Mechanical Engineering : Production Technology QUESTIONS AND ANSWERS :: part3 : 21 to 25
Following Mechanical Engineering Multiple choice objective type questions and answers will help you in BSNL JTO, GATE 2024 and IES 2024 examinations :
21.Inventory control in production, planning and control aims at |
| achieving optimization |
| ensuring against market fluctuations |
| acceptable customer service at low capital investment in inventory |
| discounts allowed in bulk purchase |
| regulate supply and demand. |
22.The term 'value' in value engineering refers to |
| total cost of the product |
| selling price of the product |
| utility of the product |
| manufactured cost of the product |
| depreciation value. |
23.Merit Rating is the method of determining worth of |
| a job |
| an individual employee |
| a particular division in workshop |
| machine |
| overall quality. |
24.According to MAPI formula, the old machine should be replaced by new one when |
| CAM < DAM |
| CAM > DAM |
| CAM = DAM |
| there is no such criterion |
| none of the above. |
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