When slack of an activity is positive
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
Any one of the above
Correct Answer :
D. Any one of the above
Related Questions
Statistical quality control techniques are based on the theory of
Quality
Statistics
Probability
All of the above
A device used for lifting or lowering objects suspended from a hook at the end of retractable chains or cable is called
Hoist
Jib crane
Portable elevator
Chain conveyor
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be
300
460
500
1000
The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Operation research
Linear programming
Network analysis
Breakeven analysis
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
Expediting function consists in keeping a watch on
Operator's activity
Flow of material and in case of trouble locate source of trouble
Minimising the delays
Making efficient despatching
Job evaluation is the method of determining the
Relative worth of jobs
Skills required by a worker
Contribution of a worker
Contribution of a job
In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
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
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by
AP/C
2AP/C
√(AP/C)
(AP/C)2
O on a PERT/CPM chart represents
An ordinary event
A significant event representing some milestone
An event to be transferred to other network chart
Dangling event
String diagram is used
For checking the relative values of various layouts
When a group of workers are working at a place
Where processes require the operator to be moved from one place to another
All of the above
Micro-motion study is
Enlarged view of motion study
Analysis of one stage of motion study
Minute and detailed motion study
Subdivision of an operation into therbligs and their analysis
Acceptance sampling is used in
Job production
Batch production
Mass production
All of these
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)
(to + tp + tn)/3
(to + 2tp + tn)/4
(to + 4tp + tn)/5
(to + tp + 4tn)/6
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
Service time in queuing theory is usually assumed to follow
Normal distribution
Poissons distribution
Erlang distribution
Exponential law
Pick up the incorrect statement from the following. A critical ratio scheduling
Establishes the relative priorities among various activities on a common basis
Determines the status of each activity
Adjusts automatically changes in activity progress
None of the above
In inventory control, the economic order quantity is the
Optimum lot size
Highest level of inventory
Lot corresponding to breakeven point
Capability of a plant to produce
Motion study involves analysis of
Actions of operator
Layout of work place
Tooling and equipment
All of the above
Product layout is used for
Job production
Batch production
Mass production
Any one of these
The most suitable incentive plan for the maintenance section of an industry will be
Piece rate system
Group incentive plan
Profit sharing plans
Simplification
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
Which of the following layouts is suited to job production?
Process layout
Product layout
Fixed position layout
Plant layout
Military organisation is known as
Line organisation
Line and staff organisation
Functional organisation
All of the above
Standard time as compared to normal time is
Greater
Smaller
Equal
There is no such correlation
One of the basic essentials of an incentive plan is that
A differential piece rate system should exist
Minimum wages should be guaranteed
Provide incentive to group efficiency performance
All standards should be based on time studies