The term ‘value’ in value engineering refers to_______________?

A. Total cost of the product
B. Selling price of the product
C. Utility of the product
D. Manufactured cost of the product

In the perpetual inventory control, the material is checked when it reaches its________________?

A. Minimum value
B. Maximum value
C. Average value
D. Alarming value

Merit Rating is the method of determining worth of_______________?

A. A job
B. An individual employee
C. A particular division in workshop
D. Machine

Works cost implies________________?

A. Primary cost
B. Factory cost
C. Factory expenses
D. Primary cost + factory expenses

Standard time as compared to normal time is_______________?

A. Greater
B. Smaller
C. Equal
D. There is no such correlation

In which of the following layouts, the lines need to the balanced_______________?

A. Process layout
B. Product layout
C. Fixed position layout
D. Plant layout

Which of the following layouts is suited to job production__________________?

A. Process layout
B. Product layout
C. Fixed position layout
D. Plant layout

The amount deducted from the salary of workers towards employees provident fund is_______________?

A. credited into reserves of company
B. deposited in nationalised bank
C. deposited in post office
D. deposited in the account of worker with employer or reserve bank of india

Father of time study was_________________?

A. F.w. taylor
B. H.l. gantt
C. F.b. gilberfh
D. R.m. barnes

Current assets include_______________?

A. Manufacturing plant
B. Manufacturing plant and equipment
C. Inventories
D. Common stock held by the firm