One of the basic essentials of an incentive plan is that A differential piece rate system should exist Provide incentive to group efficiency performance Minimum wages should be guaranteed All standards should be based on time studies TRUE ANSWER : ? YOUR ANSWER : ?
Which one of the following represents a group incentive plan? Scanlon Plan Rowan Plan Halsey Premium Plan Taylor Differential Piece Rate System TRUE ANSWER : ? YOUR ANSWER : ?
The simplex method is the basic method for Operation research Model analysis Linear programming Value analysis TRUE ANSWER : ? YOUR ANSWER : ?
The most popular type of organisation used for Civil Engineering Constructions is Line and staff organization Line organization Effective organization Functional organization TRUE ANSWER : ? YOUR ANSWER : ?
If A is the total items consumed per year, P is the procurement cost per order, and C is the annual inventory carrying cost per item, then the most economic ordering quantity is given by AP/C (AP/C)² √(2AP/C) 2AP/C TRUE ANSWER : ? YOUR ANSWER : ?
According to Muther, the basic principle of best layout is Principle of flexibility All of the listed here Principle of overall integration Principle of flow TRUE ANSWER : ? YOUR ANSWER : ?
The break-even point represents The time when company can make maximum profits The most economical level of operation of any industry Time when industry will undergo loss The time when unit can run without any loss and profit TRUE ANSWER : ? YOUR ANSWER : ?
A feasible solution to the linear programming problem should Optimise the objective function Satisfy the problem constraints Satisfy the non-negativity restrictions Satisfy the problem constraints and non-negativity restrictions TRUE ANSWER : ? YOUR ANSWER : ?
The probability distribution of project completion in PERT follows following distribution Exponential Binomial Normal Gaussian TRUE ANSWER : ? YOUR ANSWER : ?