Practice Test: Question Set - 02
1. CPM is the
- (A) Time oriented
technique
- (B) Event oriented
technique
- (C) Activity oriented
technique
- (D) Target oriented
technique
2. PERT
- (A) Provides
an approach for keeping planning up-to-date
- (B) Provides a
way for management to require that planning be done on a uniform and logical
basis
- (C) Permits
management to foresee quickly the impact of variations from the plan
- (D) All
of the above
3. The probability distribution of activity times in PERT follows following distribution
- (A) Normal
- (B) Binomial
- (C) Beta
- (D) Exponential
4. Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
- (A) Consumes time, but no
resources
- (B) Consumes resources but no time
- (C) Consumes neither time
nor resources
- (D) Is a dangling event
5. In the cost structure of a product, the selling price is determined by the factors such as
- (A) Sales turn over
- (B) Lowest competitive
price
- (C) Various elements of
the cost
- (D) All of the above
6. Work study is concerned with
- (A) Improving present
method and finding standard time
- (B) Motivation of workers
- (C) Improving production
capability
- (D) Improving production planning
and control
7. Which of the following are the guidelines for the construction of a network diagram?
- (A) Each
activity is represented by one and only one arrow in the network
- (B) Dangling
must be avoided in a network diagram
- (C) Dummy
activity consumes no time or resource
- (D) All
of the above
8. ABC analysis deals with
- (A) Analysis of process
chart
- (B) Flow of material
- (C) Ordering schedule of
job
- (D) Controlling inventory
costs money
9. Breakeven analysis is a
- (A) Short
term analysis
- (B) Long
term analysis
- (C) Average
of short and long term analysis
- (D) Any
one of these
10. The appellate authority for an industrial dispute is
- (A) Management
- (B) Labour court
- (C) High court/supreme
court
- (D) Board of directors
11. Which of the following layouts is suited to job production?
- (A) Process layout
- (B) Product layout
- (C) Fixed position layout
- (D) Plant layout
12. 'Value' for value engineering and analysis purposes is defined as
- (A) Purchase value
- (B) Saleable value
- (C) Depreciated value
- (D) Function/cost
13. Replacement studies are made on the following basis
- (A) Annual cost method
- (B) Rate of return method
- (C) Total life average
method
- (D) Any one of the above
14. The product layout
- (A) Lowers
overall manufacturing time
- (B) Requires
less space for placing machines
- (C) Utilizes machine and labour better
- (D) All
of these
15. The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode
- (A) Early finish
- (B) Early start
- (C) Late start
- (D) Late finish
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