Industrial Engineering And Production Management MCQ Questions & Answers

71

In Halsey 50-50 plan, output standards are established

A) By time study B) From previous production records C) From one's judgment D) All of the above

Discuss

Answer & Solution

Answer: Option B

Solution:

In Halsey 50-50 plan, output standards are established From previous production records

72

Queuing theory is associated with

A) Sales B) Inspection time C) Waiting time D) Production time

Discuss

Answer & Solution

Answer: Option C

Solution:

Queueing theory is the mathematical study of waiting lines, or queues. A queueing model is constructed so that queue lengths and waiting time can be predicted

73

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

Discuss

Answer & Solution

Answer: Option A

Solution:

Break-even analysis is a technique widely used by production management and management accountants.
Total variable and fixed costs are compared with sales revenue in order to determine the level of sales volume, sales value or production at which the business makes neither a profit nor a loss.

74

Work study is mainly aimed at

A) Determining the most efficient method of performing a job B) Establishing the minimum time of completion of a job C) Developing the standard method and standard time of a job D) Economizing the motions involved on the part of the worker while performing a job

Discuss

Answer & Solution

Answer: Option A

Solution:

Work study is mainly aimed at Determining the most efficient method of performing a job

75

A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the

A) Fixed cost line B) Variable cost line C) Total cost line D) Sales revenue line

Discuss

Answer & Solution

Answer: Option B

Solution:

A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the Variable cost line

76

Positive slack on a PERT indicates that project is

A) Ahead of schedule B) Beyond schedule C) As per schedule D) On critical path

Discuss

Answer & Solution

Answer: Option A

Solution:

A positive slack indicates the amount of time that the task can be delayed without delaying the project finish date.

77

Break-even point is the point where

A) Fixed and variable cost lines intersect B) Fixed and total cost lines intersect C) Variable and total cost lines intersect D) Sales revenue and total expensive lines intersect

Discuss

Answer & Solution

Answer: Option D

Solution:

Break-even point is the point where Sales revenue and total expensive lines intersect

78

Which of the following plans motivates supervisors by paying a premium on time saved by workers?

A) Halsey plan B) Rowan plan C) Haynes plan D) Emerson's plan

Discuss

Answer & Solution

Answer: Option C

Solution:

Haynes plans motivates supervisors by paying a premium on time saved by workers

79

Scheduling

A) Prescribes the sequence of operations to be followed B) Determines the programme for the operations C) Is concerned with starting of processes D) Regulates the progress of job through various processes

Discuss

Answer & Solution

Answer: Option B

Solution:

Scheduling is the process of arranging, controlling and optimizing work and workloads in a production process.
Companies use backward and forward scheduling to allocate plant and machinery resources, plan human resources, plan production processes and purchase materials

80

'Value' for value engineering and analysis purposes is defined as

A) Purchase value B) Saleable value C) Depreciated value D) Function/cost

Discuss

Answer & Solution

Answer: Option D

Solution:

'Value' for value engineering and analysis purposes is defined as cost

Industrial Engineering And Production Management MCQ Questions & Answers | Mechanical Engineering