Value engineering aims at finding out the
Depreciation value of a product
Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Breakeven point when machine requires change
Correct Answer :
C. Major function of the item and accomplishing the same at least cost without change in quality
Related Questions
Basic motion time study gives times for basic motions in ten thousandths of
Second
Minute
Hour
Day
In fixed position layout
Total production cost is less
Material movement is less
Capital investment is minimum
All of these
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
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
Pick up the correct statement from the following
If the float is positive and the activity is delayed by a period equal to its total float, the completion of project in no delayed
If the float of an activity is negative, delay in its performance is bound to delay the completion of project
If the float of an activity is zero, the activity is critical and any delay in its performance will delay the whole project
All of the above
Work study is done with the help of
Process chart
Material handling
Stop watch
All of the above
A dummy activity in a net work diagram
Is represented by a dotted line
Is an artificial activity
Does not consume time or resources
All of these
What does symbol 'D' imply in work study?
Inspection
Transport
Delay/temporary storage
Permanent storage
At the breakeven point,
Total cost is more than the sales revenue
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Fixed cost is equal to variable cost
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
For material transportation, conveyors are used when the prevailing conditions include
Loads are uniform
Routes do not vary
Materials move relatively continuously
All of these
The main disadvantage of line organisation is
Top level executives have to do excessive work
Structure is rigid
Communication delays occur
All of the above
Routing prescribes the
Flow of material in the plant
Proper utilization of man power
Proper utilization of machines
Inspection of final product
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
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
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
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
Frederick W. Taylor introduced a system of working known as
Line organisation
Line and staff organisation
Functional organisation
Effective organisation
CPM has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
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
A critical activity has
Maximum slack
Minimum slack
Zero slack
Average slack
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
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
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Which one of the following chart gives simultaneously information about the progress of work and machine loading?
Process chart
Machine load chart
Man-machine chart
Gantt chart
The performance of a specific task in CPM is known as
Dummy
Event
Activity
Contract
PERT and CPM are
Techniques to determine project status
Decision making techniques
Charts which increase aesthetic appearance of rooms
Aids to the decision maker
Fixed position layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
The main objective of work measurement is to
Plan and schedule of production
Formulate a proper incentive scheme
Estimate the selling prices and delivery dates
All of the above
The critical activity has
Maximum float
Minimum float
Zero float
Average float