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
Correct Answer :
D. All of the above
Related Questions
If a worker gets a daily wage of Rs HA, then according to Rowan plan, his maximum daily earnings can be
2 HA
1.33 HA
1.5 HA
1.15 HA
Which of the following layouts is suited for mass production?
Process layout
Product layout
Fixed position layout
Plant layout
The critical path of a network represents
The minimum time required for completion of project
The maximum time required for completion of project
Maximum cost required for completion of project
Minimum cost required for completion of project
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
Father of time study was
F.W. Taylor
H.L. Gantt
F.B. Gilbert
R.M. Barnes
Which of the following statement is correct?
A-B-C analysis is based on Pareto's principle
Simulation can be used for inventory control
Economic order quantity formula ignores variations in demand pattern
All of the above
PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
In PERT analysis, critical path is obtained by joining events having
+ve slack
-ve slack
Zero slack
Dummy activities
F. W. Taylor introduced a system of organisation known as
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
Motion study involves analysis of
Actions of operator
Layout of work place
Tooling and equipment
All of the above
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
Breakeven analysis is a
Short term analysis
Long term analysis
Average of short and long term analysis
Any one of these
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
Pick up the correct statement about relationship between various floats
Free float = total float
Independent float = total float
Independent float > free float
Independent float < free float
CPM has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
Critical path moves along the activities having total float of
Positive value
Negative value
Zero value
Same value
A low unit cost can be obtained by following
Product layout
Functional layout
Automatic material handling equipment
Specialisation of operation
Which of the following organisations is best suited for steel plants
Functional organisation
Line organisation
Staff organisation
Line, staff and functional organisations
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
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
Simplex method is the method used for
Value analysis
Network analysis
Linear programming
Queuing theory
In steel plant the most important system for materials handling is
Conveyors
Cranes and hoists
Trucks
Locos
'Value' for value engineering and analysis purposes is defined as
Purchase value
Saleable value
Depreciated value
Function/cost
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
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
Which of the following layouts is suited to job production?
Process layout
Product layout
Fixed position layout
Plant layout
The two bin system is concerned with
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
The grouping of activities into organisational units is called
Corporate plans
Higher level management
Functional authority
Departmentation
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
Choose the wrong statement Time study is used to
Determine overhead expenses
Provide a basis for setting piece prices or incentive wages
Determine standard costs
Determine the capability of an operator to handle the number of machines