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ABC analysis deals with

A. Analysis of process chart

B. Flow of material

C. Ordering schedule of job

D. Controlling inventory costs money

Correct Answer :

D. Controlling inventory costs money


Related Questions

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Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.

A. One-fourth

B. One-half

C. Equal to

D. Twice

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In process layout

A. Handling and backtracking of materials is too much

B. Production control is more difficult and costly

C. Routing and scheduling is more difficult

D. All of the above

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4

Value engineering aims at finding out the

A. Depreciation value of a product

B. Resale value of a product

C. Major function of the item and accomplishing the same at least cost without change in quality

D. Breakeven point when machine requires change

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4

Father of industrial engineering is

A. Jack Gilbert

B. Gantt

C. Taylor

D. Newton

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Pick up the incorrect statement from the following. A critical ratio scheduling

A. Establishes the relative priorities among various activities on a common basis

B. Determines the status of each activity

C. Adjusts automatically changes in activity progress

D. None of the above

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Performance rating is equal to

A. Observed performance + normal performance

B. Observed performance - normal performance

C. Observed performance × normal performance

D. None of the above

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Bar charts are suitable for

A. Minor works

B. Major works

C. Large projects

D. All of the above

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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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PERT stands for

A. Programme Estimation and Reporting Technique

B. Process Estimation and Review Technique

C. Programme Evaluation and Review Technique

D. Planning Estimation and Resulting Technique

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Scheduling

A. Prescribes the sequence of operations to be followed

B. Determines the programme for the operations

C. Is concerned with starting of processes

D. Regulates the progress of job through various processes

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In which of the following layouts, the lines need to the balanced

A. Process layout

B. Product layout

C. Fixed position layout

D. Plant layout

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PERT is applied for

A. Marketing programmes and advertising programmes

B. Installation of machinery

C. Research and development of products

D. All of these

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Job enrichment technique is applied to

A. Reduce labour monotony

B. Overcome boring and de-motivating work

C. Make people happy

D. All of the above

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The critical activity has

A. Maximum float

B. Minimum float

C. Zero float

D. Average float

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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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Bin card is used in

A. Administrative wing

B. Workshop

C. Foundry shop

D. Stores

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The main object of scientific layout is

A. To produce better quality of product

B. To utilise maximum floor area

C. To minimise production delays

D. All of these

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The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as

A. Duration

B. Total float

C. Free float

D. Interfering float

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The most important function of inventory control is

A. Stock control system

B. To run the stores effectively

C. Technical responsibility for the state of materials

D. All of the above

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PERT and CPM are

A. Techniques to determine project status

B. Decision making techniques

C. Charts which increase aesthetic appearance of rooms

D. Aids to the decision maker

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The term 'value' in value engineering refers to

A. Total cost of the product

B. Selling price of the product

C. Utility of the product

D. Manufactured cost of the product

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CPM requires

A. Single time estimate

B. Double time estimate

C. Triple time estimate

D. None 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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Critical path moves along the activities having total float of

A. Positive value

B. Negative value

C. Zero value

D. Same value

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The employees provident fund act is applicable to

A. All industries

B. All industries other than small and medium industries

C. Volunteers

D. The industries notified by Government

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The correct sequence of phases in value engineering is

A. Creative phase, information phase, investigation phase, evaluation phase

B. Information phase, creative phase, investigation phase, evaluation phase

C. Investigation phase, information phase, creative phase, evaluation phase

D. Creative phase, investigation phase, evaluation phase, information phase

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Basic motion time study gives times for basic motions in ten thousandths of

A. Second

B. Minute

C. Hour

D. Day

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Which of the following statement is correct about the network diagram?

A. The events are represented graphically by circles or nodes at the beginning and the end of activity by arrows.

B. The tail end of the arrow represents the start of an activity.

C. The head of the arrow represents the end of an activity.

D. All of the above

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A-B-C analysis

A. Is a basic technique of materials management

B. Is meant for relative inventory control

C. Does not depend upon the unit cost of the item but on its annual consumption

D. All of the above

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Pick up the correct statement from the following

A. Programmer evaluation and review technique is event oriented

B. Programmer evaluation and review technique is not event oriented

C. Critical path method is event oriented

D. None of the above