111. The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store
inflated system
primary cost method
current value method
fixed price method
variable price method.
Correct answer: (A) inflated system
112. Tick the odd man out
Taylor
Drucker
McGregor
Galileo
Parkinson.
Correct answer: (D) Galileo
113. Time study is
the appraisal, in terms of time, of the value of work involving human effort
machine setting time
time taken by workers to do a job
method of fixing time for workers
method of determining the personnel Requirement.
Correct answer: (A) the appraisal, in terms of time, of the value of work involving human effort
114. TMU in method time measurement stands for
time motion unit
time measurement unit
time movement unit
technique measurement unit
time method unit.
Correct answer: (B) time measurement unit
115. Travel charts provide
an idea of the flow of materials at various stages
a compact estimate of the handling which must be done between various work sections
the information for changes required in rearranging material handling equipment
an approximate estimate of the handling which must be done at a particular station
solution to handling techniques to achieve most optimum results.
Correct answer: (B) a compact estimate of the handling which must be done between various work sections
116. Under the Apprenticeship Act
all industries have to necessarily train the apprentices
industries have to train apprentices ac-cording to their requirement
all industries employing more than 100 workers have to recruit apprentices
only industries employing more than 500 workers have to recruit apprentices
all industries other than small scale industries have to train apprentices.
Correct answer: (D) only industries employing more than 500 workers have to recruit apprentices
117. Value engineering aims at finding out the
depreciation value of a product
resale value of a product
major function of the item and accomplishing the same at least cost without change in quality
break even point when machine re-quires change
selling price of an item.
Correct answer: (C) major function of the item and accomplishing the same at least cost without change in quality
118. What does symbol 'D' imply in work study
inspection
transport
delay temporary storage
permanent storage
none of the above.
Correct answer: (C) delay temporary storage
119. What does symbol 'O' imply in work study
operation
inspection
transport
delay temporary storage
none of the above.
Correct answer: (A) operation
120. Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant