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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In inventory control, the economic order quantity is the

Optimum lot size
Lot corresponding to break-even point
Highest level of inventory
Capability of a plant to produce

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Industrial Engineering and Production Management
Direct expenses include

None of these
Selling expenses
Administrative expenses
Factory expenses

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Industrial Engineering and Production Management
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is

0.84
0.95
0.66
0.5

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Industrial Engineering and Production Management
Which of the following wage incentive plan is applied to all workers?

Gantt plan
Halsey plan
Emerson's efficiency plan
Rowan plan

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Industrial Engineering and Production Management
Inventory management consists of

State of merchandise methods of storing and maintenance etc.
Effective running of stores
Stock control system
All of these

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Industrial Engineering and Production Management
PERT analysis is based upon

Optimistic time
Pessimistic time
All of these
Most likely time

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