A-B-C analysis
Is a basic technique of materials management
Is meant for relative inventory control
Does not depend upon the unit cost of the item but on its annual consumption
All of the above
Correct Answer :
D. All of the above
Related Questions
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
All of the above
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
Product layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
Military organisation is known as
Line organisation
Line and staff organisation
Functional organisation
All of the above
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
Which of the following are the principles of material handling?
Keep all the handling to the minimum
Select only efficient handling equipment
Move the heaviest weight to the least distance
All of the above
One time measurement unit (TMU) in method time measurement system equals
0.0001 minute
0.0006 minute
0.006 minute
0.001 minute
If E is the duration, ES and EF are die earliest start and finish times, LS and LF are latest start and finish times, then the following relation holds good
EF = ES + D
LS = LFD
LF = LS + D
All of the above
Scheduling
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes
Regulates the progress of job through various processes
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is
25
50
75
100
CPM has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
Breakeven analysis consists of
Fixed cost
Variable cost
Fixed and variable costs
Operation costs
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store
Inflated system
Primary cost method
Current value method
Fixed price method
PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
Halsey plan
Gantt plan
Rowan plan
Emerson's efficiency plan
When slack of an activity is positive
It represents a situation where extra resources are available and the completion of project is not delayed
It represents that a programme falls behind schedule and additional resources are required to complete the project in time
The activity is critical and any delay in its performance will delay the completion of whole project
Any one of the above
In CPM, the cost slope is determined by
Crash cost/Normal Cost
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Normal Cost/Crash cost
(Normal cost - Crash cost)/ (Normal time - Crash time)
According to Muther, the basic principle of best layout is
Principle of overall integration
Principle of flow
Principle of flexibility
All of these
Basic motion time study gives times for basic motions in ten thousandths of
Second
Minute
Hour
Day
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
All of the above
Which one of the following techniques is used for determining allowances in time study?
Acceptance sampling
Linear regression
Performance rating
Work sampling
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
The factors to be considered for production scheduling are
Component design
Route sheet
Time standards
All of these
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode
Early finish
Early start
Late start
Late finish
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
Product layout is best suited where
One type of product is produced
Product is standardised
Product is manufactured in large quantities
All of the above
In manufacturing management, the term 'Dispatching' is used to describe
Dispatch of sales order
Dispatch of factory mail
Dispatch of finished product of the user
Dispatch of work orders through shop floor