Process layout is employed
Where low volume of production is required
Where similar jobs are manufactured on similar machines
Where machines are arranged on functional basis
All of the above
Correct Answer :
D. All of the above
Related Questions
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
300
460
500
1000
In time study, the rating factor is applied to determine
Standard time of a job
Merit rating of the worker
Fixation of incentive rate
Normal time of a worker
Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?
Emerson efficiency plan
Taylor plan
Halsey premium plan
Gilbert plan
A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called
Hoist
Jib crane
Portable elevator
Chain conveyor
A dummy activity
Is artificially introduced
Is represented by a dotted line
Does not require any time
All of the above
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
Breakeven analysis consists of
Fixed cost
Variable cost
Fixed and variable costs
Operation 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
In Halsey 50-50 plan, output standards are established
By time study
From previous production records
From one's judgement
All of the above
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then breakeven point is equal to
(F × V)/P
(F × P)/V
F/[1 + (V/P)]
F/[1 - (V/P)]
Choose the wrong statement. Motion study is used for
Improving a work method
Improvising a work method
Designing a work method
Reducing inventory costs
Work study involves
Only method study
Only work measurement
Method study and work measurement
Only motion study
CPM stands for
Combined Process Method
Critical Path Method
Common Planning Method
Critical Process Method
PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
If a worker gets a daily wage of Rs HA, then according to Rowan plan, his maximum daily earnings can be
2 HA
1.33 HA
1.5 HA
1.15 HA
PERT is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
The factors to be considered for production scheduling are
Component design
Route sheet
Time standards
All of these
In jobbing production
Highly skilled workers are needed
Unit costs are high
Operations are labour-intensive
All of these
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
The time which results in the least possible direct cost of an activity is known as
Normal time
Slow time
Crash time
Standard time
In the cost structure of a product, the selling price is determined by the factors such as
Sales turn over
Lowest competitive price
Various elements of the cost
All of the above
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
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
The main advantage of line organisation is its
Effective command and control
Defined responsibilities at all levels
Rigid discipline in the organisation
All of the above
The most suitable incentive plan for the maintenance section of an industry will be
Piece rate system
Group incentive plan
Profit sharing plans
Simplification
The main objective of work measurement is to
Plan and schedule of production
Formulate a proper incentive scheme
Estimate the selling prices and delivery dates
All of the above