Professional Documents
Culture Documents
MGT613 Mid Term Past Paper 2
MGT613 Mid Term Past Paper 2
COM
Page 1 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
Page 2 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
Page 3 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
Page 4 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
Page 5 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
► Risk
► Bounded rationality
► Certainty
► Uncertainty
Which one of the following is an implication of LAPLACE approach of decision
making?
► The best of the worst possible payoff
► The best possible payoff
► The best average payoff
► The least of the worst regrets
Which one of the following is an outcome of MINIMAX regret?
► The best of the worst possible payoff
► The best possible payoff
► The best average payoff
► The least of the worst regret
Which one of the following is a limitation of a moving average having a trend?
► The forecast lags behind the actual
► The forecast represents demand more accurately
► The forecast will not be accurate
► The forecast will not be reliable
Which one of the following refers to the maximum output that a firm can produce
under ideal conditions?
Page 6 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
► Design capacity
► Effective capacity
► Capacity planning
► Utilization rate
Which one of the following is a characteristic of continuous process?
► High lead times
► Short process times
► The ability to handle high variety
► The ability to handle high volumes
Which of the following is an example of a business that uses assembly line process
structure?
► Automobile assembly
► Sugar refinery
► Heavy equipment
► French restaurants
Which of the following layout types is associated with a supermarket?
► Fixed position layout
► Process layout
► Product layout
► Cellular layout
Questions:
Page 7 of 8
For more papers, go to VUInsider.com
FOR MORE PAPERS, GO TO VUINSIDER.COM
Page 8 of 8
For more papers, go to VUInsider.com