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Industrial Engineering and Production Management

Industrial Engineering and Production Management
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Halsey 50-50 plan, wages for the job will be

TR + [(S - T)/2] × R
TR + (S - T) × R
TR
TR + [(S - T)/S] × R

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Industrial Engineering and Production Management
Current assets include

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

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Industrial Engineering and Production Management
In crash program for a project

indirect costs increase and direct costs decrease
cost is no criterion
direct costs increase and indirect costs decrease
both direct and indirect costs, increase

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Industrial Engineering and Production Management
The most suitable incentive plan for the maintenance section of an industry will be

Piece rate system
Profit sharing plans
Simplification
Group incentive plan

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Industrial Engineering and Production Management
Works cost implies

Factory cost
Factory expenses
Primary cost + factory expenses
Primary cost

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Industrial Engineering and Production Management
The most popular type of organisation used for Civil Engineering Constructions is

Line organization
Functional organization
Line and staff organization
Effective organization

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