PERT is the
A. Time oriented technique
B. Event oriented technique
C. Activity oriented technique
D. Target oriented technique
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PERT requires
A. Single time estimate
B. Double time estimate
C. Triple time estimate
D. None of these
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PERT stands for
A. Program Estimation and Reporting Technique
B. Process Estimation and Review Technique
C. Program Evaluation and Review Technique
D. Planning Estimation and Resulting Technique
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The factors which are to be considered while developing a good wage incentive plan will include
A. Adequate incentive
B. Ease of administration
C. Guaranteed basic pay
D. All of these
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In the Halsey system of wage incentive plan, a worker is
A. Paid as per efficiency
B. Ensured of minimum wages
C. Not paid any bonus till his efficiency
D. Never a loser
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If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to
A. P F × V
B. V F × P
C. 1 + P V F
D. 1 − P V F
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Under the Apprenticeship Act
A. All industries have to necessarily train the apprentices
B. Industries have to train apprentices according to their requirement
C. All industries employing more than 100 workers have to recruit apprentices
D. Only industries employing more than 500 workers have to recruit apprentices
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The disadvantage of product layout is
A. High initial investment for the specialized facilities
B. Skilled labour to operate machines
C. Production time is longer, requiring more goods in inventory
D. High cost of inspection
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Pick up the correct step used for scheduling a project by C.P.M.
A. A project is divided into various activities
B. Required time for each activity is established
C. Sequence of various activities is made according to their importance
D. All of the above
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The amount deducted from the salary of workers towards employee’s provident fund is
A. Credited into reserves of company
B. Deposited in nationalized bank
C. Deposited in post office
D. Deposited in the account of worker with Provident Fund Commissioner
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Job enrichment technique is applied to
A. Reduce labour monotony
B. Overcome boring and demotivating work
C. Make people happy
D. All of the above
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A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called
A. Hoist
B. Jib crane
C. Portable elevator
D. Chain conveyor
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In inventory control, the economic order quantity is the
A. Optimum lot size
B. Highest level of inventory
C. Lot corresponding to break-even point
D. Capability of a plant to produce
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If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be
A. TR
B. TR + 2 S − T × R
C. TR + ( S − T ) × R
D. TR + S S − T × R
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If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Rowan plan, wages for the job will be
A. TR
B. TR + 2 S − T × R
C. TR + ( S − T ) × R
D. TR + S S − T × R
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In crash program for a project
A. both direct and indirect costs, increase
B. indirect costs increase and direct costs decrease
C. direct costs increase and indirect costs decrease
D. cost is no criterion
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Graphical method, simplex method, and transportation method are concerned with
A. Break-even analysis
B. Value analysis
C. Linear programming
D. Queueing theory
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Emergency rush order can be pushed more effectively in
A. Job production
B. Automatic production
C. Continuous production
D. Intermittent production
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TMU in method time measurement stands for
A. Time Motion Unit
B. Time Measurement Unit
C. Time Movement Unit
D. Technique Measurement Unit
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Slack represents the difference between the
A. Latest allowable time and the normal expected time
B. Latest allowable time and the earliest expected time
C. Proposed allowable time and the earliest expected time
D. Normal allowable time and the latest expected time
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