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Materials Management

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Question : The change from competitiveness to cooperation between employees and management. Which process is being highlighted in the given statement?

Option 1: Method study

Option 2: Metal revolution

Option 3: Time study

Option 4: Motion study


 

Team Careers360 12th Jan, 2024

Correct Answer: Metal revolution


Solution : Mental revolution in all the change in the attitude of workers and management towards one another from competition to cooperation.

Hence, option B is correct.

8 Views

Question : Instead of fighting for dividing the surplus or profit, management and workers should coo- perate to increase it. Which of the following principles of scientific management is being highlighted in the given statement?
 

Option 1: Cooperation not individualism
 

Option 2: Harmony not discord
 

Option 3: Science not rule of thumb
 

Option 4: None of the above

Team Careers360 9th Jan, 2024

Correct Answer: Cooperation not individualism
 


Solution : According to this principal there should be coperation between management and workers instead of individualism. Competition should be replaced by coperation. Both management and workers should realise the need and importance of each other.

Hence,option A is correct.

17 Views

Question : Case Study: ABC Manufacturing implements scientific management techniques to standardize and optimize work processes. Which technique involves measuring the time taken to complete a specific task accurately?

 

Option 1: Fatigue study

Option 2: Time study

Option 3: Method analysis

Option 4: Motion study

Team Careers360 9th Jan, 2024

Correct Answer: Time study


Solution : The correct answer is (b) Time study.

Time study is a fundamental component of scientific management, focusing on analyzing and measuring the time required for a worker to complete a particular task using the most efficient method. This technique helps in setting standard times

6 Views

Question : The economic environment includes factors related to:
 

 

 

Option 1: Technological advancements

Option 2: Social attitudes and customs

Option 3: Government policies and regulations

 

Option 4: Overall economic conditions, such as GDP growth and inflation rates

Team Careers360 21st Jan, 2024

Correct Answer: Overall economic conditions, such as GDP growth and inflation rates


Solution : The correct answer is (D) Overall economic conditions, such as GDP growth and inflation rates

The economic environment includes factors related to overall economic conditions, such as GDP (Gross Domestic Product) growth, inflation rates, employment levels,

4 Views

Question : Case Study 34

ABC Ltd. is a conglomerate planning to expand its operations. The company's management is considering the roles of SEBI in the financial market.

Question : 

Which of the following is not a function of SEBI?

Option 1: Regulatory functions
 

Option 2: Protective functions
 

Option 3: Allocation of resources

 

Option 4: Developmental functions

Team Careers360 14th Jan, 2024

Correct Answer: Allocation of resources

 


Solution : The correct answer is (c) Allocation of resources

Allocation of resources is not a function of SEBI. SEBI primarily focuses on regulatory, protective, and developmental functions within the securities market. The allocation of resources is a broader economic concept related to efficient distribution

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