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The technique for establishing and maintaining priorities among the various jobs of any project is known as

A. Event flow scheduling technique

B. Critical ratio scheduling

C. Slotting technique for scheduling

D. Short interval scheduling

Correct Answer :

B. Critical ratio scheduling


Related Questions

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The main advantage of line organisation is its

A. Effective command and control

B. Defined responsibilities at all levels

C. Rigid discipline in the organisation

D. All of the above

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The time by which the activity completion time can be delayed without affecting the start of succeeding activities, is known as

A. Duration

B. Total float

C. Free float

D. Interfering float

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Production cost refers to prime cost plus

A. Factory overheads

B. Factory and administration overheads

C. Factory, administration and sales overheads

D. Factory, administration, sales overheads and profit

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Indirect expenses include

A. Factory expenses

B. Selling expenses

C. Administrative expenses

D. All of these

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Valve analysis is particularly of interest when

A. Jobbing work economics are involved

B. Production is on large scale

C. Only few components are involved

D. Costly equipment is used

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The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as

A. Rowan Plan

B. Taylor Differential Piece rate system

C. Halsey Premium plan

D. Day work plan

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In breakeven analysis, total cost consists of

A. Fixed cost

B. Variable cost

C. Fixed cost + variable cost

D. Fixed cost + variable cost + overheads

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PERT and CPM are

A. Techniques to determine project status

B. Decision making techniques

C. Charts which increase aesthetic appearance of rooms

D. Aids to the decision maker

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A dummy activity

A. Is artificially introduced

B. Is represented by a dotted line

C. Does not require any time

D. All of the above

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The breakeven point represents

A. The most economical level of operation of any industry

B. The time when unit can run without i loss and profit

C. Time when industry will undergo loss

D. The time when company can make maximum profits

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Merit rating is the method of determining the

A. Relative values of a job

B. Workers performance on a job

C. Worth of a machine

D. Value of overall production

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Break-even analysis consists of

A. Fixed expenses

B. Variable cost

C. Sales revenue

D. All of these

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Emergency rush order can be pushed more effectively in

A. Job production

B. Automatic production

C. Continuous production

D. Intermittent production

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Time study is carried out to determine the time required to complete job by

A. A slow worker

B. A fast worker

C. An average worker

D. An apprentice

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Micro motion study is

A. Analysis of a man-work method by using a motion picture camera with a timing device in the field of view

B. Motion study observed on enhanced time intervals

C. Motion study of a sequence of operations conducted systematically

D. Study of man and machine conducted simultaneously

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A-B-C analysis is used in

A. CPM

B. PERT

C. Inventory control

D. All of these

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In which of the following layouts, the lines need to the balanced

A. Process layout

B. Product layout

C. Fixed position layout

D. Plant layout

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For ship vessel industry the following layout is best suited

A. Process layout

B. Product layout

C. Fixed position layout

D. Plant layout

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Micro-motion study is

A. Enlarged view of motion study

B. Analysis of one stage of motion study

C. Minute and detailed motion study

D. Subdivision of an operation into therbligs and their analysis

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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. A standard rating system

B. A merit rating system

C. A job evaluation system

D. His individual performance

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PERT

A. Provides an approach for keeping planning up-to-date

B. Provides a way for management to require that planning be done on a uniform and logical basis

C. Permits management to foresee quickly the impact of variations from the plan

D. All of the above

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Job evaluation is the method of determining the

A. Relative worth of jobs

B. Skills required by a worker

C. Contribution of a worker

D. Contribution of a job

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An event is indicated on the network by

A. A straight line

B. A number enclosed in a circle or a square

C. A straight line with circles at the ends

D. A dotted line

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String diagram is used when

A. Team of workers is working at a place

B. Material handling is to be done

C. Idle time is to be reduced

D. All of the above

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Pick up the correct step used for scheduling a project by C.P.M.

A. A project is divided into various activities

B. Required time for each activity is established

C. Sequence of various activities is made according to their importance

D. All of the above

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An optimum project schedule implies

A. Optimum utilization of men, machines and materials

B. Lowest possible cost and shortest possible time for project

C. Timely execution of project

D. To produce best results under given constraints

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Inventory control in production, planning and control aims at

A. Achieving optimisation

B. Ensuring against market fluctuations

C. Acceptable customer service at low capital investment in inventory

D. Discounts allowed in bulk purchase

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Value engineering aims at finding out the

A. Depreciation value of a product

B. Resale value of a product

C. Major function of the item and accomplishing the same at least cost without change in quality

D. Breakeven point when machine requires change

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One of the basic essentials of an incentive plan is that

A. A differential piece rate system should exist

B. Minimum wages should be guaranteed

C. Provide incentive to group efficiency performance

D. All standards should be based on time studies

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Father of time study was

A. F.W. Taylor

B. H.L. Gantt

C. F.B. Gilbert

D. R.M. Barnes