21. Bonus under Rowan scheme is paid ________. A.

as a proportion of standard time to actual time

B.

as a proportion of actual time to standard time

C.

as a proportion of time saved to standard time

D.

as a proportion of standard time to time saved Answer & Solution

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22. Labour cost is the second element of ________. A.

cost

B.

profit

C.

sales

D.

task Answer & Solution

23. How many rate are used to calculate wages under Taylor's differential piece rate system? A.

two

B.

three

C.

four

D.

five Answer & Solution

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24. The loss which arise in manufacturing activity on account of inherent nature of the product is ________. A.

normal loss

B.

abnormal loss

C.

net loss

D.

gross loss Answer & Solution

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25. Generally types of stores are classified into ________. A.

two types

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B.

three types

C.

four types

D.

five types Answer & Solution

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