Industrial Engineering MCQs with answers Page - 4

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Q. Escrow means

  • (A) A property held by a third person forcing the creditors to fulfil the obligation of the creditor
  • (B) A property attached by the court order
  • (C) A property lost in transit or fire for which claim from insurance company is due
  • (D) Goodwill earned by a company

A

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Q. If the average interest rate is 12% and depreciation is to be accounted for by straight line method at 10%, which of the following equipment will be most economical?

  • (A) Initial cost Rs. 4000 Annual disbursements Rs. 6000
  • (B) Initial cost Rs. 5500 Annual disbursements Rs. 4000
  • (C) Initial cost Rs. 6000 Annual disbursements Rs. 3880
  • (D) Initial cost Rs. 7000 Annual disbursements Rs. 2500

A

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Q. Which one of the following is not an incentive plan?

  • (A) Straight piece work with guaranteed base
  • (B) Straight salary
  • (C) Straight piece work
  • (D) Halsey 50-50 plan

A

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Q. Which one of the following industries is least affected by the business cycle?

  • (A) Construction industry
  • (B) Food processing
  • (C) Ship building
  • (D) Iron and steel

A

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Q. If a reduction in prices increases revenue, then the demand curve is said to be

  • (A) Either elastic or inelastic
  • (B) Elastic
  • (C) Inelastic
  • (D) Not determinable from given data

A

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Q. Choose the correct statement.

  • (A) CPM and PERT are event oriented techniques
  • (B) CPM and PERT are activity oriented techniques
  • (C) CPM is an activity oriented technique while PERT is an event oriented technique
  • (D) None of the above

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Q. ABC analysis is used in

  • (A) CPM
  • (B) PERT
  • (C) Inventory control
  • (D) All of the above

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Q. In long run

  • (A) fixed costs will be greater than variable costs
  • (B) variable costs will be greater than fixed costs
  • (C) all costs are variable costs
  • (D) all costs are fixed costs

A

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Q. If we assume that price decreases as total expenditure increases, we may conclude that

  • (A) elasticity of demand is greater than unity
  • (B) elasticity of demand is less than unity
  • (C) elasticity of demand is equal to unity
  • (D) elasticity of demand is a function of market trends

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Q. Which of the following represents the reduction in duration?

  • (A) Crushing
  • (B) Negative slack
  • (C) Variance
  • (D) All of the above

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