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Industrial Engineering and Production Management

Industrial Engineering and Production Management
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the

Sales revenue line
Total cost line
Variable cost line
Fixed cost line

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Industrial Engineering and Production Management
Break-even analysis shows profit when

Sales revenue = total cost
Sales revenue > total cost
Variable cost < fixed cost
Sales revenue < total cost

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Industrial Engineering and Production Management
Time study is carried out to determine the time required to complete job by

A slow worker
A fast worker
An apprentice
An average worker

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Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

Minimum wages should be guaranteed
All standards should be based on time studies
A differential piece rate system should exist
Provide incentive to group efficiency performance

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Industrial Engineering and Production Management
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

Rowan plan
Gantt plan
Halsey plan
Emerson's efficiency plan

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Industrial Engineering and Production Management
The start or completion of task is called

An activity
An event
A duration
None of these

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