Industrial Engineering and Production Management Choose the wrong statement Time study is used to Determine standard costs Provide a basis for setting piece prices or incentive wages Determine the capability of an operator to handle the number of machines Determine overhead expenses Determine standard costs Provide a basis for setting piece prices or incentive wages Determine the capability of an operator to handle the number of machines Determine overhead expenses ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Merit rating is the method of determining the Value of overall production Workers performance on a job Worth of a machine Relative values of a job Value of overall production Workers performance on a job Worth of a machine Relative values of a job ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management According to MAPI formula, the old machine should be replaced by new one when (Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum) CAM < DAM CAM > DAM There is no such criterion CAM = DAM CAM < DAM CAM > DAM There is no such criterion CAM = DAM ANSWER DOWNLOAD EXAMIANS APP
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 0.84 0.66 0.5 0.95 0.84 0.66 0.5 0.95 ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The process layout is best suited where Machines are arranged according to sequence of operation Specialization exists Few number of non-standardized units is to be produced Mass production is envisaged Machines are arranged according to sequence of operation Specialization exists Few number of non-standardized units is to be produced Mass production is envisaged ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management The break-even point represents Time when industry will undergo loss The time when unit can run without any loss and profit The time when company can make maximum profits The most economical level of operation of any industry Time when industry will undergo loss The time when unit can run without any loss and profit The time when company can make maximum profits The most economical level of operation of any industry ANSWER DOWNLOAD EXAMIANS APP
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