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Which of the following statement is correct?

A. A-B-C analysis is based on Pareto's principle

B. Simulation can be used for inventory control

C. Economic order quantity formula ignores variations in demand pattern

D. All of the above

Correct Answer :

A. A-B-C analysis is based on Pareto's principle


Related Questions

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A low unit cost can be obtained by following

A. Product layout

B. Functional layout

C. Automatic material handling equipment

D. Specialisation of operation

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CPM requires

A. Single time estimate

B. Double time estimate

C. Triple time estimate

D. None of these

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4

Which of the following organisation is preferred in automobile industry?

A. Functional organisation

B. Line organisation

C. Staff organisation

D. Line and staff organisations

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4

PMTP (predetermined motion time systems) include

A. MTM (method time measurement)

B. WFS (work factor systems)

C. BNTS (basic motion time study)

D. All of the above

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4

Activity slack or float of any event on a PERT/CPM chart is represented by

A. Latest start time of succeeding event earliest finish time of preceding event activity time

B. Latest start time of the event earliest start time of the event

C. Latest finish time of event earliest finish time of the event

D. Anyone of the above

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4

The essential condition for the decompression of an activity is that

A. The project time should change due to decompression

B. After decompression the time of an activity invariably exceeds its normal time

C. An activity could be decompressed to the maximum extent of its normal time

D. None of the above

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4

A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the

A. Fixed cost line

B. Variable cost line

C. Total cost line

D. Sales revenue line

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Material handling in automobile industry is done by

A. Overhead crane

B. Trolley

C. Belt conveyor

D. All of the above

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When slack of an activity is positive

A. It represents a situation where extra resources are available and the completion of project is not delayed

B. It represents that a programme falls behind schedule and additional resources are required to complete the project in time

C. The activity is critical and any delay in its performance will delay the completion of whole project

D. Any one of the above

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4

The most important objective behind plant layout is

A. Overall simplification, safety of integration

B. Economy in space

C. Maximum travel time in plant

D. To provide conveniently located shops

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4

Break-even analysis can be used for

A. Short run analysis

B. Long run analysis

C. Average of above two run analysis

D. There is no such criterion

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PERT is the

A. Time oriented technique

B. Event oriented technique

C. Activity oriented technique

D. Target oriented technique

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Slack of various events on the critical path in PERT/CPM chart

A. Increases continuously

B. Decreases continuously

C. Remain constant

D. May increase or decrease depending on various factors

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Probabilistic time for completion of any activity can be found out from

A. Optimistic time

B. Pessimistic time

C. Most likely time

D. All of these

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4

CPM is the

A. Time oriented technique

B. Event oriented technique

C. Activity oriented technique

D. Target oriented technique

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4

According to Muther, the basic principle of best layout is

A. Principle of overall integration

B. Principle of flow

C. Principle of flexibility

D. All of these

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Merit rating is the method of determining the

A. Relative values of a job

B. Workers performance on a job

C. Worth of a machine

D. Value of overall production

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Process layout is also known as

A. Analytical-layout

B. Synthetic layout

C. Static product layout

D. None of these

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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. A standard rating system

B. A merit rating system

C. A job evaluation system

D. His individual performance

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In product layout

A. Specialised and strict supervision is required

B. Machines can not be used to their maximum capacity

C. Manufacturing cost rises with a fall in the volume of production

D. All of the above

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Break-even analysis consists of

A. Fixed expenses

B. Variable cost

C. Sales revenue

D. All of these

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4

The routing function in a production system design is concerned with

A. Manpower utilisation

B. Quality assurance of the product

C. Machine utilisation

D. Optimising material flow through the plant

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Emergency rush order can be pushed more effectively in

A. Job production

B. Automatic production

C. Continuous production

D. Intermittent production

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Percent idle time for men or machines is found by

A. Work sampling

B. Time study

C. Method study

D. Work study

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4

The type of layout used for manufacturing steam turbines, is

A. Product layout

B. Process layout

C. Fixed position layout

D. Any one of these

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4

Which of the following conditions are necessary for applying linear programming?

A. These must be a well defined objective function.

B. The decision variables should be interrelated and nonnegative.

C. The resources must be in limited supply.

D. All of the above

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Standard time as compared to normal time is

A. Greater

B. Smaller

C. Equal

D. There is no such correlation

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In a functional organisation

A. Quality of work is better

B. Wastage of material is minimum

C. Specialised knowledge and guidance to individual worker is provided

D. All of the above

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Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?

A. Emerson efficiency plan

B. Taylor plan

C. Halsey premium plan

D. Gilbert plan

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PERT requires

A. Single time estimate

B. Double time estimate

C. Triple time estimate

D. None of these