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Industrial Engineering and Production Management

Industrial Engineering and Production Management
A dummy activity

Does not require any time
All of the these
Is represented by a dotted line
Is artificially introduced

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Industrial Engineering and Production Management
The term 'value' in value engineering refers to

Total cost of the product
Manufactured cost of the product
Selling price of the product
Utility of the product

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Industrial Engineering and Production Management
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as

Rowan Plan
Day work plan
Halsey Premium plan
Taylor Differential Piece rate system

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Industrial Engineering and Production Management
Halsey plan of wage incentive

Does not guarantee minimum wage
Is based upon efficiency of worker
Is not applied to all level of workers
Is applied to all level of workers

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Industrial Engineering and Production Management
Merit Rating is the method of determining worth of

A job
An individual employee
Machine
A particular division in workshop

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Industrial Engineering and Production Management
Both Rowan plan and 50-50 Halsey plan will provide the same earning when the actual time is _________ the standard time.

One-half
Equal to
Twice
One-fourth

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