Mgt613 Final Term Current Paper (Feb 2011)

FINALTERM EXAMINATION 
Fall 2011
MGT613- Production / Operations Management

Question No: 1 ( Marks: 1 ) - Please choose one 
Which one of the following is a measure of productivity that involves measuring inputs and outputs using a common unit of measurement? 
► Multifactor 
► Partial 
► Single 
► Total 

Question No: 2 ( Marks: 1 ) - Please choose one 
Which of the following is NOT usually considered a general characteristic of a service? 
► Production and sales cannot easily be separated functionally 
► Many services involve both tangible and intangible outputs 
► Production and consumption can always be separated 
► Degree of customer contact is high 

Question No: 3 ( Marks: 1 ) - Please choose one 
Which of the following statements corresponds to an order-winning characteristic? 
► A factor which may be significant in other parts of the organization 
► A factor which gives an organization a competitive edge 
► A factor which serves as a minimum standard for purchase 
► A factor which increases the profitability of the organization 

Question No: 4 ( Marks: 1 ) - Please choose one 
Which one of the following correctly explains the elements of a good forecast? 
► Timely, having a purpose, accurate, written, reliable, meaningful 
► Timely, accurate, judgmental, correctness, verbal, simple to use 
► Timely, accurate, reliable, meaningful, written, simple to use 
► Timely, accurate, reliable, consistent, meaningful, written, simple to use 

Question No: 5 ( Marks: 1 ) - Please choose one 
Which one of the following factors provides a basis for comparing alternative forecasting techniques? 
► Time dimension 
► Reliability factor 
► Degree of accuracy 
► Measuring units 

Question No: 6 ( Marks: 1 ) - Please choose one 
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 

Question No: 7 ( Marks: 1 ) - Please choose one 
Which one of the following is NOT a step of decision making process? 

► Develop alternatives 
► Monitor results 
► Consider risk averseness strategies 
► Specify criteria for decision 

Question No: 8 ( Marks: 1 ) - Please choose one 
Effective capacity is influenced by all of the following factors EXCEPT: 


► Facilities 
► Product mix 
► Processes 
► Operations 

Question No: 9 ( Marks: 1 ) - Please choose one 
Which one of the following defines the range of the smoothing constant (Alpha)? 
► 2 and -2 
► 1 and -1 
► 0 and -1 
► 0 and 1 (not sure) 

Question No: 10 ( Marks: 1 ) - Please choose one 
In exponential smoothing model, α denotes: 


► Smoothing constant 
► Actual forecast 
► Forecast error 
► Previous forecast 

Question No: 11 ( Marks: 1 ) - Please choose one 
Which one of the following refers to using some of the components of old products in the manufacturing of new products? 

► Manufacturability 
► Remanufacturing 
► Robust design 
► Automation 

Question No: 12 ( Marks: 1 ) - Please choose one 
Which one of the following refers to a team having representatives from different functional areas of the organization? 
► Traditional work ***** 
► Self-directed team 
► Cross-functional team (no ref, my opinion) 
► Self motivated team 

Question No: 13 ( Marks: 1 ) - Please choose one 
Who introduced the use of statistical control charts to Japanese manufacturers? 
► Edwards Deming 
► Joseph Juran 
► Kaoru Ishikawa 
► Philip Crosby 
The originally concept is of Walter Shewhart but was promoted to Japanese manufacturers by the Edward Deming 

Question No: 14 ( Marks: 1 ) - Please choose one 
Mr. Ali purchased a TV set. After a period of a year, the picture quality started deteriorating. He went to the company and complained and the company responded subsequently. Which of the following dimensions of quality would come into play? 
► Reliability 
► Conformance 
► Serviceability 
► Aesthetics 

Question No: 15 ( Marks: 1 ) - Please choose one 
Who proposed the concept of "total quality control" in the mid 1950s? 
► Armand Feigenbaum 
► G.S Radford 
► W. Shewhart 
► David Gravin 

