1. 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
Rowan Plan
Bedaux Plan
Taylor Differential Piece rate system
Halsey Premium plan
Day work plan.
Correct answer: (D) Halsey Premium plan
2. Which of the following plans motivates supervisors by paying a premium on time saved by workers
Halsey plan
Rowan plan
Haynes plan
Emerson's plan
Taylor's plan.
Correct answer: (C) Haynes plan
3. 'Value' for value engineering and analysis purposes is defined as
purchase value
saleable value
depreciated value
present worth
function/cost.
Correct answer: (E) function/cost.
4. A big advantage of PERT over Gantt charts is that in the former case
activities and events are clearly shown
early start and late finish of an activity are clearly marked
activity times are clear
critical path can be easily determined
inter-relationship among activities is clearly shown.
Correct answer: (E) inter-relationship among activities is clearly shown.