Content text 7. PAPER-9 OMSM.pdf
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Suggested Answer_ Syllabus 2016_June2017_Paper 9 Academics Department, The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Page 1 INTERMEDIATE EXAMINATION GROUP - III (SYLLABUS 2016) SUGGESTED ANSWERS TO QUESTIONS JUNE - 2017 Paper-9 : OPERATIONS MANAGEMENT AND STRATEGIC MANAGEMENTINDIRECT Time Allowed : 3 Hours Full Marks : 100 This paper contains two Sections. Both Sections are compulsory, subject to instructions provided against each. This figures in the margin on the right side indicate full marks. All working must form part of your answer. Assumptions, if any, must be clearly indicated. Section - A (Operations Management) 1. (a) Choose the correct answer: 1x10=10 (i) Out of the following trends in production/operations management, which one is sometimes called as agile manufacturing? (A) Re-engineering (B) Supply-Chain Management (C) Lean Production (D) Flexibility (ii) Out of the following factors that are affecting Capacity Planning, which one is Less Controllable one? (A) Machine break-downs (B) Amount of labour employed (C) Facilities installed (D) Shifts of work per day (iii) Which of the following stages of Product Life Cycle does attribute beginning of substantial increase in Sales and Profits? (A) Introduction (B) Growth (C) Maturity (D) Decline (iv) This aims at finding the best and most efficient way of using the available resources - men, materials, money and machinery: (A) Time Study (B) Work Study (C) Method Study (D) Job Evaluation (v) Which one is NOT an index of Productivity? (A) Man-hour output (B) Productivity ratio (C) TQM (D) Use of Financial Ratios