The most important function of inventory control is
Stock control system
To run the stores effectively
Technical responsibility for the state of materials
All of the above
Correct Answer :
D. All of the above
Related Questions
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
PMTP (predetermined motion time systems) include
MTM (method time measurement)
WFS (work factor systems)
BNTS (basic motion time study)
All of the above
In a line organisation
Responsibility of each individual is fixed
Discipline is strong
Quick decisions are taken
All of these
The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
An event is indicated on the network by
A straight line
A number enclosed in a circle or a square
A straight line with circles at the ends
A dotted line
The objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
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
The amount deducted from the salary of workers towards employees provident fund is
Credited into reserves of company
Deposited in nationalised bank
Deposited in post office
Deposited in the account of worker with Provident Fund Commissioner
Which of the following is independent of sales forecast?
Productivity
Inventory control
Production planning
Production control
Performance rating is equal to
Observed performance + normal performance
Observed performance - normal performance
Observed performance × normal performance
None of the above
M.T.M. is used to
Improve existing methods
Establish time standards
Develop effective methods in advance of the beginning of production
All of the above
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
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
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.
Dummy activities are used to
Determine the critical path
Determine the project completion time
Maintain the required net work
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
Indirect expenses include
Factory expenses
Selling expenses
Administrative expenses
All of these
Breakeven point is the point where
Fixed and variable cost lines intersect
Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
Which one of the following represents a group incentive plan?
Halsey Premium Plan
Lincoln Plan
Rowan Plan
Taylor Plan
Breakeven analysis consists of
Fixed cost
Variable cost
Fixed and variable costs
Operation costs
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
The critical path of a network represents
The minimum time required for completion of project
The maximum time required for completion of project
Maximum cost required for completion of project
Minimum cost required for completion of project
Father of time study was
F.W. Taylor
H.L. Gantt
F.B. Gilbert
R.M. Barnes
Fixed position layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
Which of the following equations is not in conformity with others?
Organisation performance × motivation = profits
Knowledge × skill = ability
Ability × motivation = performance
Attitude × situation = motivation
For handling materials during manufacture of cement, a _________ is widely used.
Belt conveyor
Bucket conveyor
Fork lift truck
Overhead crane
Time study is carried out to determine the time required to complete job by
A slow worker
A fast worker
An average worker
An apprentice
In fixed position layout
Total production cost is less
Material movement is less
Capital investment is minimum
All of these
In steel plant the most important system for materials handling is
Conveyors
Cranes and hoists
Trucks
Locos
The value engineering technique in which experts of the same rank assemble for product development is called
Delphi
Brain storming
Morphological analysis
Direct expert comparison