The two bin system is concerned with
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
Correct Answer :
A. Ordering procedure
Related Questions
For a product layout the material handling equipment must
Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be a general purpose type
Be designed as special purpose for a particular application
Scheduling gives information about
When work should start and how much work should be completed during a certain period
When work should complete
That how idle time can be minimized
Proper utilisation of machines
Discrepancies of bar chart techniques are
Consequential effects of lack in one activity on the finish date
Free time available for an activity can't be predicted
Effective monitoring/controlling can't be done
All of the above
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
Job enrichment technique is applied to
Reduce labour monotony
Overcome boring and de-motivating work
Make people happy
All of the above
In the perpetual inventory control, the material is checked when it reaches its
Minimum value
Maximum value
Average value
Alarming value
Product layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
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
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is
25
50
75
100
Which of the following organisations is best suited for steel plants
Functional organisation
Line organisation
Staff organisation
Line, staff and functional organisations
An optimum project schedule implies
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project
Timely execution of project
To produce best results under given constraints
Which of the following statement is correct?
When slack of an activity is zero, it falls only on critical path.
CPM technique is useful to minimise the direct and indirect expenses.
Critical path of a net work represents the minimum time required for completion of project.
All of the above
Which of the following is independent of sales forecast?
Productivity
Inventory control
Production planning
Production control
Pick up the correct step used for scheduling a project by C.P.M.
A project is divided into various activities
Required time for each activity is established
Sequence of various activities is made according to their importance
All of the above
Performance rating is equal to
Observed performance + normal performance
Observed performance - normal performance
Observed performance × normal performance
None of the above
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
A critical activity has
Maximum slack
Minimum slack
Zero slack
Average slack
According to MAPI formula, the old machine should be replaced by new one when (CAM = Challenger's Adverse minimum DAM = Defender's Adverse minimum)
CAM < DAM
CAM > DAM
CAM = DAM
There is no such criterion
In ABC control policy, maximum attention is given to
Those items which consume money
Those items which are not readily available
Those × items which are in more demand
Those items which consume more money
The linear programming techniques can be applied successfully to industries like
Iron and steel
Food processing
Oil and chemical
All of the above
Basic motion time study gives times for basic motions in ten thousandths of
Second
Minute
Hour
Day
The deductions for, employees provident fund start
Immediately on joining the service
After 60 days of joining the service
After 100 days of joining the service
After 240 days of joining the service
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
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
Time study is
The appraisal, in terms of time, of the value of work involving human effort
Machine setting time
Time taken by workers to do a job
Method of fixing time for workers
Dummy activities are used to
Determine the critical path
Determine the project completion time
Maintain the required net work
None of these
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the
Fixed cost line
Variable cost line
Total cost line
Sales revenue line
Merit Rating is the method of determining worth of
A job
An individual employee
A particular division in workshop
Machine