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4

In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:

A. A standard rating system

B. A merit rating system

C. A job evaluation system

D. His individual performance

Correct Answer :

B. A merit rating system


Related Questions

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Work sampling is applied for

A. Estimation of the percentage utilisation of machine tools

B. Estimating the percentage of the time consumed by various job activities

C. Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible

D. All of the above

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Time study is

A. The appraisal, in terms of time, of the value of work involving human effort

B. Machine setting time

C. Time taken by workers to do a job

D. Method of fixing time for workers

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4

Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

A. Sinking fund method

B. Straight line method

C. ABC charging method

D. Annuity charging method

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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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Gantt chart provides information about the

A. Material handling

B. Proper utilisation of manpower

C. Production schedule

D. Efficient working of machine

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For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

A. 300

B. 460

C. 500

D. 1000

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4

The basic difference between PERT and CPM is that

A. PERT deals with events and CPM with activities

B. Critical path is determined in PERT only

C. Costs are considered on CPM only and not in PERT

D. Guessed times are used in PERT and evaluated times in CPM

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4

The value engineering technique in which experts of the same rank assemble for product development is called

A. Delphi

B. Brain storming

C. Morphological analysis

D. Direct expert comparison

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4

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 + [(S - T)/2] × R

C. TR + (S - T) × R

D. TR + [(S - T)/S] × R

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4

Dummy activities are used to

A. Determine the critical path

B. Determine the project completion time

C. Maintain the required net work

D. None of these

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Which one of the following techniques is used for determining allowances in time study?

A. Acceptance sampling

B. Linear regression

C. Performance rating

D. Work sampling

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4

Replacement studies are made on the following basis:

A. Annual cost method

B. Rate of return method

C. Total life average method

D. Any one of the above

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4

Routing is essential in the following type of industry

A. Assembly industry

B. Process industry

C. Job order industry

D. Mass production industry

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4

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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Abbreviated work factor data is applied for

A. Material handling operation

B. Maintenance operation

C. Packing and shipping operation

D. All of these

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4

Which of the following layouts is suited to job production?

A. Process layout

B. Product layout

C. Fixed position layout

D. Plant layout

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4

PMTP (predetermined motion time systems) include

A. MTM (method time measurement)

B. WFS (work factor systems)

C. BNTS (basic motion time study)

D. All of the above

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4

The most important objective behind plant layout is

A. Overall simplification, safety of integration

B. Economy in space

C. Maximum travel time in plant

D. To provide conveniently located shops

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Time study is carried out to determine the time required to complete job by

A. A slow worker

B. A fast worker

C. An average worker

D. An apprentice

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4

PERT/CPM, techniques can be used for following applications

A. Once through project

B. Maintenance jobs

C. Research and development

D. All of the above

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Break-even analysis shows profit when

A. Sales revenue > total cost

B. Sales revenue = total cost

C. Sales revenue < total cost

D. Variable cost < fixed cost

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Merit Rating is the method of determining worth of

A. A job

B. An individual employee

C. A particular division in workshop

D. Machine

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4

Pessimistic time is

A. The maximum time which an activity might require

B. The average time required for a job

C. The most probable time considering all conditions

D. The minimum time in which an activity can possibly be accomplished

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4

Tick the odd man out

A. Taylor

B. Drucker

C. McGregor

D. Galileo

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4

The critical path of a network represents

A. The minimum time required for completion of project

B. The maximum time required for completion of project

C. Maximum cost required for completion of project

D. Minimum cost required for completion of project

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4

The deductions for, employees provident fund start

A. Immediately on joining the service

B. After 60 days of joining the service

C. After 100 days of joining the service

D. After 240 days of joining the service

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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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Which of the following is not wage incentive plan?

A. Differential piece rate system

B. Rowan plan

C. Emerson plan

D. Taylor plan

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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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The product layout

A. Lowers overall manufacturing time

B. Requires less space for placing machines

C. Utilises machine and labour better

D. All of these