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Question

In Emerson's efficiency plan of wage incentive system, the bonus is paid to-

The correct answer is

Workers whose performance exceeds 66.67% efficiency

Bonus Payment Threshold in Emerson's Plan A key feature of Emerson's efficiency plan is the point at which the bonus begins. Workers whose performance exceeds 66.67% efficiency: Workers whose performance exceeds 50% efficiency:

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Important Questions from Project Management

  1. An interface between the functional application and the data is

  2. The following statements relate to project network. Choose the correct code for the statements being correct or incorrect.

    Statement I: An activity cannot be represented by more than one arrow, but an arrow can represent one or more activities.

    Statement II : The activities in a critical path can be preponed or postponed.

  3. A public limited company has 9,00,000 shares outstanding at current market price of Rs. 130 per share. The company needs Rs. 2.25 crores to finance its proposed new project. The board of the company has decided to issue rights shares to raise the required money at Rs. 75 per share (as subscription price) to ensure that the rights issue is fully subscribed. How many rights are required to purchase a new share ?

  4. What are the characteristics of job shop production ?

    A. Different product types are produced

    B. Very large quantities are produced

    C. Single type of product is produced

    D. Low quantities of product are produced

  5. Match List I with List II

    LIST I

    (Project Network concepts)

    LIST II

    (Underlying meaning)

    A.Crashing an activityI.Length of the longest path through the project network
    B.Project NetworkII.It shows the time and cost when the activity is fully crashed
    C.Critical pathIII.It consists of a number of nodes and a number of arcs that connects two different nodes
    D.Crash pointIV.Taking special (costly) measures to reduce the duration of an activity below its normal value

    Choose the correct answer from the options given below:

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