Works cost implies________________?

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

Merit Rating is the method of determining worth of_______________?

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

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

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

Acceptance sampling is widely used in________________?

A. Batch production
B. Job production
C. Mass production
D. All of the above

Under the Apprenticeship Act___________________?

A. All industries have to necessarily train the apprentices
B. Industries have to train apprentices ac-cording to their requirement
C. All industries employing more than 100 workers have to recruit apprentices
D. Only industries employing more than 500 workers have to recruit apprentices

Statistical quality control techniques are based on the theory of___________________?

A. Quality
B. Statistics
C. Probability
D. All of the above

Inventory control in production, planning and control aims at________________?

A. Achieving optimisation
B. Ensuring against market fluctuations
C. Acceptable customer service at low capital investment in inventory
D. Discounts allowed in bulk purchase

Inventory management consists of__________________?

A. Effective running of stores
B. State of merchandise methods of stroing and maintenance etc
C. Stock control system
D. All of the above

Which of the following is independent of sales forecast______________?

A. Productivity
B. Inventory control
C. Production planning
D. Production control