12 Questions
What is the significance of applying Principles of Management in day-to-day life?
It enables us to plan, coordinate, and control our activities to achieve certain goals.
How does the knowledge of Production Management benefit a professional manager?
It helps them tackle the problems of their business easily.
What are the activities involved in Production Management?
Planning, selection of materials, planning of processes, Routing, Scheduling, and controlling the activities.
In a manufacturing system, what type of costs are allocated to the products produced?
Fixed costs and variable costs (such as labour cost and materials costs)
How can the principles of Production Management be applied to an Educational Institution?
By selecting raw students, planning course work, educating students, and conducting examinations.
What is a characteristic of services in a service system?
They cannot be stored physically
Why is it difficult to calculate cost and productivity in some services?
Because they involve professional or intellectual judgments that cannot be easily standardized
What is the scope of applying Production Management principles?
It is applicable to any field of life, including service organizations and project management.
What is unique about the plant, machinery, men, and materials in a project system?
They are often brought to the project site
What are the common problems faced by managers in various organizations?
They are similar to those faced in Production departments, but smaller in magnitude.
Why can productivity be measured with a certain degree of accuracy in a manufacturing system?
Because the input costs and output costs are measurable
What happens to the resources after a project is completed?
They are removed from the site
Learn how to apply the principles of management in your daily life and organizational settings, including planning, coordinating, and controlling resources to achieve goals. This quiz will test your understanding of management principles and their application in production management.
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