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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Break-even analysis consists of

Operation costs
Fixed cost
Variable cost
Fixed and variable costs

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Industrial Engineering and Production Management
Which one of the following chart gives simultaneously information about the progress of work and machine loading?

Gantt chart
Process chart
Man-machine chart
Machine load chart

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Industrial Engineering and Production Management
A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs, is known as

Break-even chart
Gantt chart
Flow chart
PERT chart

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Industrial Engineering and Production Management
The disadvantage of product layout is

High initial investment for the specialized facilities
Skilled labour to operate machines
Production time is longer, requiring more goods in inventory
High cost of inspection

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Industrial Engineering and Production Management
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be

TR + [(S - T)/S] × R
TR
TR + (S - T) × R
TR + [(S - T)/2] × R

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

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

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