In order that linear programming techniques provide valid results
Relations between factors must be linear (positive)
Relations between factors must be linear (negative)
Either (A) or (B)
Only one factor should change at a time, others remaining constant
Correct Answer :
C. Either (A) or (B)
Related Questions
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
Work study involves
Only method study
Only work measurement
Method study and work measurement
Only motion study
Production cost refers to prime cost plus
Factory overheads
Factory and administration overheads
Factory, administration and sales overheads
Factory, administration, sales overheads and profit
Product layout is used for
Job production
Batch production
Mass production
Any one of these
Bar chart is suitable for
Large project
Major work
Minor work
All of these
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.
One-fourth
One-half
Equal to
Twice
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
PERT has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
In ABC control policy, maximum attention is given to
Those items which consume money
Those items which are not readily available
Those × items which are in more demand
Those items which consume more money
Choose the wrong statement. Motion study is used for
Improving a work method
Improvising a work method
Designing a work method
Reducing inventory costs
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
The time which results in the least possible direct cost of an activity is known as
Normal time
Slow time
Crash time
Standard time
Gantt chart gives information about
Scheduling and routing
Sales
Production schedule
Machine utilisation
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
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
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
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
Abbreviated work factor data is applied for
Material handling operation
Maintenance operation
Packing and shipping operation
All of these
Templates are used for
A planning layout
Flow of material
Advancing a programme in automatic machines
Copying complicated profiles
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the
Fixed cost line
Variable cost line
Total cost line
Sales revenue line
Pick up the incorrect statement from the following
An activity of the project is denoted by an arrow on the net work
The tail of the arrow indicates the start of the activity
The head of the arrow indicates the end of the activity
The arrows are drawn (to scale from) left to right
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
Standard time as compared to normal time is
Greater
Smaller
Equal
There is no such correlation
The allowed time for a job equals standard time plus
Policy allowance
Interference allowance
Process allowance
Learning allowance
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as
Rowan Plan
Taylor Differential Piece rate system
Halsey Premium plan
Day work plan
Earliest finish time can be regarded as
Earliest start time + duration of activity
Earliest start time duration of activity
Latest finish time + duration of activity
Latest finish time duration of activity
Slack of various events on the critical path in PERT/CPM chart
Increases continuously
Decreases continuously
Remain constant
May increase or decrease depending on various factors
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
The start or completion of task is called
An event
An activity
A duration
None of these