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

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

Minimum value
Average value
Middle value
Maximum value

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Industrial Engineering and Production Management
If TL is the largest allowable event occurrence time, total activity slack (s) is equal to

Latest start time earliest start time
Latest finish time earliest finish time (EFT)
All of these
TLEFT

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Industrial Engineering and Production Management
A dummy activity in a net work diagram

Is an artificial activity
All of these
Is represented by a dotted line
Does not consume time or resources

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Industrial Engineering and Production Management
Standing orders which are statutory are applicable to

Only major industries
All industries
All industries employing more than 100 workers
All process industries and thermal power plants

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Industrial Engineering and Production Management
Performance rating is equal to

None of these
Observed performance - normal performance
Observed performance × normal performance
Observed performance + normal performance

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