Which of the following consists of keeping a watch on expediting function?
Flow of material and in case of trouble locate source of trouble
The question asks about the core activity involved in keeping a watch on the expediting function. Expediting is a critical part of production planning and control. Its main purpose is to ensure that production orders are completed on time by monitoring progress and taking corrective action when needed. It's like being a watchdog for the production schedule.
Let's look at each option and see how it relates to the expediting function:
The essence of the expediting function is proactive monitoring and problem-solving. To "keep a watch" on expediting means observing the production process to ensure it's running according to the plan. If it deviates, the expediter investigates the cause of the deviation, which could be missing materials, machine breakdown, labor issues, or other problems. Therefore, tracking the "flow of material" (which represents the progress of work) and being ready to "locate source of trouble" when the flow is interrupted are the primary activities involved in this function.
The activity that consists of keeping a watch on the expediting function is, therefore, focused on monitoring the production flow and identifying and resolving issues that impede it.
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 ?