Question No: 16 ( Marks: 1 ) - Please choose one 
Which of the following is a pair of service quality dimensions? 
► Reliability and Responsiveness 
► Uniqueness and Universality 
► Specification and Security 
► Reliability and Reputation 

Question No: 17 ( Marks: 1 ) - Please choose one 
Which of the following best describes the ISO? 
► International Organization for Statements 
► International Operations for Statements 
► International Organization for Standardization 
► International Operations for Statements 

Question No: 18 ( Marks: 1 ) - Please choose one 
Which of the following stage of Deming's wheel involves evaluating the improvement plan? 
► Plan 
► Do 
► Check 
► Act 

Question No: 19 ( Marks: 1 ) - Please choose one 
What would be the total cost of inventory, if a firm holds 1000 units of a product 'A', where the carrying cost is Rs. 5 per unit? 
► Rs. 995 
► Rs. 5000 
► Rs. 1050 
► Rs. 200 

Question No: 20 ( Marks: 1 ) - Please choose one 
The optimal order quantity shows a trade-off between which one of the following sets of costs? 
► Carrying costs and shortage costs 
► Carrying costs and ordering costs 
► Carrying costs and stockout costs 
► Carrying costs and setup costs 

Question No: 21 ( Marks: 1 ) - Please choose one 
Which one of the following mathematical expressions can be employed to compute annual carrying cost? 
► (Q-2)H 
► (Q+2)H 
► (Q÷2)H 
► (Q×2)/H 

Question No: 22 ( Marks: 1 ) - Please choose one 
Which of the following is used to store information about the status of each item with respect to time period? 
► Master schedule 
► Bill of materials file 
► Inventory records file 
► Rough – cut capacity plan 

Question No: 23 ( Marks: 1 ) - Please choose one 
Which of the following compares the known and estimated future capacity requirements? 
► Capacity reports 
► Operations reports 
► Load reports 
► Inventory records 

Question No: 24 ( Marks: 1 ) - Please choose one 
Which of the following is the first step of Capacity planning? 

► Initial feasibility report is prepared 
► Master schedule is tested for feasibility 
► Adjustments are made in master schedule before it finalizes 
► Material requirements are ascertained 

Question No: 25 ( Marks: 1 ) - Please choose one 
Which of the following are the priorities emphasized most often in JIT system? 
► High quality and minimal wastage 
► Low cost and consistent quality 
► Low inventory and consistent material supply 
► Low cost and low inventory 
(Organizations should develop a demand base system so less waste is generated and good management of high quality, small lot sizes, good quality, standardized components and work methods is ensured.) (page no. 165) 

Question No: 26 ( Marks: 1 ) - Please choose one 
Just Just in Time system maintains inventory with which of the following lot size/sizes? 
► Small 
► Medium 
► Large 
► Can be small and medium both 

Question No: 27 ( Marks: 1 ) - Please choose one 
Which of the following statements is TRUE about a Gantt chart? 
► It represents an important event in the completion of a project 
► It relates interdependent activities to their completion time 
► It arranges events in order of importance 
► It is used to schedule independent activities 

Question No: 28 ( Marks: 1 ) - Please choose one 
Network activities are used to determine all of the following EXCEPT: 
► Critical path 
► Budgeted cost 
► Slack time 
► Expected project duration 

Question No: 29 ( Marks: 1 ) - Please choose one 
With reference to Network activities, what does the term 'EF' stand for? 
► Equal Finish 
► Economic Finish 
► Early Finish 
► Easy Finish 

Question No: 30 ( Marks: 1 ) - Please choose one 
Which one of the following is NOT an element of a queuing system? 
► Population source 
► Waiting line 
► Order processing 
► Logistics 

Question No: 31 ( Marks: 1 ) - Please choose one 
Which one of the following refers to translating the voice of the customer into technical design requirements? 
► Concurrent design 
► Design for manufacture 
► Robust design 
► Quality function deployment 

Question No: 32 ( Marks: 1 ) - Please choose one 
Which one of the following is the goal of work sampling? 


