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Production and operation management past question for the year 2023 examines 300-level Administration, Social and Management science students of AFIT, offering BUS307 course on their knowledge of Production management, operation management, least cost method transportation problem, inventories

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Past Questions related to Production and operation management

The Cost of Production Extra Multiple Choice Questions for Review

Year: 2020

School: Federal University, Oye-Ekiti

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Course Code: ECN101

Topics: production, law of diminishing returns, cost, cost

155 Economics test bank compiled by Adebajo Abdulrazaq

Year: 2020

School: Federal University, Oye-Ekiti

Department: Administration, Social and Management science

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Management Accounting II

Year: 2021

School: Air Force Institute of Technology

Department: Administration, Social and Management science

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Topics: Management Accounting, Standard cost, labor rate variance, material price variance, life cycle costing, kaizen costing

History and Structure of the Nigerian Economy

Year: 2022

School: Air Force Institute of Technology

Department: Administration, Social and Management science

Course Code: ECO210

Topics: Economic integration, commercialization, deregulation, privatization, transportation

Introductory mathematics for economists 1 2010, 2014, 2017, 2018, 2019

Year: 2019

School: University of Ibadan

Department: Administration, Social and Management science

Course Code: ECO1O4, CEF102

Topics: demand, demand equation, profit, cost, cost function, revenue function, demand elasticity, opportunity cost, marginal utility, utility, Roman education

Introduction to high way and transportation engineering 2018 & 2020

Year: 2020

School: Federal University of Technology, Owerri

Department: Engineering

Course Code: CIE301

Topics: highway engineering, transportation engineering, trip generation, transportation planning, travel behavior, transportation facility physical performance, skidding, stopping distance, design volume, traffic volume, speed surveys, traffic concentration, parking usage survey, transportation sub-systems

Introduction to business

Year: 2020

School: Nnamdi Azikiwe University

Department: Administration, Social and Management science

Course Code: BUS101

Topics: Business, partneship, management, production system, batch production, production, product layout, process layout, marketing, long term finance, credit, grants

Statistics for accounting and finance 2015, 2017-2019

Year: 2019

School: University of Ilorin

Department: Administration, Social and Management science

Course Code: ACC233, FIN233

Topics: correlation, least square regression, time series model, regression model, statistical analysis, forecasting, hypothesis, price index, quantity index, sampling error, population, sampling, product moment correlation coefficient, finite population, estimators, point estimates, error

Production planning and control 2014, 2015, 2018, 2019

Year: 2019

School: Federal University of Technology, Owerri

Department: Engineering

Course Code: IPE502

Topics: Production planning, economic order quantity, process layout, product layout, simple transfer line, component cost, batch quantity curve, fixed order quantity inventory management, percentage capacity utilization, milling machine, forecasting, least square method, production planning, production control, production programming, inventory

Principles of economics 1-2017&2019

Year: 2019

School: Nnamdi Azikiwe University

Department: Administration, Social and Management science

Course Code: ECO101

Topics: Economics, supply, utility, utility theory, indifference curve, demand curve, demand, goods, production function, cost

70 Multiple Choice Questions (MCQ) by Adebajo

Year: 2020

School: Federal University, Oye-Ekiti

Department: Administration, Social and Management science

Course Code: ECN101

Topics: Economics, capitalism, production, demand, supply, elasticity of demand, elasticity of supply, market structure, cost

Engineering economy

Year: 2022

School: Federal University of Technology, Owerri

Department: Engineering

Course Code: ENG212

Topics: Engineering economy, sunk cost, opportunity cost, fixed cost, variable cost, incremental cost, marginal cost, break-even volume, value, utility, equity, debt capital, consumer goods, balance sheet, profit and loss statement, depreciation

Operation research methods

Year: 2020

School: Federal University of Technology, Owerri

Department: Agriculture and Veterinary Medicine

Course Code: AEC411

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Introduction to Problem Solving

Year: 2021

School: Air Force Institute of Technology

Department: Science and Technology

Course Code: CSC102

Topics: Problem Solving, pseudocode, flowchart, algorithm, software design model, control structures, algorithm constructs, sequence, data types, object oriented design, operators

Books related to Production and operation management

Production Management 1

Author: Josef Bel-Molokwu

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ENT417, FMS317, BUS317

Topics: Production Management, Factory Location, production, plant, equipment, production planning, production control, work measurement, method study, production engineering, production function, system design, system operations, production process, productivity, workplace layout, aggregate production planning

