D215 - Auditing | OA Practice

Question 41: What is meant by 'tier one suppliers'?

Suppliers who provide services rather than products

Suppliers who provide materials directly to the manufacturer

Suppliers who only distribute finished products to consumers

Suppliers who handle raw materials from the source

Question 42: What does the term 'productivity' measure in operations management?

The total revenue generated from sales

The efficiency of converting inputs into outputs

The number of employees required to meet production goals

The percentage of profit per unit sold

Question 43: What does 'utilization' measure?

The total number of units produced per day

The proportion of time a resource is actually used

The number of hours worked by employees

The total output of all production resources combined

Question 44: What is 'vertical integration' in a business context?

Acquiring companies in the same industry

Merging with suppliers or distributors in different industries

Acquiring a competitor in the same field

Expanding into unrelated markets

Question 45: What is the purpose of a 'feasibility analysis' in project management?

To determine the skills needed for a project

To identify the stakeholders involved in the project

To evaluate the cost, benefits, and risks of a project

To create a detailed project timeline

Question 46: What is a 'job enrichment' strategy?

Assigning more responsibility and authority to an employee

Hiring more employees to perform the same job

Reducing the workload of overburdened employees

Offering employees higher salaries for performing the same tasks

Question 47: What is 'Six Sigma'?

A methodology for enhancing creativity in project management

A set of standards for managing environmental responsibility

A technique focused on minimizing defects in production

A strategy for reducing overall project costs

Question 48: What does 'effective capacity' refer to?

The maximum output under ideal operating conditions

The expected capacity under current operating constraints

The total available capacity in a production plant

The amount of output that is delivered to consumers

Question 49: What is a 'control chart'?

A graph that shows whether a process is in control or out of control

A chart that displays project deadlines

A diagram that shows production flow

A tool to measure employee performance

Question 50: What does 'horizontal integration' refer to?

Acquiring companies that operate at different stages of production

Expanding into different industries unrelated to the current business

Acquiring companies that operate in the same industry

Merging with suppliers or distributors

D215 Auditing - Set 3 - Part 3