► Studying Individual human motions that are used in a job task 
► Determining the length of time it will take to undertake a particular task
► Determining the amount of time a worker spends on various activities
► Specifying the content and methods to perform a job 

Question No: 33 ( Marks: 1 ) - Please choose one 
Training program and quality audits come under which type of costs that an organization has to bear as cost of service quality? 
► Internal failure cost 
► Recovery cost 
► Prevention cost 
► Detection cost 

Question No: 34 ( Marks: 1 ) - Please choose one 
Which one of the following is the most important criteria in selecting winners for a quality award? 
► Strong motivation 
► Quality management practices 
► Employee empowerment 
► Business performance results 

Question No: 35 ( Marks: 1 ) - Please choose one 
Which of the following is NOT a disadvantage of excessive overtime? 
► Decline quality of work 
► Work schedules become well-defined 
► 150 percent expensive of the regular time-pay rate 
► Low Productivity 

Question No: 36 ( Marks: 1 ) - Please choose one 
A company mostly involved in transportation and shipping costs than construction and land costs is probably part of which of the following industries? 
► Heavy manufacturing 
► Retail and service 
► Warehouse and distribution 
► Light industry 

Question No: 37 ( Marks: 1 ) - Please choose one 
A company is operating under a continuous review system. It has an average demand of 50 units per week for the item it produces. The lead time for the item is 6 weeks, and it costs the company $30 to process each order. The holding cost for each unit is $10 per year. The company operates 52 weeks per year. What is the economic order quantity (EOQ) for this item? 
► Greater than 175 units but less than or equal to 200 units 
► Less than 175 units 
► Greater than 200 units but less than or equal to 230 units 
► Greater than 230 units 

Annual Holding Cost 
EOQ sqr root of 2DS 
H 
= 2(Annual Demand)(Order or Setup Cost) 
Annual Holding Cost 
Sqr root of = 2(50)(30) 
10 
Question No: 38 ( Marks: 1 ) - Please choose one 
Perpetual system of inventory management is also known as which of the following? 
► First-in-first-out 
► Probability model 
► Fixed-order quantity 
► Periodic review 

Question No: 39 ( Marks: 1 ) - Please choose one 
If a manager wants to see the effect of change in Master Production Schedule (MPS) on purchasing requirements for certain suppliers, which of the following system would help in this regard? 
► Material Resource Planning system (MRP) 
► Enterprise Resource Planning system (ERP) 
► Capacity Requirement Planning system (CRP) 
► Manufacturing Resource Planning system (MRPII) 

Question No: 40 ( Marks: 1 ) - Please choose one 
If alpha = 0, how many containers are needed with the given data? 
K = 1500 (0.8 + 0.2) (1 + 0) 
270 
► 6.5 Containers 
► 7 Containers 
► 6 Containers 
► 9 Containers 

Question No: 41 ( Marks: 1 ) - Please choose one 
Eliminating disruptions and excess inventory are _____________ in Just-In-Time production systems. 



► Tactical goals 
► Strategic goals 
► Secondary goals 
► Primary goals 

Question No: 42 ( Marks: 1 ) - Please choose one 
In supply chain management Electronic Data Interchange (EDI) and Bar coding is a characteristic of which of the following? 
► Logistics 
► Technology 
► Autonomation 
► Just-In-Time System 

Question No: 43 ( Marks: 1 ) - Please choose one 
In labor-limited environment, in which resource constraint is the amount of worker available, which of the following is the best option for effective scheduling in a manufacturing firm? 
► Hire more skilled labor for the job to be completed 
► Workers should be trained to work on a variety of machines 
► Assign labor to the next workstation irrespective of their skills 
► More machines should be installed for flexibility of operations 

Question No: 44 ( Marks: 1 ) - Please choose one 
Tasks are easily scheduled in which of the following production environments? 
► Intermediate-volume-systems 
► Low-to-medium volume production (Job shop) 
► Medium-to-high volume production (Flow shop) 
► Optimal production mixes 

Question No: 45 ( Marks: 1 ) - Please choose one 
Which of the following is the necessary qualification for a project manager? 


