1. **What is the primary focus of Operations Management?** a) Marketing and Sales b) Product Development c) Production and Delivery of Goods and Services d) Human Resource Management

2. **Which of the following is a key aspect of Lean Manufacturing?** a) Just-in-Time Production b) Mass Production c) Outsourcing d) Centralization

3. **What does the term 'Six Sigma' primarily focus on?** a) Cost Reduction b) Employee Training c) Quality Improvement d) Speed of Delivery

4. **Which inventory management technique is known for its use of cards to control production and inventory?** a) ABC Analysis b) Just-in-Time c) Kanban d) Economic Order Quantity

5. **What does ERP stand for in Operations Management?** a) Efficient Resource Planning b) Enterprise Resource Planning c) Economic Resource Planning d) Executive Resource Planning

6. **Which of the following is not a typical key performance indicator (KPI) in operations management?** a) Lead Time b) Net Profit Margin c) Inventory Turnover d) Defect Rate

7. **What is the primary goal of Supply Chain Management?** a) Increasing the number of suppliers b) Maximizing customer value and achieving a sustainable competitive advantage c) Focus on technology development d) Reducing the workforce

8. **In project management, what does the 'Critical Path' represent?** a) The longest duration path through a project b) The most cost-effective path c) The path with the highest risk d) The shortest duration path through a project

9. **Which of these is not a typical process type in Operations Management?** a) Job Shop b) Batch Production c) Continuous Production d) Random Production

10. **What does the term 'Bottleneck' refer to in a production process?** a) A stage where the production capacity exceeds the demand b) A stage in production where demand exceeds capacity c) A technique for reducing waste d) A method for employee training

1. What is the total cost of producing 500 units if the variable cost per unit is $10 and the fixed costs are $2,000? 2. Calculate the capacity utilization percentage if a factory has a maximum capacity of 1,000 units and is currently producing 800 units. 3. A production line produces 200 units per hour. How many hours will it take to produce 2,500 units? 4. If the demand forecast for a product is 1,200 units and the current inventory is 300 units, how many units should be produced to meet demand? 5. Calculate the average inventory level if a company holds 600 units of a product in stock for 30 days. 6. What is the reorder point if the average daily demand for a product is 50 units, and the lead time is 5 days? 7. Calculate the Economic Order Quantity (EOQ) if the annual demand is 5,000 units, ordering cost is $100 per order, and holding cost per unit per year is $2. 8. If a production process has a yield rate of 90%, and 1,000 units are started, how many good units will be produced? 9. Calculate the cycle time if a manufacturing process takes 8 hours to complete and produces 400 units in that time. 10. If a project has a total completion time of 40 weeks and consists of 10 tasks, what is the critical path duration? 11. A factory has an OEE (Overall Equipment Effectiveness) of 85%, an availability of 90%, and a performance rate of 95%. Calculate the quality rate. 12. Calculate the total lead time for a product if the order processing time is 3 days, manufacturing time is 5 days, and transportation time is 2 days. 13. If a supplier offers a 2% discount for paying an invoice within 10 days, what is the annualized interest rate (APR) for taking advantage of the discount? 14. Calculate the labor productivity if a factory produces 2,000 units in 40 labor hours. 15. A company produces 5 different products. If Product A has a contribution margin of 20%, Product B has 15%, Product C has 25%, Product D has 10%, and Product E has 30%, what is the weighted average contribution margin? 16. If a project's net present value (NPV) is $50,000, and the discount rate is 10%, what is the project's profitability index? 17. Calculate the process capability index (Cpk) if the upper specification limit (USL) is 80, the lower specification limit (LSL) is 60, and the process mean is 70. 18. A company has a machine that costs $100,000 and has a salvage value of $20,000 after 5 years. What is the annual depreciation expense using the straight-line method? 19. If a production line has a defect rate of 3% and produces 10,000 units, how many defective units are expected? 20. Calculate the break-even point in units if the selling price per unit is $50, variable cost per unit is $30, and fixed costs are $20,000.