Practice Test: Question Set - 15
1. The linear programming techniques can be applied successfully to industries like
- (A) Iron and steel
- (B) Food processing
- (C) Oil and chemical
- (D) All of the above
2. A critical activity has
- (A) Maximum
slack
- (B) Minimum slack
- (C) Zero slack
- (D) Average
slack
3. A dummy activity
- (A) Is artificially
introduced
- (B) Is represented by a
dotted line
- (C) Does not require any
time
- (D) All of the above
4. The important file in making a PERT is
- (A) An event can't be
accomplished until activities leading to it are completed
- (B) No activity from any
event can be started from preceding event till it is completed
- (C) Length of arrow has nothing to do with time
- (D) All of the above
5. 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
6. Inventory management consists of
- (A) Effective running of
stores
- (B) State of merchandise methods of storing and
maintenance etc.
- (C) Stock control system
- (D) All of the above
7. Dispatching
- (A) Prescribes
the sequence of operations to be followed
- (B) Determines
the programme for the operations
- (C) Is
concerned with the starting of processes
- (D) Regulates
the progress of job through various processes
8. Work study is most useful
- (A) Where production
activities are involved
- (B) In judging the rating
of machines
- (C) In improving
industrial relations
- (D) In judging the output of a man and
improving it
9. The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)
- (A) (to + tp + tn)/3
- (B) (to + 2tp + tn)/4
- (C) (to + 4tp + tn)/5
- (D) (to + tp + 4tn)/6
10. The process layout is best suited where
- (A) Specialization exists
- (B) Machines are arranged
according to sequence of operation
- (C) Few number of
non-standardized units is to be produced
- (D) Mass production is
envisaged
11. In CPM, the cost slope is determined by
- (A) Crash
cost/Normal Cost
- (B) (Crash Cost
- Normal cost)/ (Normal time - Crash time)
- (C) Normal
Cost/Crash cost
- (D) (Normal cost
- Crash cost)/ (Normal time - Crash time)
12. Current assets include
- (A) Manufacturing plant
- (B) Manufacturing plant
and equipment
- (C) Inventories
- (D) Common stock held by
the firm
13. The correct sequence of phases in value engineering is
- (A) Creative
phase, information phase, investigation phase, evaluation phase
- (B) Information
phase, creative phase, investigation phase, evaluation phase
- (C) Investigation
phase, information phase, creative phase, evaluation phase
- (D) Creative
phase, investigation phase, evaluation phase, information phase
14. String diagram is used
- (A) For checking the
relative values of various layouts
- (B) When a group of
workers are working at a place
- (C) Where processes
require the operator to be moved from one place to another
- (D) All of the above
15. Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is
- (A) 25
- (B) 50
- (C) 75
- (D) 100
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