1) Which of the following is not an example of a biological mega trend of fourth industrial revolution?
solution) c) Bitcoin
2)_________ of manufacturing industry in industry 4.0 incorporates evaluation of relevant issues and performance matrix.
solution) d) Sustainability assessment.
3)Which of the following is not an element of globalization?
solution) d) None of the above.
4)Which of the following incorporates the knowledge of international and local cultures in business model?
solution) c) Mass customization
5) Which of the following is true about recession and depression?
solution) a) Duration of recession ranges between a few months to 2 years, whereas that of depression is more than 2 years.
6) Which of the following is true about lean approach?
solution) d) looks from customers perspective
7) Over processing refers to-
solution) a) Doing more work in a product than the customers values.
8) Which of the following types of works can be observed in a products value stream?
solution) c) both (a) and(b).
9) Which of the following principles should be followed for the implementation of people engagement in lean production system?
solution) b) Learn, Do, Teach.
10) Smart and connected products help in _________ by optimizing the resources.
solution) a) Enhancing performance.
11) The function of digital layer in smart business model includes:
solution) d) All of the above.
12) Which of the following is an advantage of running smart factories?
solution) b) Improved Quality.
13) Which of the following is not a component of a smart factory?
solution) c) Smart homes.
14) Which of the following is a supporting technology for smart factories?
solution) c) Both (a) and (c).
15) Which of the following is used to operate instruments remotely in smart factories?
solution) a) Augmented reality.
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