Statistical quality control techniques are based on the theory of___________________?
(A) quality
(B) statistics
(C) probability
(D) all of the above
(D) none of the above
PERT has following time estimate_________________?
(A) one time estimate
(B) two time estimate
(C) three time estimate
(D) four time estimate
(D) nil time estimate
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
(D) none of the above
In the Halsey system of wage incentive plan, a worker is ________________?
(A) paid as per efficiency
(B) ensured of minimum wages
(C) not paid any bonus till his efficiency
(D) never a loser
(D) induced to do more work
Which one of the following represents a group incentive plan ?
(A) Scanlon Plan
(B) Rowan Plan
(C) Bedaux Plan
(D) Taylor Differential Piece Rate System
(D) Halsey Premium Plan
An optimum project schedule implies_______________?
(A) optimum utilization of men, machines and materials
(B) lowest possible cost and shortest possible time for project
(C) timely execution of project
(D) to produce best results under given constraints
(D) realistic execution time, minimum cost and maximum profits
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
(D) none of the above
Job enrichment technique is applied to_________________?
(A) reduce labour monotony
(B) overcome boring and demotivating work
(C) make people happy
(D) all of the above
(D) none of the above
Current assets include_______________?
(A) manufacturing plant
(B) manufacturing plant and equipment
(C) inventories
(D) common stock held by the firm
(D) all of the above
The amount deducted from the salary of workers towards employees provident fund is_______________?
(A) credited into reserves of company
(B) deposited in nationalised bank
(C) deposited in post office
(D) deposited in the account of worker with employer or Reserve Bank of India
(D) deposited in the account of worker with Provident Fund Commissioner