Home
Current Affairs January 2024

What is the correct answer?

4

In perpetual inventory control, the material is checked as it reaches its

A. Minimum value

B. Maximum value

C. Average value

D. Middle value

Correct Answer :

A. Minimum value


Related Questions

What is the correct answer?

4

Probabilistic time for completion of any activity can be found out from

A. Optimistic time

B. Pessimistic time

C. Most likely time

D. All of these

What is the correct answer?

4

For material transportation, conveyors are used when the prevailing conditions include

A. Loads are uniform

B. Routes do not vary

C. Materials move relatively continuously

D. All of these

What is the correct answer?

4

The production cost per unit can be reduced by

A. Producing more with increased inputs

B. Producing more with the same inputs

C. Eliminating idle time

D. Minimising resource waste

What is the correct answer?

4

The work study is done by means of

A. Planning chart

B. Process chart

C. Stop watch

D. Any one of these

What is the correct answer?

4

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

What is the correct answer?

4

Motion study involves analysis of

A. Actions of operator

B. Layout of work place

C. Tooling and equipment

D. All of the above

What is the correct answer?

4

For a product layout the material handling equipment must

A. Have full flexibility

B. Employ conveyor belts, trucks, tractors etc.

C. Be a general purpose type

D. Be designed as special purpose for a particular application

What is the correct answer?

4

Queuing theory is associated with

A. Sales

B. Inspection time

C. Waiting time

D. Production time

What is the correct answer?

4

The most suitable incentive plan for the maintenance section of an industry will be

A. Piece rate system

B. Group incentive plan

C. Profit sharing plans

D. Simplification

What is the correct answer?

4

The bonus increases in proportion to the increase in efficiency. This statement applies to

A. Halsey plan

B. Gantt plan

C. Emerson's efficiency plan

D. Rowan plan

What is the correct answer?

4

Acceptance sampling is used in

A. Job production

B. Batch production

C. Mass production

D. All of these

What is the correct answer?

4

In the Halsey 50-50 plan, the following are rewarded more

A. Past good workers

B. Past poor workers

C. Past average workers

D. All of the above

What is the correct answer?

4

The reasons which are basically responsible for the formation of a queue should be that

A. The average service rate Hess than the average arrival rate

B. Output rate is linearly proportional to input

C. Output rate is constant and the input varies in a random manner

D. All of the above

What is the correct answer?

4

A-B-C analysis is used in

A. CPM

B. PERT

C. Inventory control

D. All of these

What is the correct answer?

4

Choose the wrong statement Time study is used to

A. Determine overhead expenses

B. Provide a basis for setting piece prices or incentive wages

C. Determine standard costs

D. Determine the capability of an operator to handle the number of machines

What is the correct answer?

4

Emergency rush order can be pushed more effectively in

A. Job production

B. Automatic production

C. Continuous production

D. Intermittent production

What is the correct answer?

4

The first method invented for planning projects was

A. Bar chart method

B. Milestone chart

C. Critical path method (CPM)

D. Programme evaluation and review technique (PERT)

What is the correct answer?

4

According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)

A. CAM < DAM

B. CAM > DAM

C. CAM = DAM

D. There is no such criterion

What is the correct answer?

4

The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode

A. Early finish

B. Early start

C. Late start

D. Late finish

What is the correct answer?

4

O on a PERT/CPM chart represents

A. An ordinary event

B. A significant event representing some milestone

C. An event to be transferred to other network chart

D. Dangling event

What is the correct answer?

4

Process layout is employed for

A. Batch production

B. Continuous type of product

C. Effective utilisation of machines

D. All of the above

What is the correct answer?

4

Inventory management consists of

A. Effective running of stores

B. State of merchandise methods of storing and maintenance etc.

C. Stock control system

D. All of the above

What is the correct answer?

4

Travel charts are used to

A. Analyse material handling

B. Determine inventory control difficulties

C. Plan material handling procedure and routes

D. All of the above

What is the correct answer?

4

'Value' for value engineering and analysis purposes is defined as

A. Purchase value

B. Saleable value

C. Depreciated value

D. Function/cost

What is the correct answer?

4

According to Rowan plan of wage incentive system, bonus is paid to a worker

A. Whose output exceeds 67% efficiency

B. On the percentage of time saved

C. On the percentage of time worked

D. On the percentage of standard time

What is the correct answer?

4

The purpose of micro-motion study is to

A. Assist in finding out the most efficient way of doing work

B. Train the individual operator regarding the motion economy principles

C. Help in collecting the motion time data for synthetic time standards

D. All of the above

What is the correct answer?

4

The production scheduling is simpler and high volume of output and high labour efficiency are achieved in the case of

A. Product layout

B. Process layout

C. Fixed position layout

D. A combination of line and process layout

What is the correct answer?

4

Time study is used to

A. Determine standard costs

B. Determine the number of machines a person may run

C. Provide a basis for setting piece price or incentive wages

D. All of the above

What is the correct answer?

4

Military organisation is known as

A. Line organisation

B. Line and staff organisation

C. Functional organisation

D. All of the above

What is the correct answer?

4

The technique for establishing and maintaining priorities among the various jobs of any project is known as

A. Event flow scheduling technique

B. Critical ratio scheduling

C. Slotting technique for scheduling

D. Short interval scheduling