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Industrial Engineering and Production Management

Industrial Engineering and Production Management
ABC analysis deals with

Controlling inventory costs money
Ordering schedule of job
Flow of material
Analysis of process chart

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Industrial Engineering and Production Management
Inventory control in production, planning and control aims at

Discounts allowed in bulk purchase
Achieving optimization
Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory

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Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

All of these
Various elements of the cost
Lowest competitive price
Sales turn over

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Industrial Engineering and Production Management
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

Latest finish time earliest finish time (EFT)
TLEFT
All of these
Latest start time earliest start time

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Industrial Engineering and Production Management
CPM stands for

Common Planning Method
Critical Process Method
Critical Path Method
Combined Process Method

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Industrial Engineering and Production Management
At the break-even point,

Fixed cost is equal to variable cost
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Total cost is more than the sales revenue

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