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Created on March 23, 2026 By

CA Sonal Saboo

CMA Inter

Inter OMSM PN-9 Quiz 14

This quiz is based on the CMA Operations Management and Strategic Management paper.
Each question is multiple-choice with 4 options, and only 1 option is correct.
Attempt the quiz to test your understanding of CMA OMSM concepts.

1 / 17

Category: Operations Management and Strategic Management PN-9

1. A Gantt Chart is also known as a:

a. Network diagram

b. Line graph

c. Bar chart

d. Flow chart

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Category: Operations Management and Strategic Management PN-9

2. A major advantage of the Gantt Chart is that it:

a. Shows detailed network relationships

b. Can easily incorporate changes in timing and machine loads

c. Eliminates the need for manpower planning

d. Eliminates the need for manpower planning

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Category: Operations Management and Strategic Management PN-9

3. An event in a network refers to:

a. A job that consumes time and money

b. The use of physical resources

c. The start or completion of a job that consumes no resources

d. An interruption in the workflow

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Category: Operations Management and Strategic Management PN-9

4. Network analysis provides a graphical representation of:

a. Profit and loss data

b. Material flow between departments

c. Only the critical activities

d. All activities and events in logical sequence

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Category: Operations Management and Strategic Management PN-9

5. Which of the following is not an application of network analysis?

a. Aircraft manufacturing

b. Retail store management

c. Construction of residential complex

d. Satellite mission development

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Category: Operations Management and Strategic Management PN-9

6. The type of maintenance in which machines are repaired only after breakdown is known as:

a. Scheduled maintenance

b. Predictive maintenance

c. Breakdown or repair maintenance

d. Preventive maintenance

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Category: Operations Management and Strategic Management PN-9

7. One of the key advantages of preventive maintenance is:

a. Increased work content of maintenance jobs

b. Reduced breakdowns and downtime

c. Reduced safety of workers

d. Increased downtime

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Category: Operations Management and Strategic Management PN-9

8. Which of the following is an analytical measure used to evaluate preventive maintenance effectiveness?

a. Hours worked for maintenance / Scheduled hours × 100

b. Inspections incomplete / Inspections scheduled × 100

c. Frequency of breakdowns = Number of breakdowns / Available machine hours

d. All of the above

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Category: Operations Management and Strategic Management PN-9

9. What does running maintenance typically include?

a. Installation of new machinery

b. Only major repairs after equipment failure

c. Lubrication, cleaning, and periodic overhaul while the equipment is in operation or during preplanned shutdowns

d. Outsourcing all maintenance work

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Category: Operations Management and Strategic Management PN-9

10. What are the two main causes for the replacement of machinery?

a. Wear and obsolescence

b. Technological improvement and breakdowns

c. Wear and depreciation

d. Maintenance and repair costs

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Category: Operations Management and Strategic Management PN-9

11. One reason for replacing a machine before its expected life is:

a. To reduce factory space

b. To avoid preventive maintenance

c. To reduce running costs and increase productivity

d. To increase downtime

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Category: Operations Management and Strategic Management PN-9

12. Which of the following is NOT a classification of spare parts?

a. Regular Spares

b. Insurance Spares

c. Capital Spares

d. Temporary Spares

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Category: Operations Management and Strategic Management PN-9

13. What is the primary purpose of a vision statement in an organization?

a. To outline the company's current operations and processes.

b. To list the company's products and services.

c. To define the desired future state and aspirations of the organization.

d. To describe the company's financial goals.

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Category: Operations Management and Strategic Management PN-9

14. What does the "F" in the FAST goal-setting framework stand for?

a. Financially viable

b. Fully achievable

c. Frequently discussed

d. Fully transparent

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Category: Operations Management and Strategic Management PN-9

15. What does EVA stand for in financial performance metrics?

a. Equity Value Added

b. Earnings Value Added

c. Economic Value Added

d. Earnings Variance Analysis

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Category: Operations Management and Strategic Management PN-9

16. The dynamic nature of the business environment requires businesses to:

a. Continuously adapt to changes and anticipate future trends

b. Maintain a static approach to operations

c. Ignore external changes and focus only on internal factors

d. Rely solely on historical data for decision-making

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Category: Operations Management and Strategic Management PN-9

17. A company develops a new recycling process to reduce waste. Which PESTEL factor is it responding to?

a. Environmental

b. Technological

c. Economic

d. Political

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Inter PN-9 OMSM Quiz 14

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