Exit Exam 1 Pt1 Flashcards
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
B. Work measurement
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
B. Work sampling
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
D. Time study
A type of pay that is based on some measure of performance of either individual or groups of workers
D. incentivized pay
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
A. Methods study
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
C. Standard hour plan
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
C. Learning rate
At what year did Henry Ford witnessed the application of assembly lines?
A. 1913
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
A. Cycle time
A work system consisting of a worker performing one or more tasks WITHOUT the aid of power tools
B. Manual work system
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
D. Single model line
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
C. Governing element
It is the practice of having one employee operate more than one machine
D. Machine coupling
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
C. Machine ancillary time
The queuing of machine or processes for attention
B. Machine interference
It is the payment system DESIGNED TO MOTIVATE sales personnel to achieve increased sales of the company’s product
B. Sales incentives plans
He was credited for developing the first commercial predetermined time system, called the motion time analysis
A. Asa Segur
He developed maynard operation sequence technique
D. Harold maynard
1 TMU is equivalent to?
D. 0.036sec
At what year did joseph scanon developed the scanlon plan?
A. 1935
B. 1945
C. 1955
D. 1930
D. 1930
It is an hourly pay system in which time standards are used to measure the amount of work accomplished by each employee
C. Standard hour plan
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
A. 12.3
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
D. Elapsed time
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
A. Reject allowance
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
A. Steep rating
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
C. 5,203.97
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
A. 2,289.85
What is the equivalent effective interest of 12% nominal interest compounding quarterly?
A.12.34%
C. 12.65%
B. 12.55%
D. 12.25%
B. 12.55%
It is the phase in the product life cycle where profits are realized.
Maturity
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
D
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
A. 15.74
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
C. 18,766.75
An equipment with a life of 5 years is worth P10,000. Find the annual depreciation using SL method
A. 2000
These are costs incurred for producing goods or rendering services
D. Manufacturing cost
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
D. 9,980.95
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%
65.52%
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
C.200 units
Referring to #12, find the volume that maximize revenue
A. 400
B. 410
C. 390
D. 370
Wa pay final ans
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%
Aw pay final ans
At what year was The Location of Railways published?
A. 1889
B. 1887
C. 1886
D. 1885
C. March 31, 1887
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
B. 80,586.88
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
B. 20,894.15
What interest compounding monthly is equivalent to 14% interest compounding quarterly?
A. 13.84
B. 13.45
C. 13.23
D. 14.81
A. 13.84%
At what year will an investment quadruple and the interest is simple at 15%?
C. 20th
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
B. 100,703.25
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
B. 13,954
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
B. 44,488.76
It is also known as the book value of an equipment by the end of its useful life
D. Salvage value
Fdf
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
B. 153,728.90
