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11
Direct expenses include
Discuss
Answer & Solution
Answer: Option D
Solution:
Direct expense is an expense incurred that varies directly with changes in the volume of a cost object.
A cost object is any item for which you are measuring expenses, such as products, product lines, services, sales regions, employees, and customers.
The materials used to construct a product for sale.
12
Indirect expenses include
Discuss
Answer & Solution
Answer: Option D
Solution:
Examples of indirect expenses include:
salaries,insurance,depreciation of equipment,equipment maintenance,facility rent,office supplies, and advertising and marketing
13
Which of the following organizations is best suited for steel plants
Discuss
Answer & Solution
Answer: Option D
Solution:
Line, staff and functional organizations is best suited for steel plants
14
Basic tool in work study is
Discuss
Answer & Solution
Answer: Option D
Solution:
Basic tool in work study is Stop watch
15
The most suitable incentive plan for the maintenance section of an industry will be
Discuss
Answer & Solution
Answer: Option B
Solution:
Group Incentives/Team based Compensation Under individual incentive system workers are paid on the basis of their personal performance.
Their wages will be directly linked to their efforts.
A worker may improve his remuneration by raising the level of output
16
Fixed position layout is also known as
Discuss
Answer & Solution
Answer: Option C
Solution:
Fixed position layout is also known as Static product layout
fixed position layout, personnel, supplies, and equipment are brought to the site where the product will be assembled, rather than the product being moved through an assembly line or set of assembly stations.
17
Process layout is also known as
Discuss
Answer & Solution
Answer: Option A
Solution:
process layout is a design for the floor plan of a plant which aims to improve efficiency by arranging equipment according to its function.
It is also known as function layout.
In this layout machining operation are performed in group together and not arranged according to any sequence.
18
Product layout is also known as
Discuss
Answer & Solution
Answer: Option B
Solution:
Product layout is also known as Synthetic layout
product layout refers to a production system where the work stations and equipment are located along the line of production, as with assembly lines.
19
The employee's provident fund act is applicable to
Discuss
Answer & Solution
Answer: Option D
Solution:
In employee's provident fund (EPF) was set up to which the employer and employee had to contribute a certain sum.
The EPF Act is applicable to establishments who employ a minimum of 20 employees and notified by the Central Government.
20
In CPM, the cost slope is determined by
Discuss
Answer & Solution
Answer: Option B
Solution:
The term 'cost-slope' is defined as the “increase in the cost of the activity per unit decrease in the time”.
Cost slope = $$\frac{{{\text{Crash cost}} - {\text{Normal cost}}}}{{{\text{Normal time}} - {\text{Crash time}}}}$$