Correct answer: (C) direct costs increase and indirect costs decrease
12. In Halsey 50-50 plan, output standards are established
by time study
from previous production records
from one's judgement
all of the above
none of the above.
Correct answer: (B) from previous production records
13. In Lincoln plan (one type of group incentive plan), the amount of the profit which an .employee receives in addition to the guaranteed basic pay/wages, is based on :
a standard rating system
a merit rating system
a job evaluation system
his individual performance
all of the above.
Correct answer: (B) a merit rating system
14. In order that linear programming techniques provide valid results
relations between factors must be linear (positive)
relations between factors must be linear (negative)
(a) or (b)
only one factor should change at a time, others remaining constant
none of the above.
Correct answer: (C) (a) or (b)
15. In queuing theory, the nature of the waiting situation can be studied and analysed mathematically if
complete details'of items in, waiting line are known
arrival and waiting times are known and can be grouped to form a waiting line model
all variables and constants are known and form a linear equation
the laws governing arrivals, service times, and the order in which the arriving units are taken into source are known
all of the above.
Correct answer: (D) the laws governing arrivals, service times, and the order in which the arriving units are taken into source are known
16. In the Emerson efficiency plan, a worker receives only his daily wage and no bonus is paid till his efficiency reaches
50&
661&
75&
80&
90&.
Correct answer: (B) 661&
17. In the Halsey 50-50 plan, the following are rewarded more
past good workers
past poor workers
past average workers
all of the above
none of the above.
Correct answer: (B) past poor workers
18. In the Halsey system of wage incentive plan, a worker is
paid as per efficiency
ensured of minimum wages
not paid any bonus till his efficiency 2 reaches 66 &
never a loser
induced to do more work.
Correct answer: (B) ensured of minimum wages
19. Monte Carlo solutions in queuing theory are extremely useful in queuing problems
that can't be analysed mathematically
involving multistage queuing
to verify mathematical results
all of the above
none of the above.
Correct answer: (A) that can't be analysed mathematically
20. One of the basic essentials of an incentive plan is that
a differential piece rate system should exist
minimum wages should be guaranteed
provide incentive to group efficiency performance
all standards should be based on optimum standards of production
all standards should be based on time studies.
Correct answer: (E) all standards should be based on time studies.