ExamVeda
Login
Home
61
The two bin system is concerned with
Discuss
Answer & Solution
Answer: Option A
Solution:
The two bin system is a method used in inventory management and is concerned with the ordering procedure.

This system involves two bins for each item in inventory. One bin is used to meet current demand and the other is a reserve or buffer stock. When the first bin is empty, an order is placed to refill it while the second bin is used to meet demand during the replenishment period.

Therefore, the correct answer is Option A: Ordering procedure.
62
Work study is concerned with
Discuss
Answer & Solution
Answer: Option A
Solution:
Work study is concerned with improving present method and finding standard time.
63
Activity slack or float of any event on a PERT/CPM chart is represented by
Discuss
Answer & Solution
Answer: Option D
Solution:
Activity slack or float of any event on a PERT/CPM chart is represented by
- Latest start time of succeeding event earliest finish time of preceding event activity time
- Latest start time of the event earliest start time of the event
- Latest finish time of event earliest finish time of the event
64
Acceptance sampling is widely used in
Discuss
Answer & Solution
Answer: Option C
Solution:
Acceptance sampling is widely used in Mass production
65
Dummy activities are used to
Discuss
Answer & Solution
Answer: Option C
Solution:
Dummy activities are used to Maintain the required net work
66
The time which results in the least possible direct cost of an activity is known as
Discuss
Answer & Solution
Answer: Option B
Solution:
The time which results in the least possible direct cost of an activity is known as slow time
67
When slack of an activity is negative
Discuss
Answer & Solution
Answer: Option B
Solution:
When slack of an activity is negative It represents that a programme falls behind schedule and additional resources are required to complete the project in time
68
When slack of an activity is positive
Discuss
Answer & Solution
Answer: Option A
Solution:
When slack of an activity is positive - it represents a situation where extra resources are available and the completion of the project is not delayed.
When slack of an activity is negative - it represents that a program falls behind schedule and additional resources are required to complete the project in time.
When slack of an activity is zero - the activity is critical and any delay in its performance will delay the completion of the whole project.
69
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to
Discuss
Answer & Solution
Answer: Option D
Solution:
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to
- Latest start time earliest start time
- Latest finish time earliest finish time (EFT)
- TLEFT
70
Tick the odd man out
Discuss
Answer & Solution
Answer: Option D
Solution:
Galileo discovered telescope, but also a series of devices that would have a profound impact on surveying, the use of artillery, the development of clocks, and meteorology