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True/False
Question
Fluctuation due to changes in season are called cyclical fluctuation.
Correct Answer
False
Your Answer
True
True/False
Question
A type items are always vital under VED analysis.
Correct Answer
False
Your Answer
False
True/False
Question
In assignment matrix, it is a must to determine Jacobean of the
determinant.
Correct Answer
False
Your Answer
False
True/False
Question
In PERT, use of dummy activities is not much essential.
Correct Answer
False
Your Answer
False
True/False
Question
To solve "n jobs - 2 machines" sequencing problem, it is assumed that
each machine can perform only one type of operation and can undertake
only one job at a time.
Correct Answer
True
Your Answer
True
True/False
Question
PERT is suitable in defense projects and R&D where activity times can not
be really predicted.
Correct Answer
True
Your Answer
True
True/False
Question
In precedence diagram the length of arrow has very high degree of
significance.
Correct Answer
False
Your Answer
True
True/False
Question
The non-mathematical rationale of the assignment method is one of
minimizing opportunity costs.
Correct Answer
True
Your Answer
False
True/False
Question
Moving average method lags behind the latest trend.
Correct Answer
True
Your Answer
True
True/False
Question
The 'G' group of GOLF analysis involves moderate delivery time and
availability of credit usually in the range of 30 to 60 days.
Correct Answer
True
Your Answer
False
True/False
Question
PERT uses linear programming and probability concepts for planning and
controlling activities.
Correct Answer
True
Your Answer
True
True/False
Question
Curve fitting method of statistical forecasting uses curve line approach.
Correct Answer
False
Your Answer
False
True/False
Question
If set up time for four operations involved is 2 ,1.5, 2 , 2.5 hours
respectively, total set up time would be 10 hours.
Correct Answer
False
Your Answer
False
True/False
Question
The make-or-buy decision is not related with profit of the factory.
Correct Answer
False
Your Answer
True
True/False
Question
Increase in inventory carrying cost increases EOQ.
Correct Answer
False
Your Answer
False
True/False
Question
Progressing is only a substitute for poor planning.
Correct Answer
False
Your Answer
True
True/False
Question
Stores issue order for an item is prepared as soon as the route sheet is
ready.
Correct Answer
True
Your Answer
True
True/False
Question
C type items would never be vital under VED analysis.
Correct Answer
False
Your Answer
False
True/False
Question
In order to complete a project on time, each critical activity need not be
completed in time.
Correct Answer
False
Your Answer
False
True/False
Question
The Heuristics approach has a base of binary number theory.
Correct Answer
False
Your Answer
True