Projects, 9th edition

Author: Prasanna Chandra

School: Alex Ekwueme Federal University, Ndufu-Alike

Department: Administration, Social and Management science

Course Code: ECO316

Topics: Project evaluation, capital investments, capital budgeting, decision making, project analysis, strategy, resource allocation, portfolio strategy, business level strategies, strategic planning capital budgeting, corporate appraisal, market surveyor, demand analysis, marketing plan, technical analysis, product mix, plant capacity, financial estimates, cost of production, profitability projections, projected cash flow statement, projected balance sheet, multi-year projections, time value of money, investment criteria, Net present value, benefit cost ratio, profitability index, payback period, project cash flows, cash flow illustrations, cost of capital, cost of debt, cost of equity, weighted average cost of capital, weighted marginal cost of capital, flotation cost, project risk analysis, sensitivity analysis, scenario analysis, break-even analysis, Hiller model, simulation analysis, decision tree analysis, managing risk, portfolio theory, capital budgeting, optimal timing, inflation, social cost benefit analysis, income distribution impact, linear programming model, integer linear programming model, goal programming model, managerial intuition, managerial judgement, reverse financial engineering, group process, capital structure, equity capital preference capital, debentures, term loans, project financing structure, financial closure, financial institutions, venture capital, private equity, infrastructure projects, public-private partnership, corporate governance, project management, project planning, project control project risk, time estimation, PERT Model, CPM Model, network cost system, project review, abandonment analysis, agency problem

Production Management 1

Author: Josef Bel-Molokwu

School: Modibbo Adama University of Technology

Department: Administration, Social and Management science

Course Code: MM301

Topics: production policy, Business Location, Plant, Equipment, Production Planning, Control, Work Measurement, Method Study, Production Engineering, System Design, System operation, production process

Operations Research Theory And Application ,Sixth Edition

Author: JK Sharma

School: Modibbo Adama University of Technology

Department: Administration, Social and Management science

Course Code: MM307

Topics: Linear Programming, Linear Programming Model Formulation, Graphical Method, Simplex Method, Duality in Linear Programming, Dual Linear Programming Problem, Sensitivity Analysis, Integer Linear Programming, Goal Programming, Transportation Problem, Assignment Problem, Decision Theory, Decision Trees, Theory of Games, game theory, Project Management, Deterministic Inventory Control Models, Probabilistic Inventory Control Models, Queuing Theory, Replacement Models, Maintenance Models, Markov Chains, Simulation, Sequencing Problems, Information Theory, Dynamic Programming, Classical Optimization Methods, Non-Linear Programming Methods, Revised Simplex Method, Dual-Simplex Method, Bounded Variables Linear Programming Problem, Parametric Linear Programming

Management and Cost Accounting ,10th edition

Author: Colin Drury

School: Modibbo Adama University of Technology

Department: Administration, Social and Management science

Course Code: AC303

Topics: Management Accounting, cost accumulation, cost, inventory valuation, profit measurement, cost assignement, accounting entries, job costing system, process costing, joint costing, by-product costing, cost-voulme-profit-analysis, pricing decisions, profitability analysis, activity-based costing, capital investment decisions, budgeting process, management control systems, standard costing, variance analysis, divisional financial performance measures, transfer pricing, STRATEGIC PERFORMANCE MANAGEMENT, STRATEGIC COST MANAGEMENT, VALUE CREATION, COST ESTIMATION, COST BEHAVIOUR, LINEAR PROGRAMMING, MANAGEMENT ACCOUNTING

Accounting Principles ,8th edition

Author: Roger Hermanson, James Edwards, Michael Maher

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ACC204

Topics: Recording business transactions, financial reporting, accounting cycle, Accounting theory, Merchandising transactions, Measuring inventories, reporting inventories, control of cash, property, plant equipment, Plant asset disposals, natural resources, intangible assets, Stockholders' equity, Corporations, Paid-in capital, retained earnings, dividends, treasury stock, Stock investments, Long-term financing, bonds, Managerial accounting concepts, job costing, Cost systems, Short-term decision making, Responsibility accounting, Segmental analysis, Capital budgeting, Long-range planning

