MCQOPTIONS
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MCQOPTIONS
This section includes 112 Mcqs, each offering curated multiple-choice questions to sharpen your Mechanical Engineering knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
A stockist wishes to optimize the number of perishable items he needs to stock in any month in his store. The demand distribution for this perishable item is:Demand (in units)2345Probability0.100.350.350.20The stockist pays Rs.70 for each item and he sells each at Rs.90. If the stock is left unsold in any month, he can sell the item at Rs.50 each. There is no penalty for unfulfilled demand. To maximize the expected profit, the optimal stock level is: |
| A. | 5 units |
| B. | 4 units |
| C. | 3 units |
| D. | 2 units |
| Answer» C. 3 units | |
| 102. |
For a product the forecast and actual sales for December 2002 were 25 and 20 respectively. If the exponential smoothing constant is taken as 0.2, then forecast sale for January 2003 would be |
| A. | 21 |
| B. | 23 |
| C. | 24 |
| D. | 27 |
| Answer» D. 27 | |
| 103. |
A company has an annual demand of 1000 units, ordering cost of Rs. 100/order and carrying cost of Rs. 100/unit/year. If the stock out costs are estimated to be nearly Rs. 400 each time the company runs out of stock, the safety stock justified by the carrying cost will be |
| A. | 4 |
| B. | 10 |
| C. | 40 |
| D. | 100 |
| Answer» C. 40 | |
| 104. |
An organization has decided to produce a new product. Fixed cost for producing the product is estimated as Rs. 1,00,000. Variable cost for producing the product is Rs. 100. Market survey indicated that the product selling price could be Rs. 200. The break-even quantity is |
| A. | 1000 |
| B. | 2000 |
| C. | 500 |
| D. | 900 |
| Answer» B. 2000 | |
| 105. |
A decision making process to determine when a job is to be started in a machine and when it is to be completed is |
| A. | Scheduling |
| B. | Routing |
| C. | Master scheduling |
| D. | Aggregate planning |
| Answer» B. Routing | |
| 106. |
Gantt chart is applicable for |
| A. | Time study |
| B. | Motion study |
| C. | Sales forecasting |
| D. | Production scheduling |
| Answer» E. | |
| 107. |
ABC analysis, as an input, requires |
| A. | Annual usage and cost of the items |
| B. | Cost and criticality of the items |
| C. | Criticality and availability of the items |
| D. | Availability and annual usage of items |
| Answer» B. Cost and criticality of the items | |
| 108. |
Productivity can be improved by |
| A. | Increasing inputs for constant outputs |
| B. | Decreasing outputs for constant inputs |
| C. | Increasing inputs and outputs both in same proportion |
| D. | Decreasing inputs for constant outputs |
| Answer» E. | |
| 109. |
In a time study the observed time is 0.75 min, performance rating factor is 110% and allowances are 20% of the normal time. The standard time is |
| A. | 0.82 min |
| B. | 0.975 min |
| C. | 0.99 min |
| D. | 1.03 min |
| Answer» D. 1.03 min | |
| 110. |
Materials requirement planning is driven by |
| A. | master production schedule |
| B. | total quality measurement |
| C. | overall production planning |
| D. | overall inventory planning |
| Answer» B. total quality measurement | |
| 111. |
Gantt chart is a type of chart which illustrates the- |
| A. | Assignable causes of variation in a process |
| B. | Inventory status and materials requirement |
| C. | Project schedule |
| D. | Common causes of variation in a process |
| Answer» D. Common causes of variation in a process | |
| 112. |
___________ is also called line layout. |
| A. | Process layout |
| B. | Functional layout |
| C. | Product layout |
| D. | Fixed position layout |
| Answer» D. Fixed position layout | |