WorksheetsDay 88-Dec 25-worksheet-Btech-Material management
Total questions: 15
Worksheet time: 11mins
FIFO system in material management is MOST suitable when:
Prices are steadily falling
Materials are non-perishable
Risk of deterioration is high
Storage space is limited
The basic objective of Value Analysis is to:
Reduce purchase quantity
Eliminate unnecessary cost without reducing quality
Improve aesthetics of the product
Increase customer price tolerance
In the EOQ formula EOQ=I2AS , the symbol S represents:
Storage space
Ordering cost
Selling price
Shortage cost
The organization structure best suited for aerospace and hospital projects is:
Line organization
Functional organization
Line and staff organization
Matrix organization
Which organization structure is considered the oldest and simplest form?
Functional
Matrix
Line
Hybrid
Quality Assurance activities can be conducted both on-site and in laboratories.
True
False
Line organization is suitable only for large and complex organizations.
True
False
Assertion (A): Functional organization is suitable for large-sized organizations. Reason (R): It allows departmental experts to exercise direct control over their respective functions.
Both A and R are true, and R explains A
Both A and R are true, but R does not explain A
A is true, R is false
A is false, R is true
Planned and systematic actions to satisfy quality requirements are called (a) .
FIFO stands for (a)
EOQ represents (a)
In EOQ formula, “A” represents annual (a) of material.
A group of people with a collective goal linked to an external environment is called an (a) .
Schools and military institutions follow (a) organization.
Combination of line and functional organization is known as (a) organization.
