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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Merit rating is the method of determining the

Worth of a machine
Workers performance on a job
Relative values of a job
Value of overall production

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Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

300
1000
500
460

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Industrial Engineering and Production Management
The most important function of inventory control is

All of these
Stock control system
Technical responsibility for the state of materials
To run the stores effectively

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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 Rowan plan, wages for the job will be

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

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Industrial Engineering and Production Management
Basic motion time study gives times for basic motions in ten thousandths of

Minute
Hour
Second
Day

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

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