The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
Correct Answer :
B. Producing more with the same inputs
Related Questions
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
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these
Work study is mainly aimed at
Determining the most efficient method of performing a job
Establishing the minimum time of completion of a job
Developing the standard method and standard time of a job
Economising the motions involved on the part of the worker while performing a job
Time study is used to
Determine standard costs
Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the above
Monte Carlo solutions in queuing theory are extremely useful in queuing problems
That can't be analysed mathematically
Involving multistage queuing
To verify mathematical results
All of the above
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
Micro-motion study involves following number of fundamental hand motions
8
12
16
20
In process layout
Handling and backtracking of materials is too much
Production control is more difficult and costly
Routing and scheduling is more difficult
All of the above
The process layout is best suited where
Specialisation exists
Machines are arranged according to sequence of operation
Few number of non-standardised units is to be produced
Mass production is envisaged
Activity slack or float of any event on a PERT/CPM chart is represented by
Latest start time of succeeding event earliest finish time of preceding event activity time
Latest start time of the event earliest start time of the event
Latest finish time of event earliest finish time of the event
Anyone of the above
The determination of standard time in a complex job system is best done through
Stop watch time study
Analysis of micro-motions
Grouping timing technique
Analysis of standard data system
PERT is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
Critical Path Net Work helps an engineer
To concentrate his attention on critical activities
To divert the resources from noncritical advanced activities to critical activities
To be cautious for avoiding any delay in the critical activities to avoid delay of the whole project
All of the above
Work study involves
Only method study
Only work measurement
Method study and work measurement
Only motion study
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
In perpetual inventory control, the material is checked as it reaches its
Minimum value
Maximum value
Average value
Middle value
CPM is
Synthesising in concepts
Is built of activities oriented programmes
Is used for repetitive works
All of the above
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
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
The technique of value analysis can be applied to
Complicated items only
Simple items only
Crash programmer items only
Any item
The technique for establishing and maintaining priorities among the various jobs of any project is known as
Event flow scheduling technique
Critical ratio scheduling
Slotting technique for scheduling
Short interval scheduling
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
Halsey plan
Gantt plan
Rowan plan
Emerson's efficiency plan
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
Product layout is best suited where
One type of product is produced
Product is standardised
Product is manufactured in large quantities
All of the above
Micro motion study is
Analysis of a man-work method by using a motion picture camera with a timing device in the field of view
Motion study observed on enhanced time intervals
Motion study of a sequence of operations conducted systematically
Study of man and machine conducted simultaneously
What does symbol 'O' imply in work study?
Operation
Inspection
Transport
Delay/temporary storage
Routing assists engineers in deciding in advance
The flow of material in the plant
The methods of proper utilization of manpower
The methods of proper utilization of machines
The layout of factory facilities
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
Pick up the incorrect statement about advantages of work sampling
Permits a fine breakdown of activities and delays
Simultaneous study of many operators may be made by a single observer
Calculations are easier, method is economical and less time consuming
No time measuring devices are generally needed