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
A and D
Job shop production is a type of manufacturing environment characterized by its flexibility and ability to handle a wide variety of custom orders. In this system, work centers or machines are organized by function or process (like drilling, milling, or welding). Products move between these different functional areas based on the specific processing requirements for each unique job.
Understanding the core features of job shop production helps in identifying its characteristics. Let's evaluate each statement:
Comparing the options with the established characteristics of job shop production, we find that:
Statements B and C describe characteristics more suited to mass or continuous production systems.
Therefore, the correct characteristics of job shop production among the choices are the production of different product types and low quantities.
Factors which govern the operating cost of an equipment are :
1. Purchase price of the equipment
2. Depreciation due to regular use
3. Cost of operation, maintenance and repairs
Which of the above statements are correct ?
In Emerson's efficiency plan of wage incentive system, the bonus is paid to-
Match List I with List II
LIST I (Project Network concepts) | LIST II (Underlying meaning) | ||
| A. | Crashing an activity | I. | Length of the longest path through the project network |
| B. | Project Network | II. | It shows the time and cost when the activity is fully crashed |
| C. | Critical path | III. | It consists of a number of nodes and a number of arcs that connects two different nodes |
| D. | Crash point | IV. | Taking special (costly) measures to reduce the duration of an activity below its normal value |
Choose the correct answer from the options given below:
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.
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 ?