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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Indirect expenses include

All of these
Factory expenses
Selling expenses
Administrative expenses

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Industrial Engineering and Production Management
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as

Day work plan
Rowan Plan
Halsey Premium plan
Taylor Differential Piece rate system

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Industrial Engineering and Production Management
In time study, the rating factor is applied to determine

Standard time of a job
Fixation of incentive rate
Normal time of a worker
Merit rating of the worker

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

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

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Industrial Engineering and Production Management
Gantt charts are used for

Scheduling and routing
Linear programming
Production schedule
Forecasting sales

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Industrial Engineering and Production Management
The product layout

Lowers overall manufacturing time
Requires less space for placing machines
All of these
Utilizes machine and labour better

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MORE MCQ ON Industrial Engineering and Production Management

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