Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?
Emerson efficiency plan
Taylor plan
Halsey premium plan
Gilbert plan
Correct Answer :
C. Halsey premium plan
Related Questions
The interchangeability can be achieved by
Standardisation
Better process planning
Bonus plan
Better product planning
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
The product layout
Lowers overall manufacturing time
Requires less space for placing machines
Utilises machine and labour better
All of these
In which of the following layouts, the lines need to the balanced
Process layout
Product layout
Fixed position layout
Plant layout
Choose the wrong statement. Motion study is used for
Improving a work method
Improvising a work method
Designing a work method
Reducing inventory costs
Time study is carried out to determine the time required to complete job by
A slow worker
A fast worker
An average worker
An apprentice
Standing orders which are statutory are applicable to
All industries
All process industries and thermal power plants
Only major industries
All industries employing more than 100 workers
Which one of the following techniques is used for determining allowances in time study?
Acceptance sampling
Linear regression
Performance rating
Work sampling
Activity slack or float of any event on a PERT/CPM chart is represented by
Latest start time of succeeding event earliest finish time of preceding event activity time
Latest start time of the event earliest start time of the event
Latest finish time of event earliest finish time of the event
Anyone of the above
The production scheduling is simpler and high volume of output and high labour efficiency are achieved in the case of
Product layout
Process layout
Fixed position layout
A combination of line and process layout
The work study is done by means of
Planning chart
Process chart
Stop watch
Any one of these
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 standard rating system
A merit rating system
A job evaluation system
His individual performance
The routing function in a production system design is concerned with
Manpower utilisation
Quality assurance of the product
Machine utilisation
Optimising material flow through the plant
The factors to be considered for production scheduling are
Component design
Route sheet
Time standards
All of these
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
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
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
Work sampling is applied for
Estimation of the percentage utilisation of machine tools
Estimating the percentage of the time consumed by various job activities
Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible
All of the above
The probability distribution of project completion in PERT follows following distribution
Normal
Binomial
Exponential
Gaussian
In order to avoid excessive multiplication of facilities, the layout preferred is
Product layout
Process layout
Group layout
Static layout
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
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
Product layout is used for
Job production
Batch production
Mass production
Any one of these
F. W. Taylor introduced a system of organisation known as
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
The assumption in PERT is
A project will always be behind schedule, if left uncorrected
Cost of project will always be more than the estimated cost, if no timely corrections are taken
A project can be subdivided into a set of predictable, independent activities
Activities are fixed and can't be changed
Critical path method
Helps in ascertaining time schedules
Makes better and detailed planning possible
Provides a standard method for communicating project plans schedules and to time and cost performance
All of the above
A-B-C analysis
Is a basic technique of materials management
Is meant for relative inventory control
Does not depend upon the unit cost of the item but on its annual consumption
All of the above
In perpetual inventory control, the material is checked as it reaches its
Minimum value
Maximum value
Average value
Middle value
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique