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Industrial Engineering and Production Management

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

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

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Industrial Engineering and Production Management
PERT stands for

Program Estimation and Reporting Technique
Program Evaluation and Review Technique
Planning Estimation and Resulting Technique
Process Estimation and Review Technique

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Industrial Engineering and Production Management
Break-even analysis shows profit when

Sales revenue = total cost
Sales revenue < total cost
Sales revenue > total cost
Variable cost < fixed cost

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

Profit sharing plans
Group incentive plan
Simplification
Piece rate system

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Industrial Engineering and Production Management
M.T.M. is used to

All of these
Develop effective methods in advance of the beginning of production
Improve existing methods
Establish time standards

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Industrial Engineering and Production Management
One of the basic essentials of an incentive plan is that

Minimum wages should be guaranteed
A differential piece rate system should exist
Provide incentive to group efficiency performance
All standards should be based on time studies

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