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Industrial Engineering and Production Management

Industrial Engineering and Production Management
In the cost structure of a product, the selling price is determined by the factors such as

Lowest competitive price
Sales turn over
Various elements of the cost
All of these

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Industrial Engineering and Production Management
Routing is essential in the following type of industry

Assembly industry
Process industry
Mass production industry
Job order industry

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Industrial Engineering and Production Management
Break-even analysis consists of

Fixed and variable costs
Fixed cost
Operation costs
Variable cost

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Industrial Engineering and Production Management
Time study is used to

Determine the number of machines a person may run
Provide a basis for setting piece price or incentive wages
All of the these
Determine standard costs

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Industrial Engineering and Production Management
The break-even point represents

Time when industry will undergo loss
The most economical level of operation of any industry
The time when company can make maximum profits
The time when unit can run without any loss and profit

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Industrial Engineering and Production Management
According to MAPI formula, the old machine should be replaced by new one when
(Here, CAM = Challenger's Adverse minimum, DAM = Defender's Adverse minimum)

There is no such criterion
CAM > DAM
CAM < DAM
CAM = DAM

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