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
Correct Answer :
D. All of the above
Related Questions
The salient feature of functional organisation is
Strict adherence to specification
Separation of planning and design part
Each individual maintains functional efficiency
All of the above
The objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
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 time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as
Dry work Plan
Halsey Premium Plan
Taylor Plan
Rowan Plan
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
Rowan Plan
Taylor Differential Piece rate system
Halsey Premium plan
Day work plan
Pessimistic time is
The maximum time which an activity might require
The average time required for a job
The most probable time considering all conditions
The minimum time in which an activity can possibly be accomplished
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
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
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
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
The simplex method is the basic method for
Value analysis
Operation research
Linear programming
Model analysis
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
All of the above
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store
Inflated system
Primary cost method
Current value method
Fixed price method
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
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
Micro-motion study is
Analysis of one stage of motion chart
Motion study, when seen on a time chart
Subdivision of an operation into therbligs and their analysis
Enlarged view of motion study
PERT analysis is based on
Optimistic time
Pessimistic time
Most likely time
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
Actual performance of a task is called
An event
An activity
A duration
None of these
PERT is applied for
Marketing programmes and advertising programmes
Installation of machinery
Research and development of products
All of these
The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as
Event
Free float
Artificial
Dummy
Positive slack on a PERT indicates that project is
Ahead of schedule
Beyond schedule
As per schedule
On critical path
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 Rowan plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
CPM requires
Single time estimate
Double time estimate
Triple time estimate
None of these
Dummy activities are used to
Determine the critical path
Determine the project completion time
Maintain the required net work
None of these
The type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
In the perpetual inventory control, the material is checked when it reaches its
Minimum value
Maximum value
Average value
Alarming value
In the Halsey system of wage incentive plan, a worker is
Paid as per efficiency
Ensured of minimum wages
Not paid any bonus till his efficiency
Never a loser
Slack of various events on the critical path in PERT/CPM chart
Increases continuously
Decreases continuously
Remain constant
May increase or decrease depending on various factors
Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant
Sinking fund method
Straight line method
ABC charging method
Annuity charging method