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)
Correct Answer :
B. (Crash Cost - Normal cost)/ (Normal time - Crash time)
Related Questions
Work study is done with the help of
Process chart
Material handling
Stop watch
All of the above
PERT analysis is based on
Optimistic time
Pessimistic time
Most likely time
All of the above
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
The type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
Choose the wrong statement. Motion study is used for
Improving a work method
Improvising a work method
Designing a work method
Reducing inventory costs
Activity slack or float of any event on a PERT/CPM chart is represented by
Latest start time of succeeding event earliest finish time of preceding event activity time
Latest start time of the event earliest start time of the event
Latest finish time of event earliest finish time of the event
Anyone of the above
A dummy activity
Is artificially introduced
Is represented by a dotted line
Does not require any time
All of the above
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
ABC analysis deals with
Analysis of process chart
Flow of material
Ordering schedule of job
Controlling inventory costs money
The most suitable incentive plan for the maintenance section of an industry will be
Piece rate system
Group incentive plan
Profit sharing plans
Simplification
Pick up the correct step used for scheduling a project by C.P.M.
A project is divided into various activities
Required time for each activity is established
Sequence of various activities is made according to their importance
All of the above
Queueing theory deals with problems of
Material handling
Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines
In a line organisation
Responsibility of each individual is fixed
Discipline is strong
Quick decisions are taken
All of these
Gantt chart is used for
Inventory control
Material handling
Production schedule
Machine repair schedules
The appellate authority for an industrial dispute is
Management
Labour court
High court/supreme court
Board of directors
Time study is carried out to determine the time required to complete job by
A slow worker
A fast worker
An average worker
An apprentice
The factors which are to be considered while developing a good wage incentive plan will include
Adequate incentive
Ease of administration
Guaranteed basic pay
All of these
Pick up the incorrect statement about advantages of work sampling
Permits a fine breakdown of activities and delays
Simultaneous study of many operators may be made by a single observer
Calculations are easier, method is economical and less time consuming
No time measuring devices are generally needed
Halsey plan of wage incentive
Is not applied to all level of workers
Is applied to all level of workers
Does not guarantee minimum wage
Is based upon efficiency of worker
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
Breakeven point when machine requires change
Time study is carried out
By finding all the significant informations regarding the job, work place and machine tool etc.
By breaking up each operation into small elements which are measurable with the help of the measuring device accurately
By observing and recording the time taken by the operator for an operation
All of the above
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
Critical path method
Helps in ascertaining time schedules
Makes better and detailed planning possible
Provides a standard method for communicating project plans schedules and to time and cost performance
All of the above
The procedure of modifying work content to give more meaning and enjoyment to the job by involving employees in planning, organisation and control of their work, is termed as
Job enlargement
Job enrichment
Job rotation
Job evaluation
The two bin system is concerned with
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it
The allowed time for a job equals standard time plus
Policy allowance
Interference allowance
Process allowance
Learning allowance
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
PERT requires
Single time estimate
Double time estimate
Triple time estimate
None of these
Pick up the correct statement about relationship between various floats
Free float = total float
Independent float = total float
Independent float > free float
Independent float < free float