SAIL MT ADMIN MATERIALS MCQS SET-1

Formally reporting their environmental performance is good for companies for a number of reasons. Which of the following is not a good reason for environmental reporting?

1.    It gives them some really good publicity
2.    It can attract talented staff
3.    It makes the company more attractive to customers and investors
4.    It reduces the chances of damaging the environment and helps to build process knowledge

Tacit knowledge is knowledge that:

1.    Includes skill, intuition and experience
2.    Can be written down
3.    Can be explained verbally
4.    Can be codified

Making tacit knowledge explicit can be done by:

1.    Formally combining the results of analysis
2.    Articulating experience into rules
3.    Learning from experience
4.    Refining knowledge through using it

In knowledge management terms, information is:

1.    Interpreted through a process using judgement
2.    Data which has been analysed in terms of its context
3.    Interpreted through a process using values
4.    Objective facts independent of any context

Which country has the largest ecological footprint?

1.    USA
2.    Netherlands
3.    China
4.    India

The objectives of inventory management are: 

1. To provide the required level of customer service
2. To reduce the sum of all costs involved
3. Both of the above
4. Neither of the above

Two white shirts in the same inventory but of different sizes or styles would be ______ SKU(s).

1. one
2. two
3. four
4. eight

A lot or batch is:

1. A quantity produced together
2. A quantity sharing the same production costs
3. A quantity sharing the same production specifications
4. All of the above

_________ rules specify the number of units to be ordered each time an order is placed for an individual item or SKU.

1. Fixed-order quantity
2. Lot-for-lot
3. Stock-keeping unit
4. Trial-and-error

An assumption of EOQ is:

1. Demand is variable.
2. Demand is unknown.
3. An item is produced continuously.
4. An item is purchased in lots or batches.

In the EOQ formula, the variable A represents:

1. Annual usage in units
2. Ordering cost in dollars per order
3. Annual carrying cost expressed as a percentage
4. Unit cost in dollars

In the EOQ formula, the variable Q represents:

1. Annual usage in units
2. Ordering quantity in units
3. Ordering cost in dollars per order
4. Unit cost in dollars

The EOQ can be calculated in:

1. Monetary units
2. Physical units
3. Both monetary and physical units
4. Neither monetary nor physical units

The period-order quantity lot-size rule is based on the same theory as the economic order quantity. It uses the EOQ formula to calculate an economic time between orders by:

1. Multiplying the EOQ by the demand rate
2. Dividing the EOQ by the demand rate
3. Summing the EOQ and the demand rate
4. Subtracting the EOQ from the demand rate

Sometimes order size is constrained by package size. For example, a supplier may ship only in skid load lots. In these cases the unit used should be the minimum package size. This represents the consideration of:

1. Lumpy demand
2. Anticipation inventory
3. Minimum order
4. Multiples