Pick up the correct statement from the following
Critical path method is an improvement upon bar chart method
Critical path method provides a realistic approach to the daily problems
Critical path method avoids delays which are very common in bar chart
All of the above
Correct Answer :
D. All of the above
Related Questions
Product layout is used for
Job production
Batch production
Mass production
Any one of these
Which of the following statement is wrong?
An activity consumes time and resources whereas an event does not consume time or resources.
The performance of a specific task is called an activity.
An event is an instantaneous point in time at which an activity begins or ends.
The turning of a job on lathe is an event whereas job turned is an activity.
Performance rating is equal to
Observed performance + normal performance
Observed performance - normal performance
Observed performance × normal performance
None of the above
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)
(to + tp + tn)/3
(to + 2tp + tn)/4
(to + 4tp + tn)/5
(to + tp + 4tn)/6
Probabilistic time for completion of any activity can be found out from
Optimistic time
Pessimistic time
Most likely time
All of these
The process capability of a machine is defined as the capability of the machine to
Produces a definite volume of work per minute
Perform definite number of operations
Produce job at a definite spectrum of speed
Holds a definite spectrum of tolerance and surface finish
Which of the following plans motivates supervisors by paying a premium on time saved by workers?
Halsey plan
Rowan plan
Haynes plan
Emerson's plan
Graphical method, simplex method, and transportation method are concerned with
Breakeven analysis
Value analysis
Linear programming
Queueing theory
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
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
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 standard rating system
A merit rating system
A job evaluation system
His individual performance
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as
Duration
Total float
Free float
Interfering float
The reasons which are basically responsible for the formation of a queue should be that
The average service rate Hess than the average arrival rate
Output rate is linearly proportional to input
Output rate is constant and the input varies in a random manner
All of the above
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
The allowed time for a job equals standard time plus
Policy allowance
Interference allowance
Process allowance
Learning allowance
CPM stands for
Combined Process Method
Critical Path Method
Common Planning Method
Critical Process Method
The most suitable incentive plan for the maintenance section of an industry will be
Piece rate system
Group incentive plan
Profit sharing plans
Simplification
According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)
CAM < DAM
CAM > DAM
CAM = DAM
There is no such criterion
In inventory control, the economic order quantity is the
Optimum lot size
Highest level of inventory
Lot corresponding to breakeven point
Capability of a plant to produce
The grouping of activities into organisational units is called
Corporate plans
Higher level management
Functional authority
Departmentation
Bar chart is suitable for
Large project
Major work
Minor work
All of these
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
In the Halsey 50-50 plan, the following are rewarded more
Past good workers
Past poor workers
Past average workers
All of the above
Break-even analysis can be used for
Short run analysis
Long run analysis
Average of above two run analysis
There is no such criterion
Which of the following layouts is suited for mass production?
Process layout
Product layout
Fixed position layout
Plant layout
The standard time for a job is
Total work content
Base time + relaxation time
Total work content + basic time
Total work content + delay contingency allowance
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
A CPM family includes
CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
CPS (Critical Path Scheduling)
All of the above
Scheduling gives information about
When work should start and how much work should be completed during a certain period
When work should complete
That how idle time can be minimized
Proper utilisation of machines