► PMP certification 
► PMD certification 
► FMA certification 
► CMP certification 

Question No: 46 ( Marks: 1 ) - Please choose one 
Queuing analysis aims to minimize which of the given costs? 
► Both customer waiting cost and service capacity cost 
► None of the given options 
► Customer waiting cost 
► Service capacity cost 

Question No: 47 ( Marks: 1 ) - Please choose one 
Which of the following is a cause of development of waiting lines? 
► Customer arrival rate varies through out the day 
► Time required to process a customer may vary 
► Some transactions are complicated and require above average process time 
► All of the given options 

Question No: 48 ( Marks: 1 ) - Please choose one 
During the period of high unemployment or when low-skilled labor is acceptable, which of the following strategy would be cost effective? 
► Chase demand strategy 
► Level capacity strategy 
► Proactive strategy 
► Mixed or hybrid strategies 

Question No: 49 ( Marks: 3 ) 
As an operations manager of a firm what significant issues you have to consider while implementing supply chain management? 

Elements of Supply Chain Management (page no, 174) 

Question No: 50 ( Marks: 3 ) 
How would you reveal the importance of maintaining good relationship with suppliers in a JIT system? 

Increased emphasis on supplier relationships: A company without inventory does not want a supply system problem that creates a part shortage. This makes supplier relationships extremely important. 
Supplies come in at regular intervals throughout the production day. Supply is synchronized with production demand and the optimal amount of inventory is on hand at any time. When parts move directly from the truck to the point of assembly, the need for storage facilities is reduced. 


Question No: 51 ( Marks: 5 ) 
As operations manager of a manufacturing firm, how can you judge the effectiveness of inventory management? 
An Inventory Management System would be called Effective if it is able to fulfill the following requirements. 
1. A system to keep track of inventory. 
2. A reliable forecast of demand. 
3. Knowledge of lead times. 
4. Reasonable estimates of: 
a. Holding costs 
b. Ordering costs 
c. Shortage costs 
5. A classification system. 


Question No: 52 ( Marks: 5 ) 
What is bullwhip effect? What are its consequences? 

Bullwhip effect represents the real life time situation that Inventories are progressively larger moving backward through the supply chain. 

Consequences: 
In addition to greater safety stocks, the described effect can lead to either inefficient production or excessive inventory as the producer needs to fulfill the demand of its predecessor in the supply chain. This also leads to a low utilization of the distribution channel. In spite of having safety stocks there is still the hazard of stock-outs which result in poor customer service. Furthermore, the Bullwhip effect leads to a row of financial costs. Next to the (financially) hard measurable consequences of poor customer services and the damage of public image and loyalty an organization has to cope with the ramifications of failed fulfillment which can lead to contract penalties. Moreover the hiring and dismissals of employees to manage the demand variability induce further costs due to training and possible pay-off

Fin623 Final Term Current Paper (Feb 2011)

Paper was average mean not much easy and not much tough....

Times allow is 89 Mint
Total Question was 69
MCQ 62
Long Quiz 4 ( 5 Marks)
Long Quiz 3 (3 Marks)

Bcoz 60% mcq was in these papers….and 10% from tax table in which asking what tax rate will be apply on this income???

And 2 long Question mujy yaad hain....

1) What is pension and tax treatment of this?

2 ) And what is zero rated supply explain it….

for more SOLVED http://vusolutionspapers.blogspot.com/2011/01/vusolutions-gurus.html

ECO401 Final Term Current Paper (Feb 2011)

TODAY IS MY ECO401 WHICH IS VERY DIFFICULT FOR ME - THERE IS FEWS ARE OLD AND REMAINING ALL MCQ WAS NEW :'(

PLEASE PREPARE LECTURE - MARGINAL UTILITY MANY MCQ FROM THESE CHAPTERS
GDP 

SUBJECTIVE 

PHILIPS THEORY - 5
CENTRAL BANK BALANCE SHEET COMPONENTS - 5
MEAN N MEDAIN - 5 

MPC

CS401 Final Term Current Paper (Feb 2011)

