The factors which are to be considered while developing a good wage incentive plan will include
Adequate incentive
Ease of administration
Guaranteed basic pay
All of these
Correct Answer :
D. All of these
Related Questions
An activity of the project is graphically represented by ________ on the network diagram.
A circle
A straight line
An arrow
None of these
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
PERT requires
Single time estimate
Double time estimate
Triple time estimate
None of these
In PERT analysis, critical path is obtained by joining events having
+ve slack
-ve slack
Zero slack
Dummy activities
Which of the following equations is not in conformity with others?
Organisation performance × motivation = profits
Knowledge × skill = ability
Ability × motivation = performance
Attitude × situation = motivation
PERT/CPM, techniques can be used for following applications
Once through project
Maintenance jobs
Research and development
All of the above
The difference between the time available to do the job and the time required to do the job, is known as
Event
Float
Duration
Constraint
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
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
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
PERT analysis is based on
Optimistic time
Pessimistic time
Most likely time
All of the above
Travel charts are used to
Analyse material handling
Determine inventory control difficulties
Plan material handling procedure and routes
All of the above
In order to avoid excessive multiplication of facilities, the layout preferred is
Product layout
Process layout
Group layout
Static layout
Work study is concerned with
Improving present method and finding standard time
Motivation of workers
Improving production capability
Improving production planning and control
Service time in queuing theory is usually assumed to follow
Normal distribution
Poissons distribution
Erlang distribution
Exponential law
When slack of an activity is negative
It represents a situation where extra resources are available and the completion of project is not delayed
It represents that a programme falls behind schedule and additional resources are required to complete the project in time
The activity is critical and any delay in its performance will delay the completion of whole project
All of the above
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
Military organisation is known as
Line organisation
Line and staff organisation
Functional organisation
All of the above
Pick up the correct statement from the following
If the float is positive and the activity is delayed by a period equal to its total float, the completion of project in no delayed
If the float of an activity is negative, delay in its performance is bound to delay the completion of project
If the float of an activity is zero, the activity is critical and any delay in its performance will delay the whole project
All of the above
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by
AP/C
2AP/C
√(AP/C)
(AP/C)2
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
Which of the following layouts is suited to job production?
Process layout
Product layout
Fixed position layout
Plant layout
Material handling and plant location is analysed by
Gantt chart
Bin chart
Emerson chart
Travel chart
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
In the perpetual inventory control, the material is checked when it reaches its
Minimum value
Maximum value
Average value
Alarming value
Process layout is also known as
Analytical-layout
Synthetic layout
Static product layout
None of these
Routing
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes
Regulates the progress of job through various processes
In product layout
Specialised and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
All of the above
Abbreviated work factor data is applied for
Material handling operation
Maintenance operation
Packing and shipping operation
All of these