Lakshya Education MCQs

Question: 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
Options:
A. Rowan Plan
B. Taylor Differential Piece rate system
C. Halsey Premium plan
D. Day work plan
Answer: Option C
Explanation :

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More Questions on This Topic :

Question 1. Pick up the incorrect statement from the following. a critical ratio scheduling
  1.     Establishes the relative priorities among various activities on a common basis
  2.     Determines the status of each activity
  3.     Adjusts automatically changes in activity progress
  4.     None of the above
Answer: Option D
Explanation :
Question 2. Monte carlo solutions in queuing theory are extremely useful in queuing problems
  1.     That can't be analysed mathematically
  2.     Involving multistage queuing
  3.     To verify mathematical results
  4.     All of the above
Answer: Option A
Explanation :
Question 3. Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant
  1.     Sinking fund method
  2.     Straight line method
  3.     ABC charging method
  4.     Annuity charging method
Answer: Option D
Explanation :
Question 4. The break-even point represents
  1.     The most economical level of operation of any industry
  2.     The time when unit can run without any loss and profit
  3.     Time when industry will undergo loss
  4.     The time when company can make maximum profits
Answer: Option B
Explanation :
Question 5. Pick up the incorrect statement about advantages of work sampling
  1.     Permits a fine breakdown of activities and delays
  2.     Simultaneous study of many operators may be made by a single observer
  3.     Calculations are easier, method is economical and less time consuming
  4.     No time measuring devices are generally needed
Answer: Option A
Explanation :
Question 6. According to rowan plan of wage incentive system, bonus is paid to a worker
  1.     Whose output exceeds 67% efficiency
  2.     On the percentage of time saved
  3.     On the percentage of time worked
  4.     On the percentage of standard time
Answer: Option C
Explanation :

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