Today;s paper of Assembly Language

Paper was from the following topics that i was able to store in my memory

Stacks

Display Mode

Interrupts

Parallel Port

INT 0

Secondary Storage Services

Serial Port Architecture

mean while there was 5 number question about SUN SPARC Machines and 3 number question about INT 3 debugger program

PRAY FOR ALL

CS301 Final Term Current Paper (Feb 2011)

Today cs301 current paper short questions

Short Question :linear probing qud probing union by weight union by size quick sort merge sort and collision

Eng301 Assignment No. 4 solution

Model Business Reports
A Model Report
October 10, 2003
The General Manager,
Fit Garment Industries,
Multan Road Lahore.

Dear Sir,

Subject: Report on the strike of the workers in the factory.
Following your instructions, I have probed into the matter regarding the strike of all the workers in
the factory. Here are my findings.

On Monday morning, in the production unit 2, two workers started a fight on a money matter.
Ahmad had lent some money to Kareem, who made several promises but did not return a single penny.

On Monday morning Ahmad demanded an immediate return of his amount but instead of an apologetic
behaviour Kareem abused Ahmad. Hot remarks were exchanged. Kareem picked up a hammer and hit it
hard on Ahmad's head. It started bleeding.

He was rushed to the hospital by the workers. Members of the labour union reached and all the
workers took out a procession. The President of the union gave a call for strike. They raised slogans against
the culprit. While addressing the mob, union leaders demanded a prompt termination of the culprit. They
wanted to continue the strike till the acceptance of their demand.

However, on the assurance of the Production Manager, they agreed to call off their strike.
Everything was done amicably.
On Monday morning Ahmad demanded an immediate return of his amount but instead of an apologetic
behaviour Kareem abused Ahmad. Hot remarks were exchanged. Kareem picked up a hammer and hit it
hard on Ahmad's head. It started bleeding.

He was rushed to the hospital by the workers. Members of the labour union reached and all the
workers took out a procession. The President of the union gave a call for strike. They raised slogans against
the culprit. While addressing the mob, union leaders demanded a prompt termination of the culprit. They
wanted to continue the strike till the acceptance of their demand.
However, on the assurance of the Production Manager, they agreed to call off their strike. Everything was
done amicably.
Sir,
You have asked for my suggestions, so I recommend Mr. Kareem's termination. I do feel that a
case of fraud and assault should be registered in the police station. Mr. Ahmad should be treated at the
expenses of the company and should be granted paid leave for one month.
Yours truly,

______

Regional Manager

................

Q2. Choose the appropriate answer from the given options.
(6)
1. Surveys of employers consistently show that ________ are
the top most expected competencies like team work, critical
thinking, and analytical reasoning to ensure effective job
placement, performance, career advancement, and
organizational success.
· Communication skills(correct)
· Written skills
· Oral skills
· None of the above
2. A brief account of one's professional experience and
qualifications, often submitted with an employment
application is called ________.
· Biodata
· Resume(correct)
· Biography
· Autobiography
3. The interview characterized by pointed and unnerving
questions, deliberate interruptions, abrupt or even hostile
reactions are designed to unsettle the candidate in order to see
how well a candidate handle stressful situations at work place
is known as _______.
· Open-ended interview
· Situational interview
· Structured interview
· Stress interview(correct)
4. An ____________ letter is a contract of selling and
purchasing or services. Orders are considered one of the
simplest types of direct request. While placing an order, you
need not excite your reader's interest; just state your needs
clearly and directly.
· Acknowledgement letter
· Adjustment letter
· Order letter(correct)
· Approval letter
5. The purpose of ________ is to get the money owed and maintain
goodwill therefore, it should be persuasive rather than forceful,
firm rather than demanding, fair and tactful to achieve better
results, and you-oriented; courteous, considerate, and concerned
about the customer's best interest.
· Collection letter
· Claim letter
· Credit letter(correct)
· Inquiry letter
6. A promise of future payment in cash given in exchange for
goods or service is called _____.It is the instrument which
enables manufactures, producers, retailers and consumers to
obtain goods at a time when they can be used or sold even if
ready cash is not available.
· Adjustment letter
· Credit letter
· Transmittal letter
· Collection letter(correct)

