Examination Paper of Production and Operations Management IIBM Institute of Business Management Examination Paper Production and Operations Management Subject Code-B107 MM.100 Section A: Objective Type & Short Questions (30 marks) This section consists of multiple choice & Short Notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. Production and Operations Management
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how much food production would need to increase to feed 9 billion people by 2050. For example‚ in Elizabeth Dickinson’s info graphic essay‚ the largest number of respondents voted that the world would need to increase its food production by 70 percent. That is an enormous percentage because we would need to start increasing the production from now‚ so by the time 2050 comes around we will have increased by 70 percent. If we delay the process of starting to increase the food production then we will
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customer by providing services and goods‚ and in process create value for customers and solve their problems. Production and operations management talks about applying business organization and management concepts in creation of goods and services. 1.1. PRODUCT Though many authors define the product with Consumer orientation‚ it is better for us to deal with different angles‚ because it will be helpful for us to understand the subject of production and Operation Management. (i) For a Consumer:
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years‚ as there wasn’t any need for such a biopolymer; petroleum was still inexpensive and abundant so PHB was unnecessary. In 1957‚ PHB was rediscovered in Britain and USA‚ and was further developed and researched during the 1960s. The mass production of PHB began after the 1990s because of the growing need for a environmentally friendly plastic alternative. Properties of PHB... The biodegradability of PHB gives it extraordinary appeal as a potential replacement for the widely used polymers
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Mass production of food and the effect on its consumers and the community. Mass production of food and the effect on its consumers Abstract Where does the food we consume come from? We go to the grocery store and always know that the products we want will be there. Nothing runs out and we can pick up whatever we need. Meat‚ eggs‚ produce and even convenient frozen pre-made meals. But before we pick it up in the grocery store we never see
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Materiality d) Dual aspect Concept. 9) Cartage paid on purchase of a new machine is debited to a) Cartage a/c b) P& L a/c c) Machine a/c d) Trading a/c 10) Rs.15000/-Custom duty paid on import of a machinery for modernization of a factory production during the current year & Rs.5000/- paid as import duty on purchase of raw material.What is the amt. Of capital expenditure? a) Rs.15000/b) Rs.5000/c) NIL d) Rs.20000/- 11) Amt.received from subletting a part of the office building is a revenue
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Organizing It is the process of bringing together physical‚ financial and human resources and developing productive relationship amongst them for achievement of organizational goals. According to Henry Fayol‚ “To organize a business is to provide it with everything useful or its functioning i.e. raw material‚ tools‚ capital and personnel’s”. To organize a business involves determining & providing human and non-human resources to the organizational structure. Organizing as a process involves: *
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aspect of your production before you begin pre-production and production. The chance to get the ball rolling right. During the discovery stage of the film it is the producers role to obtained rights or an option to a film that he thinks is promising‚ if the rights owner is worried that their novel might be tainted by a film maker the producer must come to a legal agreement to maintain a certain set of standards concerning film director‚ cast and art department. Pre-production Producers role
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Investment Office ANRS PROJECT PROFILE ON THE ESTABLISHMENT OF SOYBEAN PRODUCTION FARM Development Studies Associates (DSA) October 2008 Addis Ababa Table of Contents 1. Executive Summary...........................................................................................1 2. Product Description and Application ..............................................................1 3. Market Study‚ Plant Capacity and Production Program..............................2 3.1 Market Study .......
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Forecasts for groups of items tend to be more accurate than forecasts for individual items. Forecast accuracy decreases as the time period covered by the forecast-the time horizon-increases. Steps in the Forecasting Process There are five basic steps in the forecasting process: 1. Determine the purpose of the forecast and when it will be needed. This will provide an indication of the level of detail required in the forecast‚ the amount of resources (manpower‚ computer time‚ dollars) that can
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