Exit Exam 1 Pt1

Question 1

It is the application of techniques designed to establish the time for a qualified worker to carry out a task at a defined rate of working

A. Motion study
B. Work measurement
C. Time measurement system
D. Methods study

Answer 1

B. Work measurement

Question 2

It uses random sampling techniques to study work situations so that the proportions of time spent in different activities can be estimated with a defined degree f statistical accuracy

A. Time study
B. Work sampline
C. Pre-determined time system
D. Standard data system

Answer 2

B. Work sampling

Question 3

It is a work measurement technique for recording the times of performing a certain specific job or its elements carried out under specific conditions

A. Standard data system
B. Pre-determined time system
C. Work sampling
D. Time study

Answer 3

D. Time study

Question 4

A type of pay that is based on some measure of performance of either individual or groups of workers

Answer 4

D. incentivized pay

Question 5

It is the systematic recording and critical examination of ways of doing things in order to make imrovements

A. Methods study
B. Work measurement
C. Time study
D. Motion time system

Answer 5

A. Methods study

Question 6

IT OPERATES LIKE A PIECEWORK SYSTEM, but the rate per piece is a time rate rather than a dollar rate and the time rate is established by work measurement

Answer 6

C. Standard hour plan

Question 7

It is defines as the proportion by which the dependent variable, usually task time, is multiplied every time the number of task cycles or work unit doubles

A. Learning capability
B. Proportionof occurence
C. Learning rate
D. Probability of success

Answer 7

C. Learning rate

Question 8

At what year did Henry Ford witnessed the application of assembly lines?

Answer 8

A. 1913

Question 9

It is the actual time needed to finish the first assembly in the process

A. Cycle time
B. Flow time
C. Standard time
D. Normal time

Answer 9

A. Cycle time

Question 10

A work system consisting of a worker performing one or more tasks WITHOUT the aid of power tools

Answer 10

B. Manual work system

Question 11

Type f assembly line that produces many units of one product, and there is no variation in the product
A. Mixed model line
B. Multiproduct line
C. Batch model line
D. Single model line

Answer 11

D. Single model line

Question 12

An element occupying a longer time within a work cycle that that of any other element which is being performed concurrently

A. Copnstant element
B. Repetitive element
C. Governing element
D. Foreign element

Answer 12

C. Governing element

Question 13

It is the practice of having one employee operate more than one machine

Answer 13

D. Machine coupling

Question 14

It is the time when a machine is temporarily out of productive use owing to change-overs, setting, cleaning, etc

A. Machine idle time
B. Machine available time
C. Machine ancillary time
D. Machine idle time

Answer 14

C. Machine ancillary time

Question 15

The queuing of machine or processes for attention

Answer 15

B. Machine interference

Question 16

It is the payment system DESIGNED TO MOTIVATE sales personnel to achieve increased sales of the company’s product

Answer 16

B. Sales incentives plans

Question 17

He was credited for developing the first commercial predetermined time system, called the motion time analysis

Answer 17

A. Asa Segur

Question 18

He developed maynard operation sequence technique

Answer 18

D. Harold maynard

Question 19

1 TMU is equivalent to?

Answer 19

D. 0.036sec

Question 20

At what year did joseph scanon developed the scanlon plan?

A. 1935
B. 1945
C. 1955
D. 1930

Answer 20

D. 1930

Question 21

It is an hourly pay system in which time standards are used to measure the amount of work accomplished by each employee

Answer 21

C. Standard hour plan

Question 22

A time standard was performed on a particular machine and the results are as follows:

Mean manual effort time per cycle: 6.53min
Mean cutting time (power feed: 4.26min
Mean performance rating: 115%
Machine allowance (power feed): 10%

Compute the standard time

A. 12.3
B. 13.4
C. 14.3
D. 15.4

Answer 22

A. 12.3

Question 23

The time intervals between a start od a time study and the start oif the first element observed, and between the finish o the last element observed and the finish of the study

A. Effective time
B. Break point
C. Check time
D. Elapsed time

Answer 23

D. Elapsed time

Question 24

It may be included in a standard time when the production of a proportion of defective product is inherent in the process but is perhaps more usually given as a temporary addition to standard time, per job or per batch, If an occasional bad lot of material has to be worked.

A. Reject allowance
B. Training allowance
C. Contingency allowance
D> learning allowance

Answer 24

A. Reject allowance

Question 25

It is a set of ratings in which the observer has overestimated the variations in the worker's rate of working A.Steep Rating B. Inconsistent rating C.Tight ratings D. Flat ratings

Answer 25

A. Steep rating

Question 26

P5,000 was invested on a bank for an interest of 2% compounding bi-monthly. How much is the investment's worth after two years? A. 5,265.98 B. 5,602,13 C. 5,203,97 D. 5,431.90

Answer 26

C. 5,203.97

Question 27

What is the present worth of five monthly deposits of P500 for an interest of 3% per month? Each deposit is made at the beginning of each month. A. P2,289.85 B. P2,329.89 C. P2,358.55 D. P2,459.98

Answer 27

A. 2,289.85

Question 28

What is the equivalent effective interest of 12% nominal interest compounding quarterly? A.12.34% C. 12.65% B. 12.55% D. 12.25%

Answer 28

B. 12.55%

Question 29

It is the phase in the product life cycle where profits are realized.

