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Industrial Engineering and Production Management

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

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

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Industrial Engineering and Production Management
The standard time for a job is

Total work content + delay contingency allowance
Total work content + basic time
Total work content
Base time + relaxation time

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Industrial Engineering and Production Management
The employees provident fund act is applicable to

All industries other than small and medium industries
The industries notified by Government
All industries
Volunteers

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Industrial Engineering and Production Management
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as

Rowan Plan
Taylor Plan
Halsey Premium Plan
Dry work Plan

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Industrial Engineering and Production Management
The mathematical technique for finding the best use of limited resources in an optimum manner is known as

Network analysis
Operation research
Break-even analysis
Linear programming

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Industrial Engineering and Production Management
The objective of time study is to determine the time required to complete a job by

Slow worker
Average worker
Fast worker
New entrant

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MORE MCQ ON Industrial Engineering and Production Management

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