Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
Halsey plan
Gantt plan
Rowan plan
Emerson's efficiency plan
Correct Answer :
A. Halsey plan
Related Questions
The allowed time for a job equals standard time plus
Policy allowance
Interference allowance
Process allowance
Learning allowance
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is
0.50
0.66
0.84
0.95
Bar chart is suitable for
Large project
Major work
Minor work
All of these
The value engineering technique in which experts of the same rank assemble for product development is called
Delphi
Brain storming
Morphological analysis
Direct expert comparison
In order to avoid excessive multiplication of facilities, the layout preferred is
Product layout
Process layout
Group layout
Static layout
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
PERT requires
Single time estimate
Double time estimate
Triple time estimate
None of these
PERT is
An analytic tool in concept
Limit up of event oriented diagrams
Used for research and development projects
All of the above
Bin card is used in
Administrative wing
Workshop
Foundry shop
Stores
A CPM family includes
CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
CPS (Critical Path Scheduling)
All 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
In product layout
Specialised and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production
All of the above
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
Which of the following type of layout is suitable for automobile manufacturing concern?
Product layout
Process layout
Fixed position layout
Combination layout
The first method invented for planning projects was
Bar chart method
Milestone chart
Critical path method (CPM)
Programme evaluation and review technique (PERT)
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
Process layout is also known as
Analytical-layout
Synthetic layout
Static product layout
None of these
For ship vessel industry the following layout is best suited
Process layout
Product layout
Fixed position layout
Plant layout
Time study is
The appraisal, in terms of time, of the value of work involving human effort
Machine setting time
Time taken by workers to do a job
Method of fixing time for workers
In the cost structure of a product, the selling price is determined by the factors such as
Sales turn over
Lowest competitive price
Various elements of the cost
All of the above
Travel charts provide
An idea of the flow of materials at various stages
A compact estimate of the handling which must be done between various work sections
The information for changes required in rearranging material handling equipment
An approximate estimate of the handling which must be done at a particular station
F. W. Taylor introduced a system of organisation known as
Line organisation
Functional organisation
Line and staff organisation
Line, staff and functional organisation
Gantt chart provides information about the
Material handling
Proper utilisation of manpower
Production schedule
Efficient working of machine
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.
One-fourth
One-half
Equal to
Twice
For a product layout the material handling equipment must
Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be a general purpose type
Be designed as special purpose for a particular application
Slack represents the difference between the
Latest allowable time and the normal expected time
Latest allowable time and the earliest expected time
Proposed allowable time and the earliest expected time
Normal allowable time and the latest expected time
PERT has following time estimate
One time estimate
Two time estimate
Three time estimate
Four time estimate
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
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