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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Current assets include

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

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Industrial Engineering and Production Management
The allowed time for a job equals standard time plus

Learning allowance
Interference allowance
Process allowance
Policy allowance

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Industrial Engineering and Production Management
The two bin system is concerned with

Production planning
Ordering procedure
Despatching and expediting
Forecasting sales

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Industrial Engineering and Production Management
In perpetual inventory control, the material is checked as it reaches its

Average value
Maximum value
Middle value
Minimum value

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Industrial Engineering and Production Management
In value engineering, important consideration is given to

Function concept
Profit maximization
Cost reduction
Customer satisfaction

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Industrial Engineering and Production Management
Pick up the correct step used for scheduling a project by C.P.M.

Sequence of various activities is made according to their importance
A project is divided into various activities
Required time for each activity is established
All of these

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