31. The basic difference between PERT and CPM is that
Correct answer: (D)
guessed times are used in PERT and evaluated times in CPM
32. The linear programming techniques can be applied successfully to industries like
Correct answer: (E)
all of the above.
33. The mathematical technique for finding the best use of limited resources in an optimum manner is known as
Correct answer: (B)
linear programming
34. The reasons which are basically responsible for the formation of a queue should be that
Correct answer: (D)
all of the above
35. The simplex method is the basic method for
Correct answer: (C)
linear programming
36. The time required to complete a job is established and a bonus is paid to the worker based on the exact & of time saved. This type of incentive plan is known as
Correct answer: (E)
Rowan Plan.
37. The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as
Correct answer: (D)
Halsey Premium plan
38. The two-bin system is concerned with
Correct answer: (A)
ordering procedure
39. Value' for value engineering and analysis purposes is defined as
Correct answer: (E)
function/cost.
40. 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
Correct answer: (D)
annuity charging method