Materials Management
Question : Case Study: ABC Pharmaceuticals adopts scientific management techniques to streamline its production process. Which technique involves analyzing and simplifying work processes to improve efficiency?
Option 1: Fatigue study
Option 2: Time study
Option 3: Method analysis
Option 4: Motion study
Correct Answer: Method analysis
Solution : The correct answer is (c) Method analysis.
Method analysis is a key component of scientific management, a management approach pioneered by Frederick Taylor in the early 20th century. It involves studying and analyzing each step of a work process to determine the most efficient way to perform the task. This includes examining the sequence of steps, tools and equipment used, and the movements involved in completing the task.
Question : Case Study: ABC Pharmaceuticals advocates for unity and a sense of camaraderie among its employees. This commitment aligns with which principle of management?
Option 1: Initiative
Option 2: Discipline
Option 3: Esprit de corps
Option 4: Remuneration of personnel
Correct Answer: Esprit de corps
Solution : The correct answer is (c) Esprit de corps
The principle of "Esprit de corps" emphasizes fostering unity and a sense of camaraderie among employees within an organization. It involves creating a team spirit, promoting teamwork, and encouraging a sense of unity and loyalty among the workforce. ABC Pharmaceuticals' advocacy for unity and camaraderie among its employees aligns with the principle of esprit de corps, demonstrating their commitment to building a positive and collaborative work environment.
Question : Assertion: Scientific management principles aim to improve the overall efficiency of the organization.
Reason: It focuses on optimizing individual work performance to achieve organizational goals.
Option 1: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Option 2: Both are correct, but the reason is not the correct explanation.
Option 3: The assertion is correct, the reason is incorrect.
Option 4: The assertion is incorrect, the reason is correct.
Correct Answer: Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertions and reasons are correct, and the reason is the correct explanation of the assertion.
The assertion is correct. Scientific management principles do aim to improve the overall efficiency of the organization by optimizing work processes and achieving higher levels of productivity and performance.
The reason is also correct and explains the assertion. Scientific management focuses on optimizing individual work performance through methods like time studies, standardization, and efficient allocation of resources. This optimization of individual performance contributes to the overall efficiency and effectiveness of the organization in achieving its goals.
Question : Case Study: XYZ Manufacturing Company
XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.
Question:
What is the first step XYZ Manufacturing Company should take in the planning process to improve their production processes?
Option 1: Setting objectives and goals
Option 2: Identifying potential risks
Option 3: Allocating resources
Option 4: Evaluating alternatives
Correct Answer: Identifying potential risks
Solution : The correct answer is (b) Identifying potential risks
Identifying potential risks is a crucial initial step because it allows the company to understand the challenges and uncertainties associated with revamping production processes. By assessing potential risks, XYZ Manufacturing Company can develop strategies to mitigate these risks and ensure a more successful planning and implementation process.
Question : What is the process of designing and maintaining an environment in which individuals working together in groups efficiently accomplish selected aims?
Option 1: Cooperation,
Option 2: Coordination,
Option 3: Management,
Option 4: Controlling
Correct Answer: Management,
Solution : Management is a process of designing and maintaining an environment in which individuals work together in groups efficiently to achieve selected aims.
Hence, Option C is correct.
Question : Case Study 5: Benefits of Entrepreneurship Development
ABC Textiles is a textile manufacturing company that has been operating for over two decades. Due to technological advancements, the company faced stiff competition from newer, more efficient manufacturers. The management decided to invest in training their employees in the latest technologies and innovative techniques, resulting in increased productivity and better product quality. Question:
How did entrepreneurship development contribute to ABC Textiles' success?
Option 1: By reducing the number of employees
Option 2: By ignoring technological advancements
Option 3: By investing in employee training and innovation
Option 4: By shifting production to another country
Correct Answer: By investing in employee training and innovation
Solution : The correct answer is (c) By investing in employee training and innovation
ABC Textiles invested in training its employees in the latest technologies and innovative techniques, demonstrating a commitment to adapting and staying competitive in the market. This investment in employee training and innovation aligns with the principles of entrepreneurship development, fostering adaptability, and enhancing the company's overall success.
Question : The country's 12th Indian Institute of Management (IIM) has been started at _______ in Uttarakhand.
