Production and Operations Management :MCQ-3
101. We identified several internal benefits of objectives, goals and a sense of mission. Which is not included? Basis of plans and decisions Unity of direction Basis to resolve disputes None of the above. Correct answer: (C) Basis to resolve disputes 102. Identify the best definition of planning. The core activity of planners and planning departments. Setting an organisation's objectives and the means of reaching them. Devising ways of achieving the objectives of an organisation. An integrated process in which plans are formulated, carried out and controlled. Correct answer: (B) Setting an organisation's objectives and the means of reaching them. 103. Business cycle, price trends, National Economy are ___________ Micro Factors Macro Factors Controllable Factors All of these Correct answer: (B) Macro Factors 104. Which is not a part of 5R's of buying? Right Quality Right Quantity Righ...