Quiz Start Time: 10:41 AM
Time Left 11
sec(s)
Question # 1 of 10 ( Start time: 10:41:10 AM ) Total Marks: 1
The amount of the inventory will always taken to be ———–
Select correct option:
Negative
Positive
Quiz Start Time: 10:41 AM
Time Left 17
sec(s)
Question # 2of 10 ( Start time: 10:42:36 AM) Total Marks: 1
Which of the following cost of an item vary directly with its lack of quantity and delaying time ?
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Quiz Start Time: 10:41 AM
Time Left 2
sec(s)
Question # 3of 10 ( Start time: 10:43:53 AM) Total Marks: 1
In resource leveling when two or more jobs compete for same resources, first try to allocate an activity, which is of ——— duration and next to the activity which having next ——— duration.
Select correct option:
most likely, pessimistic
minimum , maximum
maximum, minimum
optimistic, most likely C
Time Left 38
sec(s)
Question # 4 of 10 ( Start time: 10:45:24 AM ) Total Marks: 1
Which of the following technique to solve the net work flow diagrams, is activity oriented?
Select correct option:
Programme Evaluation and Review Technique
Critical Path Method
Time Left 46
sec(s)
Question # 5 of 10 ( Start time: 10:46:21 AM ) Total Marks: 1
Which is the following reason is essential for an enterprise to have an inventory?
Select correct option:
It provides adequate service to the customers.
It reduces the possibility of duplication of orders.
It helps in smooth and efficient running of the business.
All above reasons are equivalent C
Time Left 63
sec(s)
Question # 6 of 10 ( Start time: 10:47:25 AM ) Total Marks: 1
If someone asks you how much time you require to reach your VU campus from your house, you may say that it may take 1 to 1½ hours. Then you meant which of the following variable?
Select correct option:
Discrete
Complex
Random C
Continuous
Time Left 20
sec(s)
Question # 7 of 10 ( Start time: 10:48:13 AM ) Total Marks: 1
Which of the following cost of an item varies directly with the size of inventory as well as the time the item held in stock?
Select correct option:
Item cost
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 34
sec(s)
Question # 8 of 10 ( Start time: 10:49:27 AM ) Total Marks: 1
Excess of inventories are undesirable due to the following reasons;
Select correct option:
It locks up the capital of the enterprise.
It includes the expenses of stores, equipment, personnel, insurance etc..
It may not lead to high volume of output instead it might hamper the production.
All above reasons are equivalent
Quiz Start Time: 10:41 AM
Time Left 30
sec(s)
Question # 9of 10 ( Start time: 10:50:34 AM) Total Marks: 1
When we have to manage a project with available resources, we have the option of resource leveling. Here the resources availability is less than the maximum resources required for an activity, then it is feasible to divert the resources to ————-.
Select correct option:
non-critical activities
dummy activities
head or tail activities
critical activities
Time Left 55
sec(s)
Question # 10 of 10 ( Start time: 10:51:37 AM ) Total Marks: 1
When we have to manage a project with available resources, we have the option of resource leveling. Here the resources availability is less than the maximum resources required for an activity, then it is feasible to delay the job having —————-.
Select correct option:
dummy branch
largest free float
largest total float
largest independent float
Quiz Start Time: 10:58 AM
Time Left 14
sec(s)
Question # 1of 10 ( Start time: 10:58:07 AM) Total Marks: 1
If a firm produces its own goods instead of purchasing the same from an outside source, then the cost of resetting the equipment for production may referred to ———
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 63
sec(s)
Question # 2 of 10 ( Start time: 10:59:27 AM ) Total Marks: 1
Which of the following times are directly related to the activity cost that is by reducing the activity duration, the direct cost of the corresponding activity is increased?
Select correct option:
CPM Times
PERT Times C
Quiz Start Time: 10:58 AM
Time Left 11
sec(s)
Question # 3of 10 ( Start time: 11:00:13 AM) Total Marks: 1
Which of the following cost for an item is independent of the quantity ordered or produced?
Select correct option:
Item cost
Set-up cost C
Inventory holding cost
Shortage Cost
Quiz Start Time: 10:58 AM
Time Left 77
sec(s)
Question # 4of 10 ( Start time: 11:01:35 AM) Total Marks: 1
Which of the following cost of an item vary directly with its lack of quantity and delaying time ?
Select correct option:
Item cost
Set-up cost
Inventory holding cost
Shortage Cost C
Quiz Start Time: 10:58 AM
Time Left 23
sec(s)
Question # 5of 10 ( Start time: 11:01:57 AM) Total Marks: 1
In resource leveling when two or more jobs compete for same resources, first try to allocate an activity, which is of ——— duration and next to the activity which having next ——— duration.
Select correct option:
most likely, pessimistic
minimum , maximum
maximum, minimum
optimistic, most likely
Quiz Start Time: 10:58 AM
Time Left 67
sec(s)
Question # 7of 10 ( Start time: 11:03:18 AM) Total Marks: 1
If an item is manufactured, then the direct or indirect material, labor, and overhead expenses are referred to ———–.
Select correct option:
Item cost C
Set-up cost
Inventory holding cost
Shortage Cost
Time Left 40
sec(s)
Question # 9 of 10 ( Start time: 11:04:33 AM ) Total Marks: 1
While estimating the time for a PERT activity, the estimator will give the three times estimates. When these three estimates are plotted on a graph, the probability distribution that we get is closely associated with —————–Distribution curve.
Select correct option:
Poisson
Chi
Binomial
Beta C
Time Left 76
sec(s)
Question # 10 of 10 ( Start time: 11:05:35 AM ) Total Marks: 1
Which of the following technique to solve the net work flow diagrams, is activity oriented?
Select correct option:
Programme Evaluation and Review Technique
Critical Path Method