MCQ
1. An optimum project schedule implies--
optimum útilization of men, machines and materials
lowest possible cost and shortest possible time for project
timely execution of project
to produce hest results under given constraints
2. In Halsey 50-50 plan, output standards are established-
by time study
from previous production records
from one's judgement
all of the above
3. 'Value' for value engineering and analysis purposes is defined as—
purchase value
saleable value
depreciated value
function/cost
4. In Lincoln plan (one type of group Incentive plan), the amount of the profit which an an employee receives in addition to the guaranteed basic300 pay/wages, is based on--
a standard rating system
a merit rating system
a job evaluation system
his individual performance performance
5. Routing is essential in the following type of industry--
assembly industry
job order industry
mass production industry
process industry
6. Current assets include--
manufacturing plant
manufacturing plant and equipment.
inventories
common stock held by the firm
7. In the perpetual inventory control, the material is checked when it reaches its-
minimum value
average value
maximum value
alarming value
8. PERT has following time estimate--
one time estimate
two time estimate
three time estimate
four time estimate
9. The term 'value' in value engineering refers to--
total cost of the product
selling price of the product
utility of the product
manufactured cost of the product
10. Graphical method, simplex method and transportation method are concerned with-
break-even analysis
linear programming
value analysis
queing theory
11. The technique of value analysis can be applied to--
complicated items only
simple items only
crash programmer items only
cost consciousness items only
any item
12. For ship vessel industry the following layout is best suited--
process layout
fixed position layout
product layout
plant layout
13. Value engineering aims at finding out the-
depreciation value of a product
resale value of a product
major function of the item and accomplishing the same at least cost without change in quality
break even point when machine requires change
14. In the Halsey 50-50 plan, the following are rewarded more--
past good workers
past average workers
past poor workers
all of the above
15. Break-even analysis can be used for--
short run analysis
long run analysis
average of above two run analysis
there is no such criterion
16. CPM has following time estimate--
one time estimate
two time estimate
three time estimate
four time estimate
17. Which of the following incentive plansrensures a part of the swing to the worker and rest to the employer—
Emerson efficiency plan
Taylor plan
Halsey premium plan
all of the above
18. Father of time study was-
F.W. Taylor
F.B. Gilberth
H.L. Gantt
R.M. Barnes
19. In the Halsey system of wage incentive plan, a worker is--
paid as per efficiency
ensured of minimum wages
not paid any bonus till his efficiency
never a loser
20. Job enrichment technique is applied to--
overcome boring and demotivating work
reduce labour monotony
make people happy
all of the above