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Industrial Engineering and Production Management

Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

(F × P)/V
(F × V)/P
F/[1 - (V/P)]
F/[1 + (V/P)]

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Industrial Engineering and Production Management
Time study is carried out to determine the time required to complete job by

An apprentice
A fast worker
An average worker
A slow worker

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Industrial Engineering and Production Management
An activity of the project is graphically represented by ________ on the network diagram.

None of these
An arrow
A circle
A straight line

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Industrial Engineering and Production Management
In product layout

All of these
Specialized and strict supervision is required
Machines can not be used to their maximum capacity
Manufacturing cost rises with a fall in the volume of production

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Industrial Engineering and Production Management
The type of organisation preferred for a steel industry, is

Line, staff and functional organisation
Functional organisation
Line organisation
Line and staff organisation

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Industrial Engineering and Production Management
What does symbol 'O' imply in work study?

Delay/temporary storage
Operation
Inspection
Transport

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