MBA

Production and Operations Management MCQ- 2

BBA | MBA | BHA | MHA | M. Com | CA | CMA ANSWERS : (51)(d) Chemical and Mechanical properties(52)(c) Production(53)(b) Operations management(54)(c) Optimal utilisation of available resources(55)(d) Unlimited, can be applied to any type of activity(56)(a) Standardised products(57)(b) In Product system the machinery and equipment are fixed and in project systemthey are not […]

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Production and Operations Management MCQ

BBA | MBA | BHA | MHA | M. Com | CA | CMA Answer Key:(1) (d) Flexibility(2) (a) Machine break-downs(3) (b) Growth(4) (c) TQM(5) (b) Independent Float(6) (a) Regular spares(7) (d) Time between placing the order and receiving the materials(8) (c) PERT & CPM(9) (a) Material requirement planning(10)(b) Gantt chart(11)(b) Simplification(12)(c) Manufacturing products(13)(c) Few

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Preventive Maintenance

In order to reduce the occurrence of defects, firms should carry out preventive maintenance. In preventive maintenance, the parts that are likely to produce defects are replaced, rather than the defects that arise during production being repaired. Workers are given the responsibility of maintaining their machinery and equipment and are also trained to solve or

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Seven Wastes in Operations Management

Shiego Shingo, a Japanese JIT authority and engineer at the Toyota Motor Company identifies seven wastes as being the targets of continuous improvement in production process. By attending to these wastes, the improvement is achieved. Reference : https://www.lsms.ac/public/uploads/agOo5stUWxcQz4LNqcVJHs6FRUPE5niktFYNr3myktB1vSz5Vh15753763066W1sdKkbQ3pTXIQp1zILqPGSIVt1eGWLimEXCCsz4gCIzBWznB

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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Management Theory and Practice
Internal Assignment Applicable for December 2022 Examination

1. You are hired as a trainer by Sachin Ethanol, a newly setup organization dealing in manufacturing Ethanol from Sugarcane residue. The CEO wants you to train the newly recruited management trainees about the Principles of Management. Explain the principles of Management to these newly recruited employees by taking the help of Henri Fayol’s 14

NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Management Theory and Practice
Internal Assignment Applicable for December 2022 Examination
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NMIMS Assignment December 2022 | How to do NMIMS assignments by self guidance #economics question number 3 solution

3. a. Suppose the monthly income of an individual increases from Rs 20,000 to Rs 25,000 which increases his demand for clothes from 40 units to 60 units. Calculate the income elasticity of demand. (5 Marks) 3. b. Assume that a business firm sells a product at the price of Rs 500. The firm has

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