Option 1: Kashipur
Option 2: Dehradun
Option 3: Haridwar
Option 4: Haldwani
Correct Answer: Kashipur
Solution : Correct Answer is Kashipur
Indian Institute of Management also known as IIM Kashipur, was established in Kashipur under the Eleventh Five Year Plan set up by the Government of India in 2011.
The union cabinet, chaired by Prime Minister Narendra Modi, approved the proposal to set up six new Indian Institutes of Management (IIMs) across the country.
The new IIMs would come up at Vishakhapatnam (Andhra Pradesh), Bodh Gaya (Bihar), Sirmaur (Himachal Pradesh), Nagpur (Maharashtra), Sambalpur (Odisha) and Amritsar (Punjab).
Question : Case Study: XYZ Electronics Pvt. Ltd.
XYZ Electronics Pvt. Ltd. is a growing company specializing in the manufacturing of electronic gadgets. The management believes in effective directing to ensure smooth operations. Consider the following scenario to answer the questions.
In the context of XYZ Electronics, what does effective supervision entail?
Option 1: Micromanagement and control over every task
Option 2: Lack of communication with subordinates
Option 3: Providing guidance, support, and motivation
Option 4: Avoiding employee feedback and suggestions
Correct Answer: Providing guidance, support, and motivation
Solution : The correct answer is (c) Providing guidance, support, and motivation.
Effective supervision involves providing clear guidance to employees, offering support when needed, and motivating them to perform at their best. A good supervisor at XYZ Electronics would encourage open communication, provide constructive feedback, help in resolving issues, facilitate employee growth, and ensure that employees are equipped with the necessary resources to succeed in their roles. Effective supervision focuses on empowering and supporting employees to achieve their goals and contribute to the organization's success.
Question : Comprehension:
Read the given passage and answer the questions that follow.
Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.
Select the most appropriate ANTONYM of the given word with reference to its usage in the passage.
Debilitating
Option 1: Enfeebling
Option 2: Crippling
Option 3: Invigorating
Option 4: Undermining
Correct Answer: Invigorating
Solution : The correct choice is the second option.
Debilitating means to make someone very weak, whereas, "invigorating" means to make one feel strong and full of energy. Thus, making it the correct antonym for the given word.
The meanings of the other options are as follows:
Question : Read the passage given below and then answer the questions given below the passage. Some words may be highlighted for your attention. Read carefully.
Billionaire Mukesh Ambani's telecom venture Reliance Jio Infocom is planning to foray into automobile telematics with the launch of a device that will control vehicle's movement and alert owner about fuel and battery through a mobile app. "Reliance Jio is ready with a car connected device that will have multiple features like immobilize car at the time of theft, alert owner about car movement, locate car and also provide wi-fi within car, The owner needs to use Jio sim in the device to avail benefits." an industry source said. The company is in advance talks with automobile companies to launch it very soon. "There are lots of factors that determine price, but price of the car connected device is estimated to be either equal to or less than its Jio's wifi device which costs around Rs 2,000," the source said. With help of Jio's car management device, the owner will get information about the way his driver is driving the car, the movement of vehicle can be restricted within a geography, switch on AC of car from any remote location, get alert of car break etc. "Jio is working on the modalities on its sales model for the existing cars as well" the source said. The device and application has been internally developed by Jio but the hardware device will be initially imported from China. "Jio has asked its device vendor to start making it in India after initial rollout," the source said. Besides this, the company is also scaling up its fibre to the home project for which it is running pilot in some cities including Delhi and Mumbai. "With Fibre to the home, Jio will focus on automatic entire home from entertainment to home surveillance to utility management, the source said. Jio has touched a customer base 7.24 crore and claims to be adding 1 lakh mobile subscribers per day. The company has set target to cross 10 crore customers by March 31, 2017.
Question: Which of the following is ensured mostly through the use of JIO sim?
Option 1: Security
Option 2: Better models
Option 3: More entertainment
Option 4: More comfort
Correct Answer: Security
Solution : The correct answer is option 1.
Explanation
Reading over all the services that Jio may offer via the Jio sim, it can be deduced that everything will be incredibly safe, from a car's position to its immobility when stolen or managing things in a home.
As a result, choice 1 is the right response.
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