Practice Test: Question Set - 10
1. Scheduling provides information about the
- (A) Proper
utilization of machines
- (B) Means
to minimize idle time for machines
- (C) Time
of completion of job
- (D) Time of starting of
job and also about how much work should be completed during a particular period
2. The amount of compounded interest during 'n' interest periods is
- (A) p[(1+i)n
- 1)]
- (B) p(1 + i)n
- (C) p(1 - i)n
- (D) p(1 + in)
3. Cost of instrumentation in a modern chemical plant ranges from __________ percent of the total plant cost.
- (A) 5 to 10
- (B) 20 to 30
- (C) 40 to 50
- (D) 60 to 70
4. Gantt chart (or Bar chart) is helpful in
- (A) Efficient
utilization of manpower and machines
- (B) Preparing production
schedule
- (C) Efficient dispatching
of products
- (D) Inventory
control
5. Cost incurred towards __________ in a chemical plant is a component of the utilities cost.
- (A) Water
supply
- (B) Running
a control laboratory
- (C) Property
protection
- (D) Medical
services
6. The value of a property decreases __________ with time in straight line method of determining depreciation.
- (A) Linearly
- (B) Non-linearly
- (C) Exponentially
- (D) Logarithmically
7. Profit is equal to revenue minus
- (A) Book value
- (B) Total cost
- (C) Operating cost
- (D) None of these
8. Maximum production start up cost for making a chemical plant operational is about __________ percent of the fixed capital cost.
- (A) 1
- (B) 5
- (C) 10
- (D) 30
9. For a typical project, the cumulative cash flow is zero at the
- (A) End of the project
life
- (B) Breakeven point
- (C) Start up
- (D) End of the design
stage
10. Expenditure on research and development (R & D) is categorized as the __________, while making an estimate of the total product cost for a chemical plant.
- (A) Overhead cost
- (B) Fixed expenses
- (C) General
expenses
- (D) Direct production
cost
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