Cost Accounting 2,Third edition

Author: ABWA, ATSWA, ICAN

School: Modibbo Adama University of Technology

Department: Administration, Social and Management science

Course Code: AC303

Topics: Cost Accounting, COST CLASSIFICATION, cost behaviour, material, stock, labour, overheads, Interlocking Accounting System, Cost Ledger, intergrated accounts, costing methods, specific order costing, CONTINUOUS OPERATION COSTING, PROCESS COSTING, JOINT PRODUCTS COSTING, COSTING TECHNIQUES, MARGINAL COSTING, Cost-Volume-Profit Analysis, SIMPLE INVESTMENT APPRAISAL TECHNIQUE, budgeting, budgetary control, PERFORMANCE MEASUREMENt, STANDARD COSTING TECHNIQUE, Cost Reduction

Fundamentals of Cost Accounting ,4th edition

Author: William Lanen, Shannon Anderson, Michael Maher

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ACC313

Topics: Cost Accounting, Cost Concepts, Cost Behavior, Cost-Volume-Profit Analysis, Cost Estimation, Job Costing, Product Costing, Service Costing, Activity-Based Costing, Cost Management, Service Department, Joint Cost Allocation, Planning, Budgeting, Business Unit Performance Measurement, Transfer Pricing, Variance Analysis

Cost Accounting ,15th edition

Author: Charles Horngren, Srikant Datar, Madhav Rajan

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ACC313

Topics: Management Accounting, Manager, Cost Volume Profit Analysis, Job Costing, Activity-Based Costing, Activity-Based Management, Master Budget, Responsibility Accounting, Flexible Budgets, Direct-Cost Variances, Management Control, Inventory Costing, Capacity Analysis, Decision Making, Relevant Information, Strategy, Balanced Scorecard, Strategic Profitability Analysis, Pricing Decisions, Cost Management, Cost Allocation, Customer-Profitability Analysis, Sales-Variance Analysis, Cost Allocation, Process Costing, Spoilage, Rework, Scrap, Balanced Scorecard, Inventory Management, Simplified Costing Methods, Capital Budgeting, Cost Analysis, Management Control Systems, Transfer Pricing, Multinational Considerations, Performance Measurement, Compensation, Multinational Considerations

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School: University of Uyo

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School: National Open University of Nigeria

Department: Administration, Social and Management science

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Author: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgstahler

School: Modibbo Adama University of Technology

Department: Administration, Social and Management science

Course Code: AC302

Topics: managerial accounting, business organization, cost behavior, cost-volume-profit relationships, cost drivers, cost managememt systems, activity-based costing, Cost Accounting Systems, budget, master budget, flexible budget, variance analysis, management control systems, responsibility accounting, Management Control, Decentralized Organizations, capital budgeting, product costing, cost allocation, overhead costs, job-order costing, process-costing systems, financial accounting, basic accounting, corporate annual report, financial statement, consolidated financial statement

Business Forecasting

Author: LAWAL Kamaldeen

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ENT330

Topics: Business Forecasting, business forecasts, Forecasting-External Factors, Forecasting Demand for New Products, Forecasting Demand, Good Forecasting Method, business forecasting limitations, forecasting system, Market Demand Forecasting, Assumptions of Forecasting, Quantitative Forecasting Methods, Qualitative Forecasting Approaches, Methods of Forecasting, Time Series Forecasting Method, Moving Average Method, Simple Moving Average Method, Exponential Smoothing, Weighted Moving Average, trend lines, Least-squares method, Monitoring Forecast, Controlling Forecast, Profit Forecasting, Material Forecasting

Cost Accounting

Author: Sani Usman Gurowa

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ACC305, ACC306

Topics: Stores Routine, Purchasing Procedure, Elements of Cost, Valuing Materials Issues, Wages Contest, Overhead Control, Cost Classification, Cost Behaviour, Standard Costing, Cost Ascertainment, Planning System Concept, Short-Term Operational Planning, Cost-Materials, Labour, Overhead, Activity-Based Costing

Cost Management ,5th Edition

Author: Edward Blocher, David Stout, Gary Cokins

School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ACC313

Topics: cost management, strategy, implementing strategy, value chain, balanced score card, strategy map, job costingActivity-Based Costing, Customer Profitability Analysis, process costing, cost allocation, planning, decision making, cost estimation, profit planning, cost-volume-profit analysis, master budget, operational-level control, operational performance measurement, management-level control, strategic performance measurement, management compensation, business analysis, business valuation

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School: National Open University of Nigeria

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Author: Onagwa Godfrey Ife

School: National Open University of Nigeria

Department: Administration, Social and Management science

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School: National Open University of Nigeria

Department: Administration, Social and Management science

Course Code: ECO453

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