Answer 29

Maturity

Question 30

Find the future equivalent of eleven monthly deposits of P5,000 to a bank bearing an interest of 5% compounding monthly. A. 57,189.54 B. 55,145.67 C. 56, 189.56 D. 56,160.28

Answer 30

D

Question 31

How many years will it take for an investment to triple for an interest rate of 7% compounding monthly? A. 15.74yrs B. 16.7 yrs C. 188.88yrs D. 198.78yrs

Answer 31

A. 15.74

Question 32

Five payments of P6,000 will start at the tenth month. Find its present worth if the interest is 4% per month. A.P17,468.54 C. P18,766.75 B. P18,542.15 D. P19,623.90

Answer 32

C. 18,766.75

Question 33

An equipment with a life of 5 years is worth P10,000. Find the annual depreciation using SL method

Answer 33

A. 2000

Question 34

These are costs incurred for producing goods or rendering services

Answer 34

D. Manufacturing cost

Question 35

Find the annual worth of an investment of P50,000 with a nominal interest of 5% for six years, compounding continuously. A.P8,987.54 B. P10,986.24 C.P9,789.76 D. P9,980.95

Answer 35

D. 9,980.95

Question 36

A unit is worth P80,000 and is set to be paid in 45 days. A discount of 4% will be given if the buyer can pay in 22 days. Find the simple interest rate. 67.58% 65.52% 65.22% 66.25%

Answer 36

65.52%

Question 37

A sandwich joint has monthly fixed cost of P10,000 and variable costs of P75 per sandwich sold. Find the optimal number of units to be sold if demand is given by the equation D = 800 - 8p A. 180 units С. 200 units B. 190 units D. 210 units

Answer 37

C.200 units

Question 38

Referring to #12, find the volume that maximize revenue A. 400 B. 410 C. 390 D. 370

Answer 38

Wa pay final ans

Question 39

Find the annual rate of depreciation for an equipment that was bought for P550,000 with an estimated lifespan of 12 years and a salvage value of p8,500. A. 29.35% B. 29.45% C. 70.65% D. 72.52%

Answer 39

Aw pay final ans

Question 40

At what year was The Location of Railways published? A. 1889 B. 1887 C. 1886 D. 1885

Answer 40

C. March 31, 1887

Question 41

What is the füture equivalent of eight end-of-month deposits of P10,000 with an interest of 2.5% compounding monthly? A. 80,000 B. 80,586.88 C. 80,145.98 D. 80,585.77

Answer 41

B. 80,586.88

Question 42

A student paid P500 during the first month. For the following months, each payment increases by P200 uniti the thirteenth month. What is the present equivalent of these cash flows if the interest is given at 1.5% per month? A. 20,176.45 B. 20,894.15 C. 20,895.65 D. 20,396.54

Answer 42

B. 20,894.15

Question 43

What interest compounding monthly is equivalent to 14% interest compounding quarterly? A. 13.84 B. 13.45 C. 13.23 D. 14.81

Answer 43

A. 13.84%

Question 44

At what year will an investment quadruple and the interest is simple at 15%?

Answer 44

C. 20th

Question 45

A loan of P100,000 was granted on August 15, 2014 and must be paid by December 21, 2014. The interest is 2% compounding monthly. How much is the worth of the loan by then? A. 100,607.89 B. 100,703.25 C. 110,798.55 D. 110,787.51

Answer 45

B. 100,703.25

Question 46

Rae wants to withdraw P5,000 on her bank account at the seventh, eighth, ninth, and tenth month. How much, should she Invest now if the bank offers an interest of 4.34% per month? A. 13,828 B. 13,954 C. 13,983 D. 13,490

Answer 46

B. 13,954

Question 47

Joe initially deposited P5,000 to the bank and estimates that his monthly deposit will increase by 5% per month. If the bank offers an Interest rate of 7% per month, how much is the lump sum at the end of the tenth month? A. 40,916.45 B. 44,488.76 C. 42,988.14 D. 43,788.98

Answer 47

B. 44,488.76

Question 48

It is also known as the book value of an equipment by the end of its useful life

Answer 48

D. Salvage value

Question 49

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Question 50

Yana loaned P150,000 from a friend. She was offered an interest of 10% compounding monthly. How much is the total payment if she promised to pay the exact matured value at the end of 90 A. 150,310.90 B. 153,728.90 C. 150,311.53 D 153,781.34

Answer 50

B. 153,728.90