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Which one of the following represents a group incentive plan?

A. Halsey Premium Plan

B. Lincoln Plan

C. Rowan Plan

D. Taylor Plan

Correct Answer :

B. Lincoln Plan


Related Questions

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The breakeven point represents

A. The most economical level of operation of any industry

B. The time when unit can run without i loss and profit

C. Time when industry will undergo loss

D. The time when company can make maximum profits

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Acceptance sampling is widely used in

A. Batch production

B. Job production

C. Mass production

D. All of the above

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Valve analysis is particularly of interest when

A. Jobbing work economics are involved

B. Production is on large scale

C. Only few components are involved

D. Costly equipment is used

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The performance of a specific task in CPM is known as

A. Dummy

B. Event

C. Activity

D. Contract

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In which of the following layouts, the lines need to the balanced

A. Process layout

B. Product layout

C. Fixed position layout

D. Plant layout

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Inventory control in production, planning and control aims at

A. Achieving optimisation

B. Ensuring against market fluctuations

C. Acceptable customer service at low capital investment in inventory

D. Discounts allowed in bulk purchase

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The determination of standard time in a complex job system is best done through

A. Stop watch time study

B. Analysis of micro-motions

C. Grouping timing technique

D. Analysis of standard data system

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The bonus increases in proportion to the increase in efficiency. This statement applies to

A. Halsey plan

B. Gantt plan

C. Emerson's efficiency plan

D. Rowan plan

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A CPM family includes

A. CPA (Critical Path Analysis)

B. CPP (Critical Path Plotted)

C. CPS (Critical Path Scheduling)

D. All of the above

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The value engineering technique in which experts of the same rank assemble for product development is called

A. Delphi

B. Brain storming

C. Morphological analysis

D. Direct expert comparison

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Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant

A. Sinking fund method

B. Straight line method

C. ABC charging method

D. Annuity charging method

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In time study, the rating factor is applied to determine

A. Standard time of a job

B. Merit rating of the worker

C. Fixation of incentive rate

D. Normal time of a worker

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In perpetual inventory control, the material is checked as it reaches its

A. Minimum value

B. Maximum value

C. Average value

D. Middle value

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Work study comprises following main techniques

A. Method study and work measurement

B. Method study and time study

C. Time study and work measurement

D. Method study and job evaluation

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Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it

A. Consumes time, but no resources

B. Consumes resources but no time

C. Consumes neither time nor resources

D. Is a dangling event

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The unit cost in case of batch production is ________ as compared to jobbing production.

A. Same

B. Low

C. High

D. None of these

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A graphical device used to determine the breakeven point and profit potential under varying conditions of output and costs, is known as

A. Gantt chart

B. Flow chart

C. Breakeven chart

D. PERT chart

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Positive slack on a PERT indicates that project is

A. Ahead of schedule

B. Beyond schedule

C. As per schedule

D. On critical path

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Current assets include

A. Manufacturing plant

B. Manufacturing plant and equipment

C. Inventories

D. Common stock held by the firm

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Pick up the correct statement from the following

A. If the float is positive and the activity is delayed by a period equal to its total float, the completion of project in no delayed

B. If the float of an activity is negative, delay in its performance is bound to delay the completion of project

C. If the float of an activity is zero, the activity is critical and any delay in its performance will delay the whole project

D. All of the above

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The main object of scientific layout is

A. To produce better quality of product

B. To utilise maximum floor area

C. To minimise production delays

D. All of these

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In Halsey 50-50 plan, output standards are established

A. By time study

B. From previous production records

C. From one's judgement

D. All of the above

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Templates are used for

A. A planning layout

B. Flow of material

C. Advancing a programme in automatic machines

D. Copying complicated profiles

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The appellate authority for an industrial dispute is

A. Management

B. Labour court

C. High court/supreme court

D. Board of directors

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Standard time is defined as

A. Normal time + allowances

B. Normal time + idle time + allowances

C. Normal time + idle time

D. Only normal time for an operation

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The most suitable incentive plan for the maintenance section of an industry will be

A. Piece rate system

B. Group incentive plan

C. Profit sharing plans

D. Simplification

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The type of organisation preferred for a steel industry, is

A. Line organisation

B. Functional organisation

C. Line and staff organisation

D. Line, staff and functional organisation

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Which of the following statement is wrong?

A. An activity consumes time and resources whereas an event does not consume time or resources.

B. The performance of a specific task is called an activity.

C. An event is an instantaneous point in time at which an activity begins or ends.

D. The turning of a job on lathe is an event whereas job turned is an activity.

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The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode

A. Early finish

B. Early start

C. Late start

D. Late finish

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Father of industrial engineering is

A. Jack Gilbert

B. Gantt

C. Taylor

D. Newton