In the cost structure of a product, the selling price is determined by the factors such as

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In the cost structure of a product, the selling price is determined by the factors such as

A. Sales turn over

B. Lowest competitive price

C. Various elements of the cost

D. All of the above

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A milestone chart

A. Shows the inter dependences of various jobs

B. Depicts the delay of jobs, if any

C. Points outgoing ahead of schedule of jobs, if any

D. None of the above

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In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches

A. 50 %

B. 66.67 %

C. 75 %

D. 80 %

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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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Standing orders which are statutory are applicable to

A. All industries

B. All process industries and thermal power plants

C. Only major industries

D. All industries employing more than 100 workers

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Material handling in automobile industry is done by

A. Overhead crane

B. Trolley

C. Belt conveyor

D. All of the above

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Work study is mainly aimed at

A. Determining the most efficient method of performing a job

B. Establishing the minimum time of completion of a job

C. Developing the standard method and standard time of a job

D. Economising the motions involved on the part of the worker while performing a job

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Work study is done with the help of

A. Process chart

B. Material handling

C. Stop watch

D. All of the above

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One of the basic essentials of an incentive plan is that

A. A differential piece rate system should exist

B. Minimum wages should be guaranteed

C. Provide incentive to group efficiency performance

D. All standards should be based on time studies

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Graphical method, simplex method, and transportation method are concerned with

A. Breakeven analysis

B. Value analysis

C. Linear programming

D. Queueing theory

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Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

A. Halsey plan

B. Gantt plan

C. Rowan plan

D. Emerson's efficiency plan

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The interchangeability can be achieved by

A. Standardisation

B. Better process planning

C. Bonus plan

D. Better product planning

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If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

A. Latest start time earliest start time

B. Latest finish time earliest finish time (EFT)

C. TLEFT

D. All of the above

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In CPM, the cost slope is determined by

A. Crash cost/Normal Cost

B. (Crash Cost - Normal cost)/ (Normal time - Crash time)

C. Normal Cost/Crash cost

D. (Normal cost - Crash cost)/ (Normal time - Crash time)

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The probabilistic time is given by (where t_o = Optimistic time, t_p = Pessimistic time, and t_n = Most likely time)

A. (t_o + t_p + t_n)/3

B. (t_o + 2t_p + t_n)/4

C. (t_o + 4t_p + t_n)/5

D. (t_o + t_p + 4t_n)/6

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Choose the wrong statement. Motion study is used for

A. Improving a work method

B. Improvising a work method

C. Designing a work method

D. Reducing inventory costs

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In the cost structure of a product, the selling price is determined by the factors such as

A. Sales turn over

B. Lowest competitive price

C. Various elements of the cost

D. All of the above

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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

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The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as

A. Event

B. Free float

C. Artificial

D. Dummy

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In a functional organisation

A. Quality of work is better

B. Wastage of material is minimum

C. Specialised knowledge and guidance to individual worker is provided

D. All of the above

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Acceptance sampling is widely used in

A. Batch production

B. Job production

C. Mass production

D. All of the above

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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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In Emerson's efficiency 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

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The allowed time for a job equals standard time plus

A. Policy allowance

B. Interference allowance

C. Process allowance

D. Learning allowance

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Scheduling gives information about

A. When work should start and how much work should be completed during a certain period

B. When work should complete

C. That how idle time can be minimized

D. Proper utilisation of machines

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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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String diagram is used

A. For checking the relative values of various layouts

B. When a group of workers are working at a place

C. Where processes require the operator to be moved from one place to another

D. All of the above

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A-B-C analysis is used in

A. CPM

B. PERT

C. Inventory control

D. All of these

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A systematic job improvement sequence will consist of

A. Motion study

B. Time study

C. Job enrichment

D. All of these

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Which of the following equations is not in conformity with others?

A. Organisation performance × motivation = profits

B. Knowledge × skill = ability

C. Ability × motivation = performance

D. Attitude × situation = motivation

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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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Accepted Answer

D. All of the above

In the cost structure of a product, the selling price is determined by the factors such as

Correct Answer :

Show all Industrial Engineering & Production Management Test MCQ

Related Questions

A milestone chart

In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches

Time study is

Standing orders which are statutory are applicable to

Material handling in automobile industry is done by

Work study is mainly aimed at

Work study is done with the help of

One of the basic essentials of an incentive plan is that

Graphical method, simplex method, and transportation method are concerned with

Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

The interchangeability can be achieved by

If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

In CPM, the cost slope is determined by

The probabilistic time is given by (where t_o = Optimistic time, t_p = Pessimistic time, and t_n = Most likely time)

Choose the wrong statement. Motion study is used for

In the cost structure of a product, the selling price is determined by the factors such as

O on a PERT/CPM chart represents

The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as

In a functional organisation

Acceptance sampling is widely used in

The critical path of a network represents

In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker

The allowed time for a job equals standard time plus

Scheduling gives information about

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

String diagram is used

A-B-C analysis is used in

A systematic job improvement sequence will consist of

Which of the following equations is not in conformity with others?

Value engineering aims at finding out the

Also checkout

In the cost structure of a product, the selling price is determined by the factors such as

Correct Answer :

Show all Industrial Engineering & Production Management Test MCQ

Related Questions

A milestone chart

In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches

Time study is

Standing orders which are statutory are applicable to

Material handling in automobile industry is done by

Work study is mainly aimed at

Work study is done with the help of

One of the basic essentials of an incentive plan is that

Graphical method, simplex method, and transportation method are concerned with

Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

The interchangeability can be achieved by

If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

In CPM, the cost slope is determined by

The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)

Choose the wrong statement. Motion study is used for

In the cost structure of a product, the selling price is determined by the factors such as

O on a PERT/CPM chart represents

The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as

In a functional organisation

Acceptance sampling is widely used in

The critical path of a network represents

In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker

The allowed time for a job equals standard time plus

Scheduling gives information about

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

String diagram is used

A-B-C analysis is used in

A systematic job improvement sequence will consist of

Which of the following equations is not in conformity with others?

Value engineering aims at finding out the

Also checkout

The probabilistic time is given by (where t_o = Optimistic time, t_p = Pessimistic time, and t_n = Most likely time)