Professional Documents
Culture Documents
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13. List out the types of incentives.
Ans. 1.Financial Incentives 2.Nonfinancial Incentives 3.Semi financial
Incentives
14. Write any two unsafe acts of a worker.
Ans. Improper safety wearing, Operating equipment without authority
15. _________ is the difference between LFT and EFT.
Ans. Slack or Float
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3. List out the differences between Private Limited and Public Limited
Company.
Public Limited Company
•Minimum members - 7
• Maximum members - Unlimited
• Minimum capital - 5,00,000
Private Limited Company
• Minimum members - 3
• Maximum members - 200
• Minimum capital -1,00,000
4. Write the advantages of training
• Improves Team functionality.
• Improve Employee Engagement.
• Increase Productivity.
5. Define vision, mission and quality policy of an organization.
Vision- a statement of what we are trying to do as a business.
Mission- what we have to do as a business to achieve our vision.
Quality Policy- ties the vision and mission in a brief statement.
6. Define the terms (i) Optimistic Time. (ii)Most likely time. (iii) Pessimistic
time or Define the three time estimates used in PERT
(i) Optimistic time – The least amount of time it can take to complete a task.
(ii) Most likely time – Assuming there are no problems, the best or most
reasonable estimate of how long it should take to complete a task.
(iii) Pessimistic time – The maximum amount of time it should take to
complete a task.
7. Write short note on Just in Time (JIT).
The just-in-time (JIT) inventory system minimizes inventory and increases
efficiency. JIT production systems cut inventory costs because manufacturers
receive materials and parts as needed for production and do not have to pay
storage costs.
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8. Write the steps to find solution for LPP or Explain the Concept of linear
programming. (3 mark or 7 mark question)
Linear Programming is a mathematical tool/technique for determining the best
uses of an organization’s resources.
1. Formulate the linear programming problems.
6. Now choose the point where the objective function has optimal value.
9. Define (i) Factory (ii) Accident (iii) Frequency Rate iv)Accident
Proneness v) Performance Index
(i) Factory - a building or set of buildings with facilities for manufacturing.
(ii) Accident – Unexpected incident occurs which is unforeseen that results
directly in the injury or death of the Person covered.
(iii) Frequency Rate- The frequency rate is the number of occupational
accidents arisen during a period of 12 months by one million hours worked.
iv) Accident Proneness- The small proportions of the workers in the industry
receive a large proportion of injuries and workers in these groups are said to be
accident prone.
v) Performance Index- It is the square root of the product of frequency rate
and severity rate divided by 1000.
10. List the main functions of a store keeper.
(List out- For 3 marks question, Write 1 sentence each for 7 mark question)
1. Receipt of Material into Storage
2. Record Keeping
3. Storage of Materials
4. Maintaining Stores
5. Issuing Stores
6. Coordination with Materials Control.
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PART C-Answer all questions. Each question carries seven marks
1. Describe Henry Fayol’s 14 Principles of management.
(CODE to remember-DADI U C USSR? O I SEE)
1. Division of work
2. Authority and responsibility
3. Discipline
4. Unity of command
5. Centralization
6. Unity of Direction
7. Scalar Chain
8. Stability of tenure of personnel
9. Remuneration
10. Order
11. Initiative
12. Subordination of Interest
13. Equity
14. Espirit de Corps
2. Write any seven contributions of F.W Taylor in the field of Management.
(7marks – 7points, 3mark question -3points)
1. He developed the principle of breaking a task (job) into elements for timing
the same.
4. Another concept connected with the name of Taylor is A Fairy Day’s Task.
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7. Taylor suggested a wage incentive scheme known as Taylor’s Differential
Piece Rate plan.
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7. Write the applications of CPM and PERT.
Applications of CPM
PERT Application
2. Military operations
4. Weather forecasting
1. Mechanical factors
2. Environmental factors
3. Personal factors
1.Mechanical Factors
2. Environmental factors
i. High temperature
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3. Personal factors
i. Age
ii. Stress
iii. Carelessness
iv. Drugs
ii. Event: Event represent a point in time where completion of some activity
and beginning of new activity. A circle represents an event.
iii. Successor event: An event which follows another event is called successor
event.
iv. Predecessor event: The event which occurs before another event is known
as predecessor event.
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v. Dummy activity: A dummy activity which is not utilizing time or resource. It
is an imaginary activity represented by dotted arrow line.
vi. EFT (Earliest finish time): This is the earliest possible time at which an
activity can finish.
vii. LFT (Latest finish time): It is the total time by which and activity should
be completed.
viii. Critical path: The path in which a LFT and EFT are equal is called critical
path. It can be represented by double line
ix. Slack or float: It is the difference between LFT and EFT. In critical path
slack or float will be zero.
x. Critical Activity: The Activities with a slack or float of zero are called
critical activity.
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