Introduction

1. The component of the feasibility study that Includes a description of the

industry, current market, anticipated future market potential, competition,
sales projections, potential buyers, etc.

A. Market feasibility
B. Organizational feasibility
C. Financial feasibility
D. Technical feasibility

2. The type of feasibility that focuses on the degree to which the proposed
project fits the business environment and objectives with regard to
development schedule, delivery date, and existing business processes.

A. Technical feasibility
B. Economic feasibility
C. Operational feasibility
D. Market feasibility
 Decision Making
3. Decision Theory represents a general approach to decision making which is
suitable for a wide range of operations management decisions, including:

A. Capacity planning
B. Product and service design
C. Location planning
D. All the above

4. From causes of poor decisions:

A. The limitations on decision

B. Poor management and planning
C. Sub-optimization
D. A and C

5. The uncertainty type of decision environment, is the environment in which

A. relevant parameters have known values

B. certain future events have probable outcomes
C. it is impossible to assess the likelihood of various future events
D. None of the above

6. The risk type of decision environment, is the environment in which

A. relevant parameters have known values

B. certain future events have probable outcomes
C. it is impossible to assess the likelihood of various future events
D. None of the above
Maintenance Planning
7. The main types of resources for any company are:

A. Financial, Physical and Human only

B. Financial, Physical and Intellectual only
C. Financial, Physical, Human and Intellectual
D. Financial only

8. Land, equipment, machines and facilities are considered as:

A. Financial resources
B. Physical resources
C. Both physical and financial resources
D. Human resources

9. The abnormal behavior of a machine or device is

A. The machine is performing efficiently

B. The machine is turned off
C. Inefficiency in the performance before failure
D. The machine failed

10. The process which is concentrated towards long-term objectives of business

and is performed by the top-level management, to decide Where the
organization wants to reach in future:

A. Strategic Planning
B. Operational Planning
C. Maintenance Planning
D. Project Management

11. The process which is based on short-term objectives of the company and is
performed by the middle level management. It predetermines the day to day
activities of the business.
 A. Strategic Planning
B. Operational Planning
C. Maintenance Planning
D. Project Management

12. The most serious problem which is encountered in planning process is:

A. The cost of material

B. The business environment and people that are against changes
C. The market competitors
D. The unavailability of technology

13. For a marine diesel engine example, which of the following can be
considered as the first indication of a problem in the chain of events leading
to failure?

A. Excessive noise and vibration

B. Small oil spills
C. Black exhaust
D. Repeated sudden shutdowns

14. Engineers, technicians, workmen and employees are considered intellectual

resources

A. True
B. False

15. Management is considered both a science and an art

A. True
B. False

16. An open specification describes not only required performances, but also
tools, technologies or sub-assemblies that must be used in the design of a
product or assembly to meet the specification.
 A. True
B. False

17. A closed specification describes not only required performances, but also
tools, technologies or sub-assemblies that must be used in the design of a
product or assembly to meet the specification.

A. True
B. False

18. An open specification describes required performances without mandating

how those performances are to be achieved.

A. True
B. False

19. Feasibility study comes after business plan and is more detailed

A. True
B. False

20. Sub-optimization is the result of different departments each attempting to

reach a solution that is optimum for that department

A. True
B. False

21. Certainty environment is the environment in which relevant parameters have

known values.

A. True
B. False

22. Market Analysis and forecasting Section Analyze the industry and market
targeted, measure the size of the market and define a target market segment
A. True
B. False