ASTRAL INSTITUTE OF MANAGEMENT STUDIES POST GRADUATE DIPLOMA IN MANAGEMENT (2012-2014) Production nd O!

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Answer all questions (1,-2)

1. Production Management brings together the 6M's . State each M. men, money, machines, materials, methods and markets 2. Production management is a part of business management is also called Production Function . !. "he main objective of production management is to produce goods and ser#ices of the right right $uality, right $uantity, at the right time and at minimum cost. %. State the importance of production management to the business firm& '. State the importance of production management to customers and society. 6. Production(operations Management refers to creation of goods )hereas production refers to the creation of ser#ices.*"rue(+alse,f -. .ll organisations, including ser#ice organi/ations such as banks and educational institutions, ha#e a production function.*"rue(+alse,.t 0. 1. 2d)ards 3eming is kno)n as the +ather of Scientific Management. *"rue(+alse,f 4. 5perations Management is the set of the acti#ities that create goods and ser#ices by transforming inputs into outputs.*"rue(+alse,t 16."he operations manager performs the management acti#ities of planning, organi/ing, staffing, leading, and controlling of the P5M function.*"rue(+alse,t . It

11. 1hich of the follo)ing is 75" a ma8or acti#ity of operations in supporting company success& c a. pro#ide products(ser#ices suited to the company9s capabilities. b. produce product )ith consistent $uality le#el. c. minimi/e cost. d. pro#ide a product(ser#ice )hich has sufficient market. 12. 5perations are concerned )ith )ith .c a. b. c. d. demand, $uality efficiency, cost supply, demand demand, supply 1!. P5M is applicable c a. b. c. d. e. mostly to the ser#ice sector mostly to the manufacturing sector to manufacturing and ser#ice sectors to ser#ices e:clusi#ely to the manufacturing sector e:clusi#ely )hile marketing is concerned

1%. "he responsibilities of Production and operations manager include b a. planning, organi/ing, staffing, procuring, and re#ie)ing

b. planning, organi/ing, staffing, leading and controlling c. forecasting, designing, accounting and financing d. marketing, selling, ad#ising and auditing e. none of the abo#e 1'. 3ra) the diagram for #arious dimensions of scope of P5M.