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Industrial Engineering and Production Management

Industrial Engineering and Production Management
A systematic job improvement sequence will consist of

Motion study
Time study
Job enrichment
All of these

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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.

Equal to
One-fourth
One-half
Twice

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Industrial Engineering and Production Management
Positive slack on a PERT indicates that project is

Ahead of schedule
Beyond schedule
On critical path
As per schedule

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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
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is

0.5
0.95
0.66
0.84

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Industrial Engineering and Production Management
Current assets include

Inventories
Manufacturing plant and equipment
Common stock held by the firm
Manufacturing plant

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