(c) Market area plant (d) Core plant
ii. The first step in location planning and analysis is:
(a) Develop a reasonable set of (b) Determine the criteria upon which the
alternatives. decision will be made.
(c) Identify factors that are important. (d) None of above
iii. Which statement about location decisions is not true?
(a) Mistakes can be difficult to overcome (b) The goal is to find optimal location
(c) Both fixed and variable costs can be (d) Decisions are often long term
affected
iv.

(a) 8,000 (b) 10,000


(c) 20,000 (d) 40,000
v. The function that is part of every business organization that produces products and/or delivers services is
the:
(a) Marketing function (b) Production function
(c) Operations function (d) Supply Chain
vi. The fact that improvements in a few key factors will have a major impact on operations is associated
with this name:
(a) Ford (b) Smith
(c) Taylor (d) Pareto
vii. The key to mass production was:
(a) Automation (b) Interchangeable parts
(c) Low skilled workers (d) High demand of products
viii. Which of the following is correct?
(a) Management is part of (b) Administration is part of
administration management
(c) Both (a) and (b) (d) None of above
ix. Long term sources of capital are all except:
(a) Ordinary shares (b) Preference shares
(c) Debentures (d) Bank overdraft
x. The difference between cost of inputs and the price of outputs is:
(a) Wastage (b) Value addition
(c) Loss (d) Profit
SHORT QUESTIONS
(10 x 2 = 20 Marks)
Q 2: Give short answers.
i. Differentiate between tactical and strategic decision
ii. Define personal judgement with an example
iii. Define scientific management
iv. Differential administration and management
v. Define value addition
vi. Define feasibility study?
vii. Define the term supply chain
viii. Define the term process selection
ix. Define the LEAN system?
x. What are the two reasons for location decision?

LONG QUESTIONS
(10 x 3 = 30 Marks)

Q 3: Briefly explain the factors to be considered for location decision?

Q 4: Briefly explain the contents of business feasibility report?

Q 5: Define the term business and briefly explain business as commerce, business as occupation and business as
organisation?

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