CS410 GDB Solution

Windows Foundation Classes for Java (WFC) provides a framework of Java packages that support components targeted for the Microsoft Windows operating system and the Dynamic HTML object model. WFC is tightly integrated with the Microsoft Visual J++™ development environment and provides a full set of Windows controls written in Java. Building a Java application for Windows is made much easier by this tight integration and the support of features such as IntelliSense, the Forms Designer, the Application Wizard, and the Object Browser. While these Visual J++ features put you well on your way to creating applications, you'll probably want to understand the structure and logic behind the packages and classes that make up WFC.

The purpose of this section is to provide a conceptual framework for the WFC packages and classes and to explain some of the fundamental WFC models. Many of the packages exist as infrastructure for the component model and can be ignored by developers focusing on using the WFC controls. Other packages are most easily accessed from the Visual J++ Forms Designer. When you start exploring the WFC library, you'll want to know which packages and classes are important for your particular application.

.................

First thing about Windows - it is a multi-tasking environment. That means that it can actually run more than one program at one time, giving you higher efficiency. You'll need to process code for each program simultaneously, which is no easy feat. So, the makers of Windows created a system where each program was like a procedure - code was run only when the system requested for it. This meant that they needed to create a whole new system for Windows, containing the API (Application Program Interface). Code was in the form of 'events'. Only when an event occurs will code be run. Now you know why Delphi makes you type code that way!

* WFC Packages provides a high-level overview of the main packages that make up WFC.
* Working with WFC Visual Components describes the controls, forms, and graphical objects in WFC, which include the following subtopics:
o Windows Visual Components
o Dynamic HTML Visual Components
* Handling Events in WFC describes the use of delegates for handling events.
* Localizing Your Application describes the Visual J++ and WFC support and methodology for localizing your project in various languages.
* Using WFC Application Services describes some of the core application features and includes the following subtopics:
o Starting and Quitting an Application
o Handling Application Events
o Accessing System Information
o Performing Clipboard and Drag-and-Drop Operations
* Using Java Threads with WFC describes the threading model for WFC and includes the following subtopics:
o Mixing Java and Win32 Threading Models
o Creating and Exiting a Thread
o Using Thread Storage
o Working with Thread Exceptions

IT430 GDB No. 1 Annoucement

Graded discussion board
Dated: 
Jan 25, 11

Dear students,

A Graded Discussion Board for 'E-Commerce (IT430)' will be opened on Monday 31 January, 2011and it will be closed on Tuesday 01 February, 2011.

Discussion Topic

From consumers' point of view trust and satisfaction are two most important aspects of E-Commerce. In your opinion, which factors can be more critical to the internet consumer regarding trust on an E-Commerce portal?

Read the instructions carefully before sending your comments:

1. GDB will have weight-age of 5% of your total subject marks.
2. Your discussion must be based on logical facts.
3. You should post your comments on the Graded Discussion Board & not on the Regular MDB. Both will run parallel to each other during the time specified above.
4. Your comments should be relevant to the topic i.e. clear and concise (Maximum 5-8 lines answer).
5. Books, websites and other reading material may be consulted before posting your comments. (Do not copy the material as it is.)
6. No extra time will be given for discussion.
7. You cannot participate in the discussion after the due date or through e-mail.

Mkt501 Online Quiz No. 5 Announcement

Quiz 04

Dated: Jan 25, 11

On-Line Quiz (No.04) Announcement Quiz will cover video lecture no. 01 to 38

Schedule

Opening Date and Time: January 27, 2011 At 12:01 AM (Mid-Night)

Closing Date and Time: January 28, 2011 At 11:59 PM (Mid-Night)

24